Tariffs are NOT Reciprocal
How did the Trump Administration come up with these tariff rates? Why would a nation like Madagascar, for example, with a small economy, be hit with a 47% tariff? Reciprocal [...]
Market Talk – December 3, 2024
ASIA:
The major Asian stock markets had a green day today:
• NIKKEI 225 increased 735.84 points or 1.91% to 39,248.86
• Shanghai increased 14.82 points or 0.44% to 3,378.81
• Hang Seng increased 196.03 points or 1.00% to 19,746.32
• ASX 200 increased 47.30 points or 0.56% to 8,495.20
• SENSEX increased 587.29 points or 0.73% to 80,835.37
• Nifty50 increased 181.10 points or 0.75% to 24,457.15
The major Asian currency markets had a mixed day today:
• AUDUSD increased 0.0006 or 0.09% to 0.64805
• NZDUSD decreased 0.00075 or -0.13% to 0.58805
• USDJPY decreased 0.162 or -0.11% to 149.433
• USDCNY increased 0.01135 or 0.16% to 7.29740
The above data was collected around 15:45 EST.
Precious Metals:
• Gold increased 0.12 USD/t oz. or 0.00% to 2,642.33
• Silver increased 0.45 USD/t. oz. or 1.47% to 31.046
The above data was collected around 15:48 EST.
EUROPE/EMEA:
The major Europe stock markets had a green day today:
• CAC 40 increased 18.53 points or 0.26% to 7,255.42
• FTSE 100 increased 46.52 points or 0.56% to 8,359.41
• DAX 30 increased 83.13 points or 0.42% to 20,016.75
The major Europe currency markets had a mixed day today:
• EURUSD increased 0.00105 or 0.10% to 1.05085
• GBPUSD increased 0.00155 or 0.12% to 1.26710
• USDCHF decreased 0.00045 or -0.05% to 0.88625
The above data was collected around 15:55 EST.
US/AMERICAS:
US Market Closings:
- Dow declined 76.47 points or -0.17% to 44,705.53
- S&P 500 advanced 2.73 points or 0.05% to 6,049.88
- Nasdaq advanced 76.96 points or 0.4% to 19,480.91
- Russell 2000 declined 17.79 points or -0.73% to 2,416.35
Canada Market Closings:
- TSX Composite advanced 45.4 points or 0.18% to 25,635.73
- TSX 60 advanced 0.27 of a point or 0.02% to 1,537.36
Brazil Market Closing:
- Bovespa advanced 903.66 points or 0.72% to 126,139.2
ENERGY:
The oil markets had a mixed day today:
• Crude Oil increased 1.795 USD/BBL or 2.63% to 69.965
• Brent increased 1.652 USD/BBL or 2.30% to 73.582
• Natural gas decreased 0.1674 USD/MMBtu or -5.21% to 3.0446
• Gasoline increased 0.046 USD/GAL or 2.40% to 1.9636
• Heating oil increased 0.0375 USD/GAL or 1.72% to 2.2146
The above data was collected around 15:59 EST.
• Top commodity gainers: Gasoline (2.40%), Crude Oil (2.63%), Rapeseed (2.72%) and Palm Oil (2.60%)
• Top commodity losers: Natural Gas (-5.21%), Cocoa (-4.02%), HRC Steel (-1.29%) and Palladium (-1.48%)
The above data was collected around 16:05 EST.
BONDS:
Japan 1.0810% (+0.39bp), US 2’s 4.19% (-0.006%), US 10’s 4.2310% (+3.3bps); US 30’s 4.41% (+0.050%), Bunds 2.0560% (+2.25bp), France 2.902% (-1.3bp), Italy 3.2430% (-1.5bp), Turkey 27.51% (-10bp), Greece 2.900% (+0bp), Portugal 2.513% (+1.3bp); Spain 2.768% (+0.7bp) and UK Gilts 4.2510% (+3.53bp)
The above data was collected around 16:08 EST.
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ASIA: The major Asian stock markets had a negative day today: • NIKKEI 225 decreased 989.94 points or -2.77% to 34,735.93 • Shanghai decreased 8.12 points or -0.24% to 3,342.01 [...]
