Market Talk – August 1, 2024

ASIA:

The major Asian stock markets had a mixed day today:

• NIKKEI 225 decreased 975.49 points or -2.49% to 38,126.33
• Shanghai decreased 6.36 points or -0.22% to 2,932.39
• Hang Seng decreased 39.64 points or -0.23% to 17,304.96
• ASX 200 increased 22.40 points or 0.28% to 8,114.70
• KOSPI increased 6.99 points or 0.25% to 2,777.68
• SENSEX increased 126.21 points or 0.15% to 81,867.55
• Nifty50 increased 59.75 points or 0.24% to 25,010.90

The major Asian currency markets had a mixed day today:

• AUDUSD decreased 0.00574 or -0.88% to 0.64908
• NZDUSD decreased 0.00064 or -0.11% to 0.59449
• USDJPY decreased 0.109 or -0.07% to 149.677
• USDCNY increased 0.03017 or 0.42% to 7.25478

The above data was collected around 14:42 EST.

Precious Metals:

•  Gold decreased 8.21 USD/t oz. or -0.34% to 2,437.53
•  Silver decreased 0.751 USD/t. oz. or -2.59% to 28.293

The above data was collected around 14:51 EST.

EUROPE/EMEA:

The major Europe stock markets had a negative day today:

•  CAC 40 decreased 161.04 points or -2.14% to 7,370.45
•  FTSE 100 decreased 84.62 points or -1.01% to 8,283.36
•  DAX 30 decreased 425.60 points or -2.30% to 18,083.05

The major Europe currency markets had a negative day today:

• EURUSD decreased 0.00398 or -0.37% to 1.07840
• GBPUSD decreased 0.01256 or -0.98% to 1.27272
• USDCHF decreased 0.00533 or -0.61% to 0.87290

The above data was collected around 14:59 EST.

US/AMERICAS:

US Market Closings:

• Dow declined 494.82 points or -1.21% to 40,347.97
• S&P 500 declined 75.62 points or -1.37% to 5,446.68
• Nasdaq declined 405.26 points or -2.3% to 17,194.15
• Russell 2000 declined 68.32 points or -3.03% to 2,186.16

Canada Market Closings:

• TSX Composite declined 387.6 points or -1.68% to 22,723.21
• TSX 60 declined 22.84 points or -1.65% to 1,358.11

Brazil Market Closing:

• Bovespa declined 256.71 points or -0.2% to 127,395.1

ENERGY:

The oil markets had a negative day today:

•  Crude Oil decreased 1.389 USD/BBL or -1.78% to 76.521
•  Brent decreased 1.04 USD/BBL or -1.29% to 79.680
•  Natural gas decreased 0.0675 USD/MMBtu or -3.31% to 1.9718
•  Gasoline decreased 0.0583 USD/GAL or -2.37% to 2.4006
•  Heating oil decreased 0.0385 USD/GAL or -1.57% to 2.4130

The above data was collected around 15:02 EST.

•  Top commodity gainers: Steel (1.90%), Wheat (1.09%), Oat (2.83%) and Potatoes (2.17%)
•  Top commodity losers: Copper (-3.33%), Corn (-4.12%), Cocoa (-6.63%) and Natural Gas (-3.31%)

The above data was collected around 15:09 EST.

BONDS:

Japan 1.0350% (-2.61bp), US 2’s 4.17% (-0.095%), US 10’s 3.9800% (-5.5bps); US 30’s 4.27% (-0.038%), Bunds 2.2450% (-5.7bp), France 2.988% (-2.5bp), Italy 3.6430% (-1bp), Turkey 28.235% (+165.5bp), Greece 3.331% (-1.9bp), Portugal 2.885% (-4.5bp); Spain 3.087% (-1.1bp) and UK Gilts 3.8920% (-7.78bp)

The above data was collected around 15:15 EST.