Germany Lets Economy Plunge to Meet Climate Change Goals
Germany is on track to meet its climate change initiatives at the expense of its economy. To look at the overall health of the European Union, we may look directly [...]
Market Talk – December 20, 2024
Merry Christmas and Happy New Year! Market Talk will be postponed until we embark on the new year.
ASIA:
The major Asian stock markets had a negative day today:
• NIKKEI 225 decreased 111.68 points or -0.29% to 38,701.90
• Shanghai decreased 1.96 points or -0.06% to 3,368.07
• Hang Seng decreased 31.81 points or -0.16% to 19,720.70
• ASX 200 decreased 101.20 points or -1.24% to 8,067.00
• SENSEX decreased 1,013.03 points or -1.28% to 78,205.02
• Nifty50 decreased 364.20 points or -1.52% to 23,587.50
The major Asian currency markets had a mixed day today:
• AUDUSD increased 0.00342 or 0.55% to 0.62722
• NZDUSD increased 0.00284 or 0.50% to 0.56694
• USDJPY decreased 1.413 or -0.90% to 156.005
• USDCNY decreased 0.0126 or -0.17% to 7.29640
The above data was collected around 12:12 EST.
Precious Metals:
• Gold increased 32.99 USD/t oz. or 1.27% to 2,626.50
• Silver increased 0.425 USD/t. oz. or 1.46% to 29.448
The above data was collected around 12:17 EST.
EUROPE/EMEA:
The major Europe stock markets had a negative day today:
• CAC 40 decreased 19.89 points or -0.27% to 7,274.48
• FTSE 100 decreased 20.71 points or -0.26% to 8,084.61
• DAX 30 decreased 85.11 points or -0.43% to 19,884.75
The major Europe currency markets had a mixed day today:
• EURUSD increased 0.00802 or 0.77% to 1.04422
• GBPUSD increased 0.01054 or 0.84% to 1.26084
• USDCHF decreased 0.00701 or -0.78% to 0.89199
The above data was collected around 12:19 EST.
US/AMERICAS:
US Market Closings:
- Dow advanced 497.77 points or 1.18% to 42,840.01
- S&P 500 advanced 63.82 points or 1.09% to 5,930.9
- Nasdaq advanced 199.83 points or 1.03% to 19,572.6
- Russell 2000 advanced 20.89 points or 0.94% to 2,242.39
Canada Market Closings:
- TSX Composite advanced 185.54 points or 0.76% to 24,599.48
- TSX 60 advanced 10.88 points or 0.74% to 1,475.72
Brazil Market Closing:
- Bovespa advanced 601.08 points or 0.5% to 121,788.99
ENERGY:
The oil markets had a green day today:
• Crude Oil increased 0.185 USD/BBL or 0.27% to 69.565
• Brent increased 0.101 USD/BBL or 0.14% to 72.981
• Natural gas increased 0.0881 USD/MMBtu or 2.46% to 3.6721
• Gasoline increased 0.0279 USD/GAL or 1.46% to 1.9432
• Heating oil increased 0.0039 USD/GAL or 0.18% to 2.2320
The above data was collected around 12:22 EST.
• Top commodity gainers: Natural Gas (2.46%), Nickel (1.62%), Canola (1.96%) and Lean Hogs (1.99%)
• Top commodity losers: Palm Oil (-1.73%), Cheese (-4.61%), Orange Juice (-3.65%) and Rice (-2.26%)
The above data was collected around 12:34 EST.
BONDS:
Japan 1.0550% (-3.12bp), US 2’s 4.30% (-0.029%), US 10’s 4.4980% (-7.7bps); US 30’s 4.69% (-0.045%), Bunds 2.2890% (-1.55bp), France 3.077% (-3.3bp), Italy 3.4520% (-1.9bp), Turkey 28.24% (-8bp), Greece 3.134% (-2.6bp), Portugal 2.766% (-1.1bp); Spain 2.989% (-1.4bp) and UK Gilts 4.5090% (-7.47bp)
The above data was collected around 12:38 EST.
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