Trump’s Tariffs are Winning
I have said on various podcasts that a 10% tariff is really a tariff. Beyond that, it is political to force free trade. Most countries are dropping tariffs on [...]
Market Talk – December 17, 2024
ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 decreased 92.81 points or -0.24% to 39,364.68
• Shanghai decreased 24.85 points or -0.73% to 3,361.49
• Hang Seng decreased 95.01 points or -0.48% to 19,700.48
• ASX 200 increased 64.50 points or 0.78% to 8,314.00
• SENSEX decreased 1,086.08 points or -1.33% to 80,662.49
• Nifty50 decreased 332.25 points or -1.35% to 24,336.00
The major Asian currency markets had a negative day today:
• AUDUSD decreased 0.00331 or -0.52% to 0.63374
• NZDUSD decreased 0.00227 or -0.39% to 0.57578
• USDJPY decreased 0.664 or -0.43% to 153.452
• USDCNY decreased 0.00175 or -0.02% to 7.29090
The above data was collected around 11:54 EST.
Precious Metals:
• Gold decreased 12.17 USD/t oz. or -0.46% to 2,639.45
• Silver decreased 0.053 USD/t. oz. or -0.17% to 30.457
The above data was collected around 11:57 EST.
EUROPE/EMEA:
The major Europe stock markets had a mixed day today:
• CAC 40 increased 8.62 points or 0.12% to 7,365.70
• FTSE 100 decreased 66.85 points or -0.81% to 8,195.20
• DAX 30 decreased 67.44 points or -0.33% to 20,246.37
The major Europe currency markets had a mixed day today:
• EURUSD decreased 0.00041 or -0.04% to 1.05069
• GBPUSD increased 0.00356 or 0.28% to 1.27176
• USDCHF decreased 0.00186 or -0.21% to 0.89274
The above data was collected around 12:01 EST.
US/AMERICAS:
US Market Closings:
- Dow declined 267.58 points or -0.61% to 43,449.9
- S&P 500 declined 23.47 points or -0.39% to 6,050.61
- Nasdaq declined 64.83 points or -0.32% to 20,109.06
- Russell 2000 declined 27.91 points or -1.18% to 2,334.08
Canada Market Closings:
- TSX Composite declined 27.5 points or -0.11% to 25,119.71
- TSX 60 declined 0.44 of a point or -0.03% to 1,508.59
Brazil Market Closing:
- Bovespa advanced 1,336.32 points or 1.08% to 124,896.38
ENERGY:
The oil markets had a negative day today:
• Crude Oil decreased 1.12 USD/BBL or -1.58% to 69.590
• Brent decreased 1.071 USD/BBL or -1.45% to 72.839
• Natural gas decreased 0.0781 USD/MMBtu or -2.43% to 3.1359
• Gasoline decreased 0.0334 USD/GAL or -1.69% to 1.9395
• Heating oil decreased 0.0405 USD/GAL or -1.79% to 2.2193
The above data was collected around 12:13 EST.
• Top commodity gainers: Bitumen (1.00%), Cocoa (0.47%), Feeder Cattle (0.56%) and Lumber (0.65%)
• Top commodity losers: Sugar (-4.22%), Cheese (-6.75%), Heating Oil (-1.79%) and Natural Gas (-2.43%)
The above data was collected around 12:22 EST.
BONDS:
Japan 1.0770% (+0.51bp), US 2’s 4.25% (-0.017%), US 10’s 4.3830% (-2.2bps); US 30’s 4.58% (-0.024%), Bunds 2.2285% (-1.45bp), France 3.035% (-0.8bp), Italy 3.3860% (-1.05bp), Turkey 28.11% (-34bp), Greece 3.061% (0.1bp), Portugal 2.730% (+0.4bp); Spain 2.923% (-0.2bp) and UK Gilts 4.5260% (+8.08bp)
The above data was collected around 12:26 EST.
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