Europe’s Welfare State at Risk
European Central Bank President Christine Lagarde has warned that Europe’s bolstering welfare state is at risk due to its declining economic environment. Lagarde said the EU “will not be able [...]
Market Talk – August 5, 2024
ASIA:
The major Asian stock markets had a negative day today:
• NIKKEI 225 decreased 4,451.28 points or -12.40% to 31,458.42
• Shanghai decreased 44.64 points or -1.54% to 2,860.70
• Hang Seng decreased 247.15 points or -1.46% to 16,698.36
• ASX 200 decreased 293.60 points or -3.70% to 7,649.60
• KOSPI decreased 234.64 points or -8.77% to 2,441.55
• SENSEX decreased 2,222.55 points or -2.74% to 78,759.40
• Nifty50 decreased 662.10 points or -2.68% to 24,055.60
The major Asian currency markets had a negative day today:
• AUDUSD decreased 0.00231 or -0.35% to 0.64864
• NZDUSD decreased 0.00275 or -0.46% to 0.59284
• USDJPY decreased 2.965 or -2.02% to 143.531
• USDCNY decreased 0.02785 or -0.39% to 7.13243
The above data was collected around 15:15 EST.
Precious Metals:
• Gold decreased 33.88 USD/t oz. or -1.39% to 2,408.92
• Silver decreased 1.447 USD/t. oz. or -5.07% to 27.117
The above data was collected around 15:17 EST.
EUROPE/EMEA:
The major Europe stock markets had a negative day today:
• CAC 40 decreased 102.81 points or -1.42% to 7,148.99
• FTSE 100 decreased 166.48 points or -2.04% to 8,008.23
• DAX 30 decreased 322.22 points or -1.82% to 17,339.00
The major Europe currency markets had a mixed day today:
• EURUSD increased 0.00395 or 0.36% to 1.09496
• GBPUSD decreased 0.00376 or -0.29% to 1.27630
• USDCHF decreased 0.00614 or -0.72% to 0.85115
The above data was collected around 15:28 EST.
US/AMERICAS:
US Market Closings:
- Dow declined 1,033.99 points or -2.6% to 38,703.27
- S&P 500 declined 160.23 points or -3% to 5,186.33
- Nasdaq declined 576.08 points or -3.43% to 16,200.08
- Russell 2000 declined 70.15 points or -3.33% to 2,039.16
Canada Market Closings:
- TSX Composite declined 495.58 points or -2.18% to 22,227.63
- TSX 60 declined 28.14 points or -2.07% to 1,329.97
Brazil Market Closing:
- Bovespa declined 638.06 points or -0.51% to 125,216.03
ENERGY:
The oil markets had a mixed day today:
• Crude Oil decreased 0.084 USD/BBL or -0.11% to 73.436
• Brent increased 0.042 USD/BBL or 0.05% to 76.852
• Natural gas decreased 0.0277 USD/MMBtu or -1.41% to 1.9393
• Gasoline increased 0.0177 USD/GAL or 0.76% to 2.3442
• Heating oil decreased 0.0211 USD/GAL or -0.91% to 2.3093
The above data was collected around 15:36 EST.
• Top commodity gainers: HRC Steel (1.32%), Soybeans (1.27%), Cocoa (6.95%) and Rice (2.01%)
• Top commodity losers: Potatoes (-5.35%), Palladium (-5.70%), Platinum (-5.03%) and Silver (-5.07%)
The above data was collected around 15:53 EST.
BONDS:
Japan 0.7540% (-20.49bp), US 2’s 3.89% (-0.005%), US 10’s 3.7620% (-3.1bps); US 30’s 4.05% (-0.059%), Bunds 2.1720% (+1.2bp), France 2.978% (+2.1bp), Italy 3.6850% (+5.8bp), Turkey 28.320% (+228bp), Greece 3.327% (+2.3bp), Portugal 2.840% (-2.1bp); Spain 3.050% (-0.8bp) and UK Gilts 3.8680% (+3.04bp)
The above data was collected around 15:56 EST.
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