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 21, 2025
ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 increased 125.48 points or 0.32% to 39,027.98
• Shanghai decreased 1.75 points or -0.05% to 3,242.62
• Hang Seng increased 180.74 points or 0.91% to 20,106.55
• ASX 200 increased 55.00 points or 0.66% to 8,402.40
• SENSEX decreased 1,235.08 points or -1.60% to 75,838.36
• Nifty50 decreased 320.10 points or -1.37% to 23,024.65
The major Asian currency markets had a mixed day today:
• AUDUSD increased 0.00006 or 0.01% to 0.62751
• NZDUSD increased 0.00015 or 0.03% to 0.56665
• USDJPY decreased 0.159 or -0.10% to 155.437
• USDCNY decreased 0.003 or -0.04% to 7.26000
The above data was collected around 13:42 EST.
Precious Metals:
• Gold increased 35.01 USD/t oz. or 1.29% to 2,745.32
• Silver increased 0.248 USD/t. oz. or 0.81% to 30.819
The above data was collected around 13:45 EST.
EUROPE/EMEA:
The major Europe stock markets had a green day today:
• CAC 40 increased 37.45 points or 0.48% to 7,770.95
• FTSE 100 increased 27.75 points or 0.33% to 8,548.29
• DAX 30 increased 51.69 points or 0.25% to 21,042.00
The major Europe currency markets had a mixed day today:
• EURUSD increased 0.0017 or 0.16% to 1.04330
• GBPUSD increased 0.00081 or 0.07% to 1.23371
• USDCHF decreased 0.00065 or -0.07% to 0.90645
The above data was collected around 13:49 EST.
US/AMERICAS:
US Market Closings:
- Dow advanced 537.98 points or 1.24% to 44,025.81
- S&P 500 advanced 52.58 points or 0.88% to 6,049.24
- Nasdaq advanced 126.58 points or 0.64% to 19,756.78
- Russell 2000 advanced 42.09 points or 1.85% to 2,317.97
Canada Market Closings:
- TSX Composite advanced 110.05 points or 0.44% to 25,281.63
- TSX 60 advanced 8.24 points or 0.55% to 1,517.56
Brazil Market Closing:
- Bovespa advanced 389.95 points or 0.32% to 123,245.1
ENERGY:
The oil markets had a negative day today:
• Crude Oil decreased 0.707 USD/BBL or -0.92% to 75.746
• Brent decreased 0.652 USD/BBL or -0.82% to 79.121
• Natural gas decreased 0.0446 USD/MMBtu or -1.17% to 3.7539
• Gasoline decreased 0.0302 USD/GAL or -1.43% to 2.0785
• Heating oil decreased 0.0422 USD/GAL or -1.62% to 2.5618
The above data was collected around 13:52 EST.
• Top commodity gainers: Soybeans (2.42%), Oat (3.41%), Wheat (3.75%) and Cocoa (3.11%)
• Top commodity losers: Zinc (-1.66%), Sugar (-2.48%), Heating Oil (-1.62%) and Lumber (-1.86%)
The above data was collected around 13:59 EST.
BONDS:
Japan 1.1900% (-0.71bp), US 2’s 4.29% (+0.002%), US 10’s 4.5760% (-7.5bps); US 30’s 4.80% (-0.067%), Bunds 2.4865% (-0.6bp), France 3.274% (-2bp), Italy 3.5870% (-2.5bp), Turkey 25.67% (-31bp), Greece 3.252% (-2.8bp), Portugal 2.922% (-1.6bp); Spain 3.139% (-2.2bp) and UK Gilts 4.5980% (-6.56bp)
The above data was collected around 14:02 EST.
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