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 17, 2025
ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 decreased 121.14 points or -0.31% to 38,451.46
• Shanghai increased 5.79 points or 0.18% to 3,241.82
• Hang Seng increased 61.17 points or 0.31% to 19,584.06
• ASX 200 decreased 16.60 points or -0.20% to 8,310.40
• SENSEX decreased 423.49 points or -0.55% to 76,619.33
• Nifty50 decreased 108.60 points or -0.47% to 23,203.20
The major Asian currency markets had a mixed day today:
• AUDUSD decreased 0.00084 or -0.14% to 0.62041
• NZDUSD decreased 0.00217 or -0.39% to 0.55918
• USDJPY increased 0.988 or 0.64% to 156.153
• USDCNY decreased 0.00345 or -0.05% to 7.34360
The above data was collected around 13:47 EST.
Precious Metals:
• Gold decreased 7.42 USD/t oz. or -0.27% to 2,707.08
• Silver decreased 0.395 USD/t. oz. or -1.28% to 30.363
The above data was collected around 13:50 EST.
EUROPE/EMEA:
The major Europe stock markets had a green day today:
• CAC 40 increased 75.01 points or 0.98% to 7,709.75
• FTSE 100 increased 113.32 points or 1.35% to 8,505.22
• DAX 30 increased 248.00 points or 1.20% to 20,903.39
The major Europe currency markets had a mixed day today:
• EURUSD decreased 0.00208 or -0.20% to 1.02817
• GBPUSD decreased 0.00647 or -0.53% to 1.21763
• USDCHF increased 0.00328 or 0.36% to 0.91463
The above data was collected around 14:02 EST.
US/AMERICAS:
US Market Closings:
- Dowadvanced 334.7 points or 0.78% to 43,487.83
- S&P 500 advanced 59.32 points or 1% to 5,996.66
- Nasdaq advanced 291.91 points or 1.51% to 19,630.2
- Russell 2000 advanced 9.09 points or 0.4% to 2,275.88
Canada Market Closings:
- TSX Composite advanced 221.72 points or 0.89% to 25,067.92
- TSX 60 advanced 14.22 points or 0.95% to 1,504.68
Brazil Market Closing:
- Bovespa advanced 1,029.85 points or 0.85% to 122,263.99
ENERGY:
The oil markets had a mixed day today:
• Crude Oil decreased 0.32 USD/BBL or -0.41% to 78.360
• Brent decreased 0.311 USD/BBL or -0.38% to 80.979
• Natural gas decreased 0.299 USD/MMBtu or -7.02% to 3.9590
• Gasoline decreased 0.0037 USD/GAL or -0.17% to 2.1129
• Heating oil increased 0.0073 USD/GAL or 0.28% to 2.6225
The above data was collected around 14:06 EST.
• Top commodity gainers: Orange Juice (3.30%), Oat (4.61%), Zinc (2.43%) and Cocoa (6.51%)
• Top commodity losers: Copper (-1.72%), Natural Gas (-7.02%), Lean Hogs (-1.45%) and Lumber (-1.94%)
The above data was collected around 14:12 EST.
BONDS:
Japan 1.2070% (-0.27bp), US 2’s 4.28% (+0.042%), US 10’s 4.6110% (-0.6bps); US 30’s 4.84% (-0.017%), Bunds 2.4970% (-2.35bp), France 3.311% (-1.75bp), Italy 3.6380% (-0.95bp), Turkey 26.20% (-21bp), Greece 3.280% (-8bp), Portugal 2.949% (-1.1bp); Spain 3.157% (-1.8bp) and UK Gilts 4.6600% (-2.14bp)
The above data was collected around 14:24 EST.
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