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 – January 7, 2025
ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 increased 776.25 points or 1.97% to 40,083.30
• Shanghai increased 22.72 points or 0.71% to 3,229.64
• Hang Seng decreased 240.71 points or -1.22% to 19,447.58
• ASX 200 increased 27.70 points or 0.34% to 8,285.10
• SENSEX increased 164.14 points or 0.21% to 78,129.13
• Nifty50 increased 91.85 points or 0.39% to 23,707.90
The major Asian currency markets had a mixed day today:
• AUDUSD increased 0.00003 or 0.00% to 0.62463
• NZDUSD decreased 0.00005 or -0.01% to 0.56455
• USDJPY decreased 0.015 or -0.01% to 157.610
• USDCNY decreased 0.00966 or -0.13% to 7.33664
The above data was collected around 13:19 EST.
Precious Metals:
• Gold increased 17.2 USD/t oz. or 0.65% to 2,651.82
• Silver increased 0.178 USD/t. oz. or 0.59% to 30.108
The above data was collected around 13:22 EST.
EUROPE/EMEA:
The major Europe stock markets had a mixed day today:
• CAC 40 increased 43.66 points or 0.59% to 7,489.35
• FTSE 100 decreased 4.38 points or -0.05% to 8,245.28
• DAX 30 increased 124.38 points or 0.62% to 20,340.57
The major Europe currency markets had a mixed day today:
• EURUSD decreased 0.00288 or -0.28% to 1.03612
• GBPUSD decreased 0.0021 or -0.17% to 1.24960
• USDCHF increased 0.00351 or 0.39% to 0.90816
The above data was collected around 13:27 EST.
US/AMERICAS:
US Market Closings:
- Dow declined 178.2 points or -0.42% to 42,528.36
- S&P 500 declined 66.35 points or -1.11% to 5,909.03
- Nasdaq declined 375.3 points or -1.89% to 19,489.68
- Russell 2000 declined 16.84 points or -0.74% to 2,249.81
Canada Market Closings:
- TSX Composite declined 69.9 points or -0.28% to 24,929.89
- TSX 60 declined 4 points or -0.27% to 1,494.34
Brazil Market Closing:
- Bovespa advanced 1,047.65 points or 0.87% to 121,069.17
ENERGY:
The oil markets had a mixed day today:
• Crude Oil increased 0.865 USD/BBL or 1.18% to 74.425
• Brent increased 0.877 USD/BBL or 1.15% to 77.177
• Natural gas decreased 0.1718 USD/MMBtu or -4.68% to 3.5002
• Gasoline increased 0.0034 USD/GAL or 0.17% to 2.0323
• Heating oil increased 0.0167 USD/GAL or 0.71% to 2.3703
The above data was collected around 13:31 EST.
• Top commodity gainers: Crude Oil (1.18%), Platinum (3.53%), Aluminum (1.22%) and Rapeseed (1.67%)
• Top commodity losers: Cheese (-2.80%), Orange Juice (-5.15%), Steel (-1.60%) and Natural Gas (-4.68%)
The above data was collected around 13:36 EST.
BONDS:
Japan 1.1290% (-0.04bp), US 2’s 4.31% (+0.023%), US 10’s 4.6940% (+5.8bps); US 30’s 4.92% (+0.058%), Bunds 2.4825% (+3.5bp), France 3.300% (+3.95bp), Italy 3.6240% (+5bp), Turkey 26.79% (+3bp), Greece 3.242% (+1.2bp), Portugal 2.947% (+3.5bp); Spain 3.142% (+3.5bp) and UK Gilts 4.6880% (+7.94bp)
The above data was collected around 13:38 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 [...]
