Trump’s Tariffs are Winning
I have said on various podcasts that a 10% tariff is really a tariff. Beyond that, it is political to force free trade. Most countries are dropping tariffs on [...]
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.
Latest Posts
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 [...]
Eric Adams Leaves the Democratic Party
New York City Mayor Eric Adams, the man who fought tooth and nail to maintain sanctuary city status for migrants, has abandoned the Democratic Party. The Democrats have become so [...]
Trump vs Putin
https://www.armstrongeconomics.com/wp-content/uploads/2025/04/Zelensky-Reniggs.mp4 QUESTION: I take it you agree with Putin that Zelensky is not legitimate and that Trump is wrong. Would you care to explain your position? WG ANSWER: I [...]
