Central Banks & the Absence of Tools
Central Bankers are trapped; Keynesian Economics remains the only tool in their quiver, and they are running out of arrows. The Fed Watchers are neck-deep in mainstream media propaganda [...]
Market Talk – January 8, 2025
ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 decreased 102.24 points or -0.26% to 39,981.06
• Shanghai increased 0.52 points or 0.02% to 3,230.17
• Hang Seng decreased 167.74 points or -0.86% to 19,279.84
• ASX 200 increased 64.00 points or 0.77% to 8,349.10
• SENSEX decreased 50.62 points or -0.06% to 78,148.49
• Nifty50 decreased 18.95 points or -0.08% to 23,688.95
The major Asian currency markets had a mixed day today:
• AUDUSD decreased 0.00155 or -0.25% to 0.62150
• NZDUSD decreased 0.00388 or -0.69% to 0.56072
• USDJPY increased 0.329 or 0.21% to 158.404
• USDCNY increased 0.01133 or 0.15% to 7.35328
The above data was collected around 13:28 EST.
Precious Metals:
• Gold increased 7.27 USD/t oz. or 0.27% to 2,656.90
• Silver decreased 0.033 USD/t. oz. or -0.11% to 30.054
The above data was collected around 13:31 EST.
EUROPE/EMEA:
The major Europe stock markets had a mixed day today:
• CAC 40 decreased 36.93 points or -0.49% to 7,452.42
• FTSE 100 increased 5.75 points or 0.07% to 8,251.03
• DAX 30 decreased 10.63 points or -0.05% to 20,329.94
The major Europe currency markets had a mixed day today:
• EURUSD decreased 0.00267 or -0.26% to 1.03138
• GBPUSD decreased 0.01141 or -0.91% to 1.23634
• USDCHF increased 0.00151 or 0.17% to 0.91136
The above data was collected around 13:41 EST.
US/AMERICAS:
US Market Closings:
- Dow advanced 106.84 points or 0.25% to 42,635.2
- S&P 500 advanced 9.22 points or 0.16% to 5,918.25
- Nasdaq declined 10.8 points or -0.06% to 19,478.88
- Russell 2000 declined 10.87 points or -0.48% to 2,238.93
Canada Market Closings:
- TSX Composite advanced 121.3 points or 0.49% to 25,051.19
- TSX 60 advanced 8.99 points or 0.6% to 1,503.33
Brazil Market Closing:
- Bovespa declined 1,545.85 points or -1.28% to 119,616.8
ENERGY:
The oil markets had a mixed day today:
• Crude Oil decreased 0.966 USD/BBL or -1.30% to 73.284
• Brent decreased 0.897 USD/BBL or -1.16% to 76.153
• Natural gas increased 0.2139 USD/MMBtu or 6.20% to 3.6629
• Gasoline decreased 0.0244 USD/GAL or -1.20% to 2.0114
• Heating oil decreased 0.0261 USD/GAL or -1.10% to 2.3460
The above data was collected around 13:45 EST.
• Top commodity gainers: Natural Gas (6.20%), Copper (1.77%), Lumber (1.75%) and Rapeseed (1.73%)
• Top commodity losers: Cheese (-2.20%), Zinc (-1.62%), Steel (-2.16%) and Sugar (-1.49%)
The above data was collected around 14:03 EST.
BONDS:
Japan 1.1800% (+5.1bp), US 2’s 4.30% (-0.007%), US 10’s 4.7120% (+2.5bps); US 30’s 4.94% (+0.025%), Bunds 2.5320% (+4.65bp), France 3.354% (+5.9bp), Italy 3.6930% (+6.8bp), Turkey 26.67% (-12bp), Greece 3.281% (+7.1bp), Portugal 3.008% (+6bp); Spain 3.210% (+6.6bp) and UK Gilts 4.7970% (+10.88bp)
The above data was collected around 14:08 EST.
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