Markets Crash On Cue & Trump Refuses to Rule Out Recession
COMMENT: Marty, it looks like Trump is aware of the ECM. The markets crashed right on cue with Socrates, and he refused to rule out a recession. What is most [...]
Market Talk – January 29, 2025
ASIA:
The major Asian stock markets had a green day today:
• NIKKEI 225 increased 397.91 points or 1.02% to 39,414.78
• Shanghai closed
• Hang Seng closed
• ASX 200 increased 47.90 points or 0.57% to 8,447.00
• SENSEX increased 631.55 points or 0.83% to 76,532.96
• Nifty50 increased 205.85 points or 0.90% to 23,163.10
The major Asian currency markets had a negative day today:
• AUDUSD decreased 0.00195 or -0.31% to 0.62330
• NZDUSD decreased 0.00059 or -0.10% to 0.56576
• USDJPY decreased 0.393 or -0.25% to 155.164
• USDCNY decreased 0.01372 or -0.19% to 7.26133
The above data was collected around 12:24 EST.
Precious Metals:
• Gold decreased 11.01 USD/t oz. or -0.40% to 2,751.58
• Silver increased 0.297 USD/t. oz. or 0.98% to 30.690
The above data was collected around 12:31 EST.
EUROPE/EMEA:
The major Europe stock markets had a mixed day today:
• CAC 40 decreased 24.89 points or -0.32% to 7,872.48
• FTSE 100 increased 23.94 points or 0.28% to 8,557.81
• DAX 30 increased 206.95 points or 0.97% to 21,637.53
The major Europe currency markets had a mixed day today:
• EURUSD decreased 0.00092 or -0.09% to 1.04213
• GBPUSD increased 0.00012 or 0.01% to 1.24432
• USDCHF increased 0.00245 or 0.27% to 0.90680
The above data was collected around 12:47 EST.
US/AMERICAS:
US Market Closings:
- Dow declined 136.83 points or -0.31% to 44,713.52
- S&P 500 declined 28.39 points or -0.47% to 6,039.31
- Nasdaq declined 101.26 points or -0.51% to 19,632.32
- Russell 2000 declined 5.77 points or -0.25% to 2,283.1
Canada Market Closings:
- TSX Composite advanced 53.85 points or 0.21% to 25,473.3
- TSX 60 advanced 2.54 points or 0.17% to 1,537.38
Brazil Market Closing:
- Bovespa declined 623.38 points or -0.5% to 123,432.12
ENERGY:
The oil markets had a mixed day today:
• Crude Oil decreased 1.161 USD/BBL or -1.57% to 72.609
• Brent decreased 0.928 USD/BBL or -1.20% to 76.562
• Natural gas increased 0.0297 USD/MMBtu or 0.95% to 3.1517
• Gasoline decreased 0.0168 USD/GAL or -0.82% to 2.0343
• Heating oil decreased 0.0106 USD/GAL or -0.43% to 2.4392
The above data was collected around 12:49 EST.
• Top commodity gainers: Wheat (2.77%), Platinum (2.14%), Coffee (2.15%) and Cocoa (3.02%)
• Top commodity losers: Crude Oil (-1.57%), Cobalt (-2.26%), Palm Oil (-2.22%) and Rapeseed (-1.55%)
The above data was collected around 13:57 EST.
BONDS:
Japan 1.1960% (-0.1bp), US 2’s 4.22% (+0.013%), US 10’s 4.5520% (+1.4bps); US 30’s 4.79% (+0.006%), Bunds 2.5785% (+1.8bp), France 3.315% (+2.6bp), Italy 3.6570% (+0.3bp), Turkey 25.66% (+22bp), Greece 3.412% (+2.2bp), Portugal 2.963% (+1.9bp); Spain 3.178% (+2.1bp) and UK Gilts 4.6290% (+0.77bp)
The above data was collected around 14:00 EST.
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