Market Talk – November 17, 2022

Asia:

Major Asian stock markets had a mixed day today:

  • NIKKEI 225 fell 97.73 points, or -0.35%, to 27,930.57
  • The Shanghai index fell 4.55 points, or -0.15%, to 3,115.43 points.
  • Hang Seng Index fell 210.82 points, or -1.15%, to 18,045.66.
  • The Kospi Index fell 34.55 points, or -1.39%, to 2,442.90.
  • The ASX 200 rose 13.50 points, or 0.19%, to 7,135.70.
  • SENSEX shares fell 230.12 points, or -0.37%, to 61,750.60.
  • Nifty50 fell 65.75 points, or -0.36%, to 18,343.90

The major Asian currency markets had a mixed day today:

  • AUDUSD fell 0.00864, ​​or -1.28%, to 0.66523
  • NZDUSD fell 0.00607, or -0.99%, to 0.60863
  • USDJPY rose 1.209, or 0.87%, to 140.597
  • USDCNY rose 0.06813, or 0.96%, to 7.17533

Precious metals:

  • Gold decreased by $16.77/ton ounce. or -0.95% to 1,757.00
  • The silver price decreased by $0.645/ton. ounces or -3.00% to 20.830

Some economic news from last night:

Japan:

The revised Trade Balance fell from -2.04T to -2.30T

Exports (YoY) (Oct) decreased from 28.9% to 25.3%

Trade Balance (Oct) decreased from -2,094.3B to -2,162.3B

Australia :

Employment Change (Oct) increased from -3.8K to 32.2K

Full Employment Change (Oct) increased from 10.9K to 47.1K

Unemployment rate decreased (Oct) from 3.5% to 3.4%

New Zealand:

Input PPI (QoQ) (Q3) decreased from 3.1% to 0.8%

Some economic news from today:

China:

Foreign Direct Investment (Oct) decreased from 15.60% to 14.40%

India:

M3 money supply decreased from 9.1% to 7.8%

Hong Kong:

Unemployment rate decreased (Oct) from 3.9% to 3.8%

Europe/EMEA:

Major European stock markets had a mixed day:

  • The CAC 40 fell 31.10 points, or -0.47%, to 6,576.12.
  • The FTSE 100 fell 4.65 points, or -0.06%, to 7,346.54
  • The DAX 30 rose 32.35 points, or 0.23%, to 14,266.38.

The major European currency markets had a mixed day today:

  • EURUSD fell 0.00657, or -0.63%, to 1.03278
  • GBPUSD fell 0.01231, or -1.03%, to 1.17920
  • USDCHF rose 0.0106, or 1.12%, to 0.95490

Some economic news from Europe today:

Euro-zone:

Core CPI (YoY) increased (Oct) from 4.8% to 5.0%

CPI (YoY) increased (October) from 9.9% to 10.6%

CPI (MoM) increased (Oct) from 1.2% to 1.5%

United States / America:

St. Louis Federal Reserve Bank President James Bullard stated that rate hikes have had a “limited” effect on inflation so far. Bullard, a voting member of the Federal Open Market Committee, said they will need to implement additional restrictive policies to combat the problem. In fact, Bullard said 5% might be a low estimate of where rates have to go, suggesting it could be as high as 7%.

US market close:

  • The Dow fell 7.51 points, or -0.02%, to 33,546.32.
  • The S&P 500 fell 12.23 points, or -0.31%, to 3,946.56.
  • The Nasdaq fell 38.7 points, or 0.35%, to 11,144.96.
  • Russell 2000 fell 14.04 points, or -0.76%, to 1,839.12

Canada market closing:

  • The TSX Composite Index fell 73.38 points, or -0.37%, to 19,884.58.
  • The TSX 60 Index fell 2.93 points, or -0.24%, to 1,207.24.

Brazil Market Close:

  • Bovespa fell 540.55 points, or -0.49%, to 109,702.78.

energy:

The oil markets had a mixed day today:

  • Crude Oil fell $3.738/BBL, or -4.37%, to 81.852
  • Brent fell $2.933/BBL, or -3.16%, to 89.927.
  • Natural gas rose $0.1885/mmbtu, or 3.04%, to 6.3885
  • Gasoline fell $0.0725/gallon, or -2.89%, to 2.4355
  • Heating oil fell $0.1207/gallon, or -3.34%, to 3.4929

The above data was collected at approximately 11:55 a.m. EST on Thursday

  • Top commodity gainers: natural gas (3.04%), wood (0.47%), milk (0.29%) and iron ore 62% iron (0.81%)
  • The biggest losers in commodities: Crude Oil (-4.37%), Brent (-3.16%), Palm Oil (-4.28%) and Palladium (-3.49%).

The above data was collected at approximately 12:07 a.m. EST on Thursday.

Bonds:

Japan’s 0.255% (+1bp), US2’s 4.46% (+0.100%), US10’s 3.7620% (+6.8bps); US 30 3.88% (+0.023%), Bonds 2.015% (+1.4bp), France 2.491% (+0.2bp), Italy 3.926% (-1.5bp), Turkey 11.51% (-7bp) , Greece 4.287% (+2.2 bps), Portugal 2.991% (+0.8 bps); Spain 3.055% (+2.4 bps) and British Bonds 3.200% (+5.7 bps).

Market Talk – November 16, 2022

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