Trump’s Tariffs are Winning
I have said on various podcasts that a 10% tariff is really a tariff. Beyond that, it is political to force free trade. Most countries are dropping tariffs on [...]
Market Talk – October 17, 2024
ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 decreased 269.11 points or -0.69% to 38,911.19
• Shanghai decreased 33.56 points or -1.05% to 3,169.38
• Hang Seng decreased 207.75 points or -1.02% to 20,079.10
• ASX 200 increased 71.20 points or 0.86% to 8,355.90
• SENSEX decreased 494.75 points or -0.61% to 81,006.61
• Nifty50 decreased 221.45 points or -0.89% to 24,749.85
The major Asian currency markets had a mixed day today:
• AUDUSD increased 0.00297 or 0.45% to 0.66943
• NZDUSD decreased 0.00007 or -0.01% to 0.60574
• USDJPY increased 0.682 or 0.46% to 150.244
• USDCNY increased 0.00627 or 0.09% to 7.14010
The above data was collected around 12:26 EST.
Precious Metals:
• Gold increased 13.4 USD/t oz. or 0.50% to 2,687.45
• Silver decreased 0.222 USD/t. oz. or -0.70% to 31.524
The above data was collected around 12:29 EST.
EUROPE/EMEA:
The major Europe stock markets had a green day today:
• CAC 40 increased 91.73 points or 1.22% to 7,583.73
• FTSE 100 increased 56.06 points or 0.67% to 8,385.13
• DAX 30 increased 150.58 points or 0.77% to 19,583.39
The major Europe currency markets had a mixed day today:
• EURUSD decreased 0.0035 or -0.32% to 1.08238
• GBPUSD increased 0.00112 or 0.09% to 1.30020
• USDCHF increased 0.00047 or 0.05% to 0.86589
The above data was collected around 12:38 EST.
US/AMERICAS:
US Market Closings:
- Dow advanced 161.35 points or 0.37% to 43,239.05
- S&P 500 declined 1 point or -0.02% to 5,841.47
- Nasdaq advanced 6.53 points or 004% to 18,373.61
- Russell 2000 declined 5.82 points or -0.25% to 2,280.85
Canada Market Closings:
- TSX Composite advanced 129.28 points or 0.53% to 24,690.48
- TSX 60 advanced 8.53 points or 0.58% to 1,478.84
Brazil Market Closing:
- Bovespa declined 895.99 points or -0.6% to 10,853.73
ENERGY:
The oil markets had a mixed day today:
• Crude Oil decreased 0.06 USD/BBL or -0.09% to 70.330
• Brent decreased 0.162 USD/BBL or -0.22% to 74.058
• Natural gas decreased 0.0037 USD/MMBtu or -0.16% to 2.3633
• Gasoline decreased 0.0172 USD/GAL or -0.84% to 2.0335
• Heating oil increased 0.0033 USD/GAL or 0.15% to 2.1835
The above data was collected around 12:40 EST.
• Top commodity gainers: Canola (1.76%), Cheese (8.58%), Oat (1.55%) and Palladium (1.67%)
• Top commodity losers: Bitumen (-1.75%), Steel (-4.32%), Orange Juice (-1.92%) and Methanol (-2.09%)
The above data was collected around 12:58 EST.
BONDS:
Japan 0.9650% (+1.01bp), US 2’s 3.99% (+0.041%), US 10’s 4.0960% (+7.8bps); US 30’s 4.39% (+0.090%), Bunds 2.205% (+2.8bp), France 2.943% (+2.5bp), Italy 3.4070% (-0.3bp), Turkey 27.270% (+0bp), Greece 3.057% (-1.6bp), Portugal 2.649% (+0.1bp); Spain 2.906% (+0.2bp) and UK Gilts 4.0990% (+3.1bp)
The above data was collected around 13:05 EST.
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