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 24, 2025
ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 decreased 26.89 points or -0.07% to 39,931.98
• Shanghai increased 22.46 points or 0.70% to 3,252.63
• Hang Seng increased 365.63 points or 1.86% to 20,066.19
• ASX 200 increased 30.20 points or 0.36% to 8,408.90
• SENSEX decreased 329.92 points or -0.43% to 76,190.46
• Nifty50 decreased 113.15 points or -0.49% to 23,092.20
The major Asian currency markets had a mixed day today:
• AUDUSD increased 0.00328 or 0.52% to 0.63173
• NZDUSD increased 0.00316 or 0.56% to 0.57151
• USDJPY decreased 0.295 or -0.19% to 155.765
• USDCNY decreased 0.04555 or -0.63% to 7.24200
The above data was collected around 13:11 EST.
Precious Metals:
• Gold increased 17.79 USD/t oz. or 0.65% to 2,772.24
• Silver increased 0.24 USD/t. oz. or 0.79% to 30.702
The above data was collected around 13:17 EST.
EUROPE/EMEA:
The major Europe stock markets had a mixed day today:
• CAC 40 increased 35.01 points or 0.44% to 7,927.62
• FTSE 100 decreased 62.85 points or -0.73% to 8,502.35
• DAX 30 decreased 16.60 points or -0.08% to 21,394.93
The major Europe currency markets had a mixed day today:
• EURUSD increased 0.00876 or 0.84% to 1.05036
• GBPUSD increased 0.01318 or 1.07% to 1.24858
• USDCHF decreased 0.00251 or -0.28% to 0.90514
The above data was collected around 13:26 EST.
US/AMERICAS:
US Market Closings:
- Dow declined 140.82 points or -0.32% to 44,424.25
- S&P 500 declined 17.47 points or -0.29% to 6,101.24
- Nasdaq declined 99.38 points or -0.5% to 19,954.3
- Russell 2000 declined 6.7 points or -0.29% to 2,307.9
Canada Market Closings:
- TSX Composite advanced 38.63 points or 0.15% to 1,529.17
- TSX 60 advanced 2.26 points or 0.15% to 1,529.17
Brazil Market Closing:
- Bovespa advanced 10.65 points or 0.01% to 122,493.97
ENERGY:
The oil markets had a mixed day today:
• Crude Oil decreased 0.284 USD/BBL or -0.38% to 74.336
• Brent decreased 0.154 USD/BBL or -0.20% to 78.136
• Natural gas increased 0.031 USD/MMBtu or 0.79% to 3.9760
• Gasoline decreased 0.0092 USD/GAL or -0.45% to 2.0460
• Heating oil increased 0.0447 USD/GAL or 1.81% to 2.5124
The above data was collected around 13:29 EST.
• Top commodity gainers: Live Cattle (1.95%), Potatoes (2.13%), Heating Oil (1.81%) and Sugar (1.83%)
• Top commodity losers: Wheat (-1.84%), Orange Juice (-3.99%), Rice (-1.24%) and Oat (-3.00%)
The above data was collected around 13:40 EST.
BONDS:
Japan 1.2350% (+2.55bp), US 2’s 4.28% (-0.020%), US 10’s 4.6340% (-1.2bps); US 30’s 4.86% (-0.019%), Bunds 2.5450% (+3.2bp), France 3.303% (+1.1bp), Italy 3.6540% (+1.7bp), Turkey 25.13% (-34bp), Greece 3.420% (+12bp), Portugal 2.976% (+1.3bp); Spain 3.181% (+0.6bp) and UK Gilts 4.6410% (+0.11bp)
The above data was collected around 13:44 EST.
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