Tariffs are NOT Reciprocal
How did the Trump Administration come up with these tariff rates? Why would a nation like Madagascar, for example, with a small economy, be hit with a 47% tariff? Reciprocal [...]
Market Talk – September 25, 2024
ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 decreased 70.33 points or -0.19% to 37,870.26
• Shanghai increased 33.18 points or 1.16% to 2,896.31
• Hang Seng increased 128.54 points or 0.68% to 19,129.10
• ASX 200 decreased 15.60 points or -0.19% to 8,126.40
• SENSEX increased 255.83 points or 0.30% to 85,169.87
• Nifty50 increased 63.75 points or 0.25% to 26,004.15
The major Asian currency markets had a mixed day today:
• AUDUSD decreased 0.00855 or -1.24% to 0.68201
• NZDUSD decreased 0.00891 or -1.40% to 0.62629
• USDJPY increased 1.729 or 1.21% to 144.674
• USDCNY increased 0.03504 or 0.50% to 7.03525
The above data was collected around 13:09 EST.
Precious Metals:
• Gold decreased 4.01 USD/t oz. or -0.15% to 2,654.11
• Silver decreased 0.475 USD/t. oz. or -1.48% to 31.674
The above data was collected around 13:13 EST.
EUROPE/EMEA:
The major Europe stock markets had a negative day today:
• CAC 40 decreased 38.39 points or -0.50% to 7,565.62
• FTSE 100 decreased 14.06 points or -0.17% to 8,268.70
• DAX 30 decreased 78.13 points or -0.41% to 18,918.50
The major Europe currency markets had a mixed day today:
• EURUSD decreased 0.00594 or -0.53% to 1.11313
• GBPUSD decreased 0.01005 or -0.75% to 1.33260
• USDCHF increased 0.00822 or 0.98% to 0.84975
The above data was collected around 13:25 EST.
US/AMERICAS:
US Market Closings:
- Dow declined 293.47 points or -0.7% to 41,914.75
- S&P 500 declined 10.68 points or -0.19% to 5,722.25
- Nasdaq advanced 7.68 points or 0.04% to 18,082.21
- Russell 2000 declined 26.82 points or -1.21% to 2,197.17
Canada Market Closings:
- TSX Composite declined 45.12 points or -0.19% to 23,907.1
- TSX 60 declined 2.72 points or -0.19% to 1,432.68
Brazil Market Closing:
- Bovespa declined 558.92 points or -0.42% to 131,596.84
ENERGY:
The oil markets had a mixed day today:
• Crude Oil decreased 1.976 USD/BBL or -2.76% to 69.584
• Brent decreased 1.904 USD/BBL or -2.53% to 73.266
• Natural gas increased 0.06 USD/MMBtu or 2.35% to 2.6110
• Gasoline decreased 0.0437 USD/GAL or -2.15% to 1.9874
• Heating oil decreased 0.0267 USD/GAL or -1.22% to 2.1574
The above data was collected around 13:30 EST.
• Top commodity gainers: Natural Gas (2.35%), Palm Oil (2.01%), Oat (2.09%) and Sugar (1.60%)
• Top commodity losers: HRC Steel (-2.93%), Crude Oil (-2.76%), Palladium (-2.24%) and Brent (-2.53%)
The above data was collected around 13:42 EST.
BONDS:
Japan 0.8130% (+0.2bp), US 2’s 3.55% (+0.005%), US 10’s 3.7790% (+4.6bps); US 30’s 4.13% (+0.047%), Bunds 2.1720% (+3.6bp), France 2.966% (+5.2bp), Italy 3.5190% (+3.9bp), Turkey 28.275% (-3.5bp), Greece 3.151% (-2.2bp), Portugal 2.7590% (+5.7bp); Spain 2.979% (+6.3bp) and UK Gilts 3.9960% (+5.38bp)
The above data was collected around 14:00 EST.
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ASIA: The major Asian stock markets had a negative day today: • NIKKEI 225 decreased 989.94 points or -2.77% to 34,735.93 • Shanghai decreased 8.12 points or -0.24% to 3,342.01 [...]
