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 10, 2024
ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 increased 207.08 points or 0.53% to 39,367.58
• Shanghai increased 20.13 points or 0.59% to 3,422.66
• Hang Seng decreased 102.81 points or -0.50% to 20,311.28
• ASX 200 decreased 30.00 points or -0.36% to 8,393.00
• SENSEX increased 30.68 points or 0.04% to 81,539.14
• Nifty50 decreased 8.95 points or -0.04% to 24,610.05
The major Asian currency markets had a mixed day today:
• AUDUSD decreased 0.00694 or -1.08% to 0.63701
• NZDUSD decreased 0.00807 or -1.37% to 0.57943
• USDJPY increased 0.929 or 0.61% to 152.099
• USDCNY decreased 0.00466 or -0.06% to 7.26254
The above data was collected around 11:39 EST.
Precious Metals:
• Gold increased 28.97 USD/t oz. or 1.09% to 2,689.44
• Silver increased 0.013 USD/t. oz. or 0.04% to 31.918
The above data was collected around 11:44 EST.
EUROPE/EMEA:
The major Europe stock markets had a negative day today:
• CAC 40 decreased 85.36 points or -1.14% to 7,394.78
• FTSE 100 decreased 71.72 points or -0.86% to 8,280.36
• DAX 30 decreased 16.80 points or -0.08% to 20,329.16
The major Europe currency markets had a mixed day today:
• EURUSD decreased 0.00438 or -0.42% to 1.05097
• GBPUSD increased 0.00027 or 0.02% to 1.27532
• USDCHF increased 0.00333 or 0.38% to 0.88223
The above data was collected around 11:50 EST.
US/AMERICAS:
US Market Closings:
- Dow declined 154.1 points or -0.35% to 44,247.83
- S&P 500 declined 17.94 points or -0.3% to 6,034.91
- Nasdaq declined 49.45 points or -0.25% to 19,687.24
- Russell 2000 declined 10.06 points or -0.42% to 2,382.77
Canada Market Closings:
- TSX Composite declined 121.09 points or -0.47% to 25,504.33
- TSX 60 declined 6.15 points or -0.4% to 1,530.14
Brazil Market Closing:
- Bovespa advanced 1,018.3 points or 0.8% to 128,228.49
ENERGY:
The oil markets had a mixed day today:
• Crude Oil increased 0.535 USD/BBL or 0.78% to 68.905
• Brent increased 0.45 USD/BBL or 0.62% to 72.590
• Natural gas decreased 0.0633 USD/MMBtu or -1.99% to 3.1187
• Gasoline increased 0.0268 USD/GAL or 1.38% to 1.9693
• Heating oil increased 0.0193 USD/GAL or 0.89% to 2.1983
The above data was collected around 13:05 EST.
• Top commodity gainers: Gasoline (1.38%), Cocoa (3.94%), Steel (1.84%) and Orange Juice (1.32%)
• Top commodity losers: Palm Oil (-3.18%), Bitumen (-1.61%), Natural Gas (-1.99%) and Sugar (-2.39%)
The above data was collected around 12:13 EST.
BONDS:
Japan 1.0660% (+2.4bp), US 2’s 4.17% (+0.041%), US 10’s 4.2340% (+3.1bps); US 30’s 4.41% (+0.024%), Bunds 2.1170% (-0.05bp), France 2.878% (+0.65bp), Italy 3.2040% (+1.1bp), Turkey 28.45% (+46bp), Greece 2.906% (+3.6bp), Portugal 2.521% (+0.6bp); Spain 2.762% (+0.5bp) and UK Gilts 4.3290% (+4.89bp)
The above data was collected around 12:16 EST.
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