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 – February 11, 2025
ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 increased 14.15 points or 0.04% to 38,801.17
• Shanghai decreased 4.11 points or -0.12% to 3,318.06
• Hang Seng decreased 227.12 points or -1.06% to 21,294.86
• ASX 200 increased 1.20 points or 0.01% to 8,484.00
• SENSEX decreased 1,018.20 points or -1.32% to 76,293.60
• Nifty50 decreased 309.80 points or -1.32% to 23,071.80
The major Asian currency markets had a mixed day today:
• AUDUSD increased 0.00137 or 0.22% to 0.62912
• NZDUSD decreased 0.00005 or -0.01% to 0.56520
• USDJPY increased 0.446 or 0.29% to 152.442
• USDCNY increased 0.00031 or 0.00% to 7.31116
The above data was collected around 13:43 EST.
Precious Metals:
• Gold decreased 11.55 USD/t oz. or -0.40% to 2,906.08
• Silver decreased 0.157 USD/t. oz. or -0.49% to 31.902
The above data was collected around 13:46 EST.
EUROPE/EMEA:
The major Europe stock markets had a green day today:
• CAC 40 increased 22.68 points or 0.28% to 8,028.90
• FTSE 100 increased 9.59 points or 0.11% to 8,777.39
• DAX 30 increased 126.09 points or 0.58% to 22,037.83
The major Europe currency markets had a green day today:
• EURUSD increased 0.0039 or 0.38% to 1.03460
• GBPUSD increased 0.00576 or 0.47% to 1.24251
• USDCHF increased 0.00227 or 0.25% to 0.91362
The above data was collected around 13:53 EST.
US/AMERICAS:
US Market Closings:
- Dow advanced 123.24 points or 028% to 44,593.65
- S&P 500 advanced 2.06 points or 0.03% to 6,068.5
- Nasdaq declined 70.41 points or -0.36% to 19,643.86
- Russell 2000 declined 12.24 points or -0.53% to 2,275.7
Canada Market Closings:
- TSX Composite declined 27.03 points or -0.11% to 25,631.83
- TSX 60 advanced 0.96 of a point or 0.06% to 1,543.33
Brazil Market Closing:
- Bovespa advanced 1,030.25 points or 0.82% to 126,602.06
ENERGY:
The oil markets had a green day today:
• Crude Oil increased 0.968 USD/BBL or 1.34% to 73.288
• Brent increased 1.064 USD/BBL or 1.40% to 76.934
• Natural gas increased 0.0762 USD/MMBtu or 2.21% to 3.5202
• Gasoline increased 0.0509 USD/GAL or 2.42% to 2.1536
• Heating oil increased 0.0602 USD/GAL or 2.45% to 2.5128
The above data was collected around 13:55 EST.
• Top commodity gainers: Natural Gas (2.21%), Gasoline (2.42%), Heating Oil (2.45%) and Cocoa (4.80%)
• Top commodity losers: Orange Juice (-3.37%), Copper (-2.47%), Steel (-1.69%) and Coffee (-3.86%)
The above data was collected around 14:01 EST.
BONDS:
Japan 1.3160% (-0.02bp), US 2’s 4.29% (+0.007%), US 10’s 4.5330% (+3.5bps); US 30’s 4.74% (+0.026%), Bunds 2.4275% (+6.75bp), France 3.159% (+7.3bp), Italy 3.5320% (+8.25bp), Turkey 26.69% (+43bp), Greece 3.290% (+7bp), Portugal 2.959% (+7bp); Spain 3.109% (+7.2bp) and UK Gilts 4.5120% (+5.05bp)
The above data was collected around 14:03 EST.
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