Market Talk – October 13, 2023

ASIA:

The major Asian stock markets had a negative day today:

• NIKKEI 225 decreased 178.67 points or -0.55% to 32,315.99
• Shanghai decreased 19.80 points or -0.64% to 3,088.10
• Hang Seng decreased 424.76 points or -2.33% to 17,813.45
• ASX 200 decreased 40.00 points or -0.56% to 7,051.00
• Kospi decreased 23.67 points or -0.95% to 2,456.15
• SENSEX decreased 125.65 points or -0.19% to 66,282.74
• Nifty50 decreased 42.95 points or -0.22% to 19,751.05

The major Asian currency markets had a mixed day today:

• AUDUSD decreased 0.00272 or -0.43% to 0.62868
• NZDUSD decreased 0.00396 or -0.67% to 0.58874
• USDJPY increased 0.179 or -0.12% to 149.621
• USDCNY increased 0.00137 or 0.02% to 7.31107

The above data was collected around 11:53 EST.

Precious Metals:

Gold increased 54.16 USD/t oz. or 2.90% to 1,922.81

Silver increased 0.901 USD/t. oz or 4.13%% to 22.741

The above data was collected around 11:58 EST.

Some economic news from last night:

China:

CPI (MoM) (Sep) decreased from 0.3% to 0.2%

CPI (YoY) (Sep) decreased from 0.1% to 0.0%

PPI (YoY) (Sep) increased from -3.0% to -2.5%

Exports (YoY) (Sep) increased from -8.8% to -6.2%

Imports (YoY) (Sep) increased from -7.3% to -6.2%

Trade Balance (USD) (Sep) increased from 68.36B to 77.71B

Some economic news from today:

China:

New Loans (Sep) increased from 1,360.0B to 2,310.0B

EUROPE/EMEA:

The major Europe stock markets had a negative day today:

•  CAC 40 decreased 101.00 points or -1.42% to 7,003.53
•  FTSE 100 decreased 45.18 points, or -0.59% to 7,599.60
•  DAX 30 decreased 238.37 points or -1.55% to 15,186.66

The major Europe currency markets had a negative day today:

• EURUSD decreased 0.00251 or -0.24% to 1.05009
• GBPUSD decreased 0.00362 or -0.30% to 1.21368
• USDCHF decreased 0.00639 or -0.70% to 0.90181

The above data was collected around 11:59 EST.

Some economic news from Europe today:

Swiss:

PPI (MoM) (Sep) increased from -0.2% to -0.1%

Spain:

Spanish CPI (YoY) (Sep) increased from 2.6% to 3.5%

Spanish HICP (YoY) (Sep) increased from 2.4% to 3.3%

France:

French CPI (MoM) (Sep) decreased from 1.0% to -0.5%

French HICP (MoM) (Sep) decreased from 1.1% to -0.6%

Euro Zone:

Industrial Production (MoM) (Aug) increased from -1.1% to 0.6%

US/AMERICAS:

US Market Closings:

• Dow advanced 39.15 points or 0.12% to 33,670.29
• S&P 500 declined 21.83 points or -0.5% to 4,327.78
• Nasdaq declined 166.99 points or -1.23% to 13,407.23
• Russell 2000 declined 14.54 points or -0.84% to 1,719.71

Canada Market Closings:

• TSX Composite declined 37.38 points or -0.19% to 19,462.86
• TSX 60 declined 2.84 points or -0.24% to 1,169.97

Brazil Market Closing:

• Bovespa declined 1,317.6 points or -1.13% to 115,733.14

ENERGY:

The oil markets had a mixed day today:

• Crude Oil increased 3.494 USD/BBL or 4.21% to 86.404
• Brent increased 3.497 USD/BBL or 4.07% to 89.497
• Natural gas decreased 0.1184 USD/MMBtu or -3.54% to 3.2256
• Gasoline increased 0.0889 USD/GAL or 4.11% to 2.2539
• Heating oil increased 0.129 USD/GAL or 4.24% to 3.1739

The above data was collected around 12:02 EST.

•   Top commodity gainers: Crude Oil (4.21%), Heating Oil (4.24%), Silver (4.13%), and Rhodium (9.20%)
•   Top commodity losers: Milk (-0.77%), Palladium (-1.06%), Orange Juice (-1.12%), and Natural Gas (-3.54%)

The above data was collected around 12:13 EST.

BONDS:

Japan 0.765%(+1bp), US 2’s 5.05% (-0.019%), US 10’s 4.6269%(-8.41bps); US 30’s 4.78% (-0.091%), Bunds 2.73% (-5.3bp), France 3.312% (-3bp), Italy 4.778% (+2bp), Turkey 25.65% (+4bp), Greece 4.292% (+4.1bp), Portugal 3.506% (+0.2bp), Spain 3.876% (-2bp) and UK Gilts 4.384% (-4.1bp).

The above data was collected around 12:20 EST.