Why the Fed Cannot Reduce Rates to Offset Tariffs
President Donald Trump is urging the Fed to cut interest rates to offset the inflation that will be caused by tariffs. “The Fed would be MUCH better off CUTTING RATES [...]
Market Talk – March 20, 2025
ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 closed
• Shanghai decreased 17.48 points or -0.51% to 3,408.95
• Hang Seng decreased 551.19 points or -2.23% to 24,219.95
• ASX 200 increased 90.60 points or 1.16% to 7,918.90
• SENSEX increased 899.01 points or 1.19% to 76,348.06
• Nifty50 increased 283.05 points or 1.24% to 23,190.65
The major Asian currency markets had a mixed day today:
• AUDUSD decreased 0.00668 or -1.05% to 0.62904
• NZDUSD decreased 0.00428 or -0.74% to 0.57420
• USDJPY increased 0.102 or 0.07% to 148.795
• USDCNY increased 0.02252 or 0.31% to 7.25391
The above data was collected around 13:28 EST.
Precious Metals:
• Gold decreased 12.9 USD/t oz. or -0.42% to 3,037.07
• Silver decreased 0.502 USD/t. oz. or -1.48% to 33.401
The above data was collected around 13:35 EST.
EUROPE/EMEA:
The major Europe stock markets had a negative day today:
• CAC 40 decreased 77.27 points or -0.95% to 8,094.20
• FTSE 100 decreased 4.67 points or -0.05% to 8,701.99
• DAX 30 decreased 288.91 points or -1.24% to 22.999.15
The major Europe currency markets had a mixed day today:
• EURUSD decreased 0.006 or -0.55% to 1.08427
• GBPUSD decreased 0.00423 or -0.33% to 1.29607
• USDCHF increased 0.00407 or 0.46% to 0.88190
The above data was collected around 13:43 EST.
US/AMERICAS:
US Market Closings:
- Dow declined 11.31 points or -0.03% to 41,953.32
- S&P 500 declined 12.4 points or -0.22% to 5,662.89
- Nasdaq declined 59.16 points or -0.33% to 17,691.63
- Russell 2000 declined 13.67 points or -0.66% to 2,068.41
Canada Market Closings:
- TSX Composite declined 8.97 points or -0.04% to 25,060.24
- TSX 60 declined 1.71 points or -0.11% to 1,503.69
Brazil Market Closing:
- Bovespa declined 374.21 points or -0.28% to 132,134.24
ENERGY:
The oil markets had a mixed day today:
• Crude Oil increased 1.15 USD/BBL or 1.72% to 68.060
• Brent increased 1.175 USD/BBL or 1.66% to 71.955
• Natural gas decreased 0.2605 USD/MMBtu or -6.13% to 3.9865
• Gasoline increased 0.0151 USD/GAL or 0.70% to 2.1863
• Heating oil increased 0.0104 USD/GAL or 0.46% to 2.2502
The above data was collected around 13:47 EST.
• Top commodity gainers: Sugar (1.74%), Rhodium (4.91%), Bitumen (2.50%) and Orange Juice (2.47%)
• Top commodity losers: Platinum (-1.91%), Natural Gas (-6.13%), Palladium (-1.63%) and Canola (-1.76%)
The above data was collected around 14:00 EST.
BONDS:
Japan 1.5310% (-0.03bp), US 2’s 3.97% (-0.021%), US 10’s 4.2420% (+0.5bps); US 30’s 4.56% (+0.007%), Bunds 2.7805% (-1.75bp), France 3.4800% (+1bp), Italy 3.8510% (+1.05bp), Turkey 29.23% (+47bp), Greece 3.588% (-0.2bp), Portugal 3.296% (+3.5bp); Spain 3.413% (+2.4bp) and UK Gilts 4.6580% (+1.62bp)
The above data was collected around 14:14 EST.
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