Market Talk – November 22, 2022

Asia:

Major Asian stock markets had a mixed day today:

  • And the NIKKEI 225 increased by 170.95 points, or 0.61%, to 28,115.74 points.
  • The Shanghai index rose 3.90 points, or 0.13%, to 3,088.94 points
  • Hang Seng Index fell 231.50 points, or -1.31%, to 17,424.41.
  • The Kospi Index fell 14.23 points, or -0.59%, to 2,405.27.
  • The ASX 200 rose 42.00 points, or 0.59%, to 7,181.30
  • Sensex shares rose 274.12 points, or 0.45 percent, to 61,418.96 points.
  • Nifty50 rose 84.25 points, or 0.46%, to 18,244.20

The major Asian currency markets had a mixed day today:

  • AUDUSD rose 0.00291, or 0.44%, to 0.66330
  • NZDUSD rose 0.00467, or 0.77%, to 0.61427
  • USDJPY fell 0.747, or -0.53%, to 141.392
  • USDCNY fell 0.03074, or -0.43%, to 7.14796.

Precious metals:

  • Gold rose by $2.4/ton oz. or 0.14% to 1,740.21
  • Silver rose by $0.166/ton. ounces or 0.80% to 21.008

Some economic news from last night:

New Zealand:

Trade Balance (Oct) decreased from -1,696M to 2,129M

Trade Balance (YoY) decreased (Oct) from -12,030M to -12,880M

Some economic news from today:

Japan:

Bank of Japan core CPI (yoy) increased from 2.0% to 2.7%

Europe/EMEA:

Major European stock markets had a green day:

  • The CAC 40 rose 23.08 points, or 0.35%, to 6,657.53 points.
  • The FTSE 100 rose 75.99 points, or 1.03%, to 7,452.84.
  • The DAX 30 rose 42.42 points, or 0.29%, to 14,422.35.

The major European currency markets had a mixed day today:

  • EURUSD rose 0.00361, or 0.35%, to 1.02774
  • GBPUSD rose 0.00512, or 0.43%, to 1.18715
  • USDCHF fell 0.00572, or -0.60%, to 0.95328

Some economic news from Europe today:

United kingdom:

Public sector net borrowing (Oct) decreased from 16.94B to 12.73B

Public sector net cash requirements (Oct) decreased from 9.992B to 9.732B

Euro-zone:

Current account (September) increased from -26.3B to -8.1B

NSA Current Account Size (September) increased from -20.2B to 3.8B

Consumer Confidence (November) increased from -27.5 to -23.9

United States / America:

US market close:

  • The Dow advanced 397.82 points, or 1.18%, to 34,098.1
  • The S&P 500 advanced 53.64 points, or 1.36%, to 4,003.58.
  • The Nasdaq advanced 149.9 points, or 1.36%, to 11,174.41
  • Russell 2000 advanced 21.3 points, or 1.16%, to 1,860.44.

Canada market closing:

  • The TSX Composite advanced 242.88 points, or 1.22%, to 20,220.01.
  • TSX 60 advanced 14.05 points, or 1.16%, to 1,227.18

Brazil Market Close:

  • Bovespa fell 711.64 points, or -0.65%, to 109,036.54.

energy:

The oil markets had a mixed day today:

  • Crude Oil rose $1.35/BBL, or 1.69%, to 81.390
  • Brent crude rose $1.655/BBL, or 1.89%, to 89.105
  • Natural gas rose $0.1468/mmbtu, or 2.17%, to 6.9228
  • Gasoline increased $0.0851/gallon, or 3.49%, to 2.5222
  • Heating oil fell $0.0221/gallon, or -0.63%, to 3.4752.

The above data was collected at approximately 11:31 a.m. EST on Tuesday

  • Top gainers in commodities: gasoline (3.49%), rubber (3.01%), cotton (2.83%) and palm oil (3.87%)
  • The biggest losers in commodities: wheat (-1.03%), heating oil (-0.63%), zinc (-0.53%) and palladium (-0.55%).

The above data was collected at approximately 11:37 a.m. EST on Tuesday.

Bonds:

Japan 0.245% (+0 bp), US 2’s 4.52% (-0.025%), US 10’s 3.7708% (-5.62 bp); US 30 3.84% (-0.067%), Bonds 1.978% (+0.1bp), France 2.45% (-1bp), Italy 3.91% (-1.7bp), Turkey 10.65% (-38bp) , Greece 4.235% (-0.5 basis points BP), Portugal 2.935% (-0.4 basis points BP); Spain 2.989% (+0.5 basis points) and British Bonds 3.128% (-5.1 basis points).

Market Talk – November 21, 2022

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