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 – October 8, 2024
ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 decreased 395.20 points or -1.00% to 38,937.54
• Shanghai increased 153.28 points or 4.59% to 3,489.78
• Hang Seng decreased 2,172.99 points or -9.41% to 20,926.79
• ASX 200 decreased 28.50 points or -0.35% to 8,176.90
• SENSEX increased 584.81 points or 0.72% to 81,634.81
• Nifty50 increased 217.40 points or 0.88% to 25,013.15
The major Asian currency markets had a mixed day today:
• AUDUSD decreased 0.00169 or -0.25% to 0.67384
• NZDUSD decreased 0.0009 or -0.15% to 0.61184
• USDJPY increased 0.105 or 0.07% to 148.235
• USDCNY increased 0.00426 or 0.06% to 7.07081
The above data was collected around 13:41 EST.
Precious Metals:
• Gold decreased 27.41 USD/t oz. or -1.04% to 2,615.52
• Silver decreased 1.282 USD/t. oz. or -4.05% to 30.358
The above data was collected around 13:44 EST.
EUROPE/EMEA:
The major Europe stock markets had a negative day today:
• CAC 40 decreased 54.70 points or -0.72% to 7,521.32
• FTSE 100 decreased 113.01 points or -1.36% to 8,190.61
• DAX 30 decreased 37.63 points or -0.20% to 19,066.47
The major Europe currency markets had a mixed day today:
• EURUSD decreased 0.0003 or -0.03% to 1.09712
• GBPUSD increased 0.00004 or 0.00% to 1.30847
• USDCHF increased 0.0031 or 0.36% to 0.85763
The above data was collected around 13:49 EST.
US/AMERICAS:
US Market Closings:
- Dow advanced 126.13 points or 0.3% to 42,080.37
- S&P 500 advanced 55.19 points or 0.97% to 5,751.13
- Nasdaq advanced 259.01 points or 1.45% to 18,182.92
- Russell 2000 advanced 1.89 points or 0.09% to 2,194.98
Canada Market Closings:
- TSX Composite declined 30.2 points or -0.13% to 24,072.51
- TSX 60 declined 1.2 points or -0.08% to 1,441.95
Brazil Market Closing:
- Bovespa declined 466.93 points or -0.35% to 131,550.91
ENERGY:
The oil markets had a mixed day today:
• Crude Oil decreased 2.815 USD/BBL or -3.65% to 74.325
• Brent decreased 2.984 USD/BBL or -3.69% to 77.946
• Natural gas increased 0.0035 USD/MMBtu or 0.13% to 2.7495
• Gasoline decreased 0.0724 USD/GAL or -3.36% to 2.0793
• Heating oil decreased 0.0814 USD/GAL or -3.40% to 2.3110
The above data was collected around 13:51 EST.
• Top commodity gainers: Methanol (2.16%), Cheese (9.63%), Cocoa (1.55%) and Bitumen (3.21%)
• Top commodity losers: Crude Oil (-3.65%), Brent (-3.69%), Heating Oil (-3.40%) and Silver (-4.05%)
The above data was collected around 13:55 EST.
BONDS:
Japan 0.9260% (+0.03bp), US 2’s 3.97% (-0.031%), US 10’s 4.0340% (+0.1bps); US 30’s 4.32% (+0.009%), Bunds 2.2460% (-0.4bp), France 3.012% (-0.9bp), Italy 3.5520% (-1.6bp), Turkey 29.970% (+194bp), Greece 3.200% (-1.1bp), Portugal 2.7450% (-2.8bp); Spain 2.993% (-1.8bp) and UK Gilts 4.1870% (-2.96bp)
The above data was collected around 13:59 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 [...]
