CBO Issues Dire Forecast for US Debt
The US Congressional Budget Office is warning that the federal deficit has hit a point of no return. It is far too late to cut wasteful government spending. Politicians have [...]
Market Talk – January 10, 2025
ASIA:
The major Asian stock markets had a negative day today:
• NIKKEI 225 decreased 414.69 points or -1.05% to 39,190.40
• Shanghai decreased 42.87 points or -1.33% to 3,168.52
• Hang Seng decreased 176.60 points or -0.92% to 19,064.29
• ASX 200 decreased 35.10 points or -0.42% to 8,294.10
• SENSEX decreased 241.30 points or -0.31% to 77,378.91
• Nifty50 decreased 95.00 points or -0.40% to 23,431.50
The major Asian currency markets had a mixed day today:
• AUDUSD decreased 0.00527 or -0.85% to 0.61428
• NZDUSD decreased 0.00428 or -0.76% to 0.55547
• USDJPY decreased 0.202 or -0.13% to 157.884
• USDCNY increased 0.00785 or 0.11% to 7.36415
The above data was collected around 15:18 EST.
Precious Metals:
• Gold increased 19.34 USD/t oz. or 0.72% to 2,689.23
• Silver increased 0.274 USD/t. oz. or 0.91% to 30.358
The above data was collected around 15:22 EST.
EUROPE/EMEA:
The major Europe stock markets had a negative day today:
• CAC 40 decreased 59.24 points or -0.79% to 7,431.04
• FTSE 100 decreased 71.20 points or -0.86% to 8,248.49
• DAX 30 decreased 102.31 points or -0.50% to 20,214.79
The major Europe currency markets had a mixed day today:
• EURUSD decreased 0.00604 or -0.59% to 1.02391
• GBPUSD decreased 0.01039 or -0.84% to 1.22041
• USDCHF increased 0.00475 or 0.52% to 0.91710
The above data was collected around 15:28 EST.
US/AMERICAS:
US Market Closings:
- Dow declined 696.75 points or -1.63% to 41,938.45
- S&P 500 declined 91.21 points or -1.54% to 5,827.04
- Nasdaq declined 317.25 points or -1.63% to 19,161.63
- Russell 2000 declined 49.74 points or -2.22% to 2,189.23
Canada Market Closings:
- TSX Composite declined 305.63 points or -1.22% to 24,767.73
- TSX 60 declined 21.11 points or -1.4% to 1,482.61
Brazil Market Closing:
- Bovespa declined 827.83 points or -0.69% to 118,952.73
ENERGY:
The oil markets had a green day today:
• Crude Oil increased 2.62 USD/BBL or 3.54% to 76.540
• Brent increased 2.712 USD/BBL or 3.53% to 79.632
• Natural gas increased 0.2718 USD/MMBtu or 7.34% to 3.9728
• Gasoline increased 0.036 USD/GAL or 1.77% to 2.0722
• Heating oil increased 0.1102 USD/GAL or 4.62% to 2.4976
The above data was collected around 15:30 EST.
• Top commodity gainers: Natural Gas (7.34%), Heating Oil (4.62%), Crude Oil (3.54%) and Brent (3.53%)
• Top commodity losers: Cheese (-3.19%), Orange Juice (-4.20%), Cotton (-2.31%) and Cocoa (-3.17%)
The above data was collected around 15:36 EST.
BONDS:
Japan 1.2120% (+3.47bp), US 2’s 4.40% (+0.128%), US 10’s 4.7820% (+9.4bps); US 30’s 4.97% (+0.032%), Bunds 2.5750% (+4.4bp), France 3.425% (+3.7bp), Italy 3.7710% (+6.55bp), Turkey 26.36% (-17bp), Greece 3.370% (+5bp), Portugal 3.048% (+4.5bp); Spain 3.263% (+5.1bp) and UK Gilts 4.8430% (+2.68bp)
The above data was collected around 15:41 EST.
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