Market Talk – Thursday, March 12

Global equity markets faced a broad selloff on Thursday as the Nasdaq tumbled 1.78% and the Dow dropped over 700 points. Despite the sharp decline in stocks, crude oil prices surged nearly 9% to $95.04 per barrel.

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Louis Hansel - Unsplash

ASIA:

The major Asian stock markets had a negative day today:

• NIKKEI 225 decreased 572.41 points or -1.04% to 54,452.96

• Shanghai decreased 4.331 points or -0.10% to 4,129.103

• Hang Seng decreased 182.00 points or -0.70% to 25,716.76

• ASX 200 decreased 114.50 points or -1.31% to 8,629.00

• SENSEX decreased 829.29 points or -1.08% to 76,034.42

• Nifty50 decreased 227.70 points or -0.95% to 23,639.15

The major Asian currency markets had a mixed day today:

• AUDUSD decreased 0.00579 or -0.81% to 0.70937

• NZDUSD decreased 0.00508 or -0.86% to 0.58632

• USDJPY increased 0.181 or 0.11% to 159.134

• USDCNY increased 0.00108 or 0.02% to 6.87780

The above data was collected around 13:05 EST.

Precious Metals:

•  Gold decreased 51.54 USD/t oz. or -1.00% to 5,127.96

•  Silver decreased 0.408 USD/t. oz. or -0.48% to 85.330

The above data was collected around 13:07 EST.

EUROPE/EMEA:

The major Europe stock markets had a negative day today:

•  CAC 40 decreased 57.37 points or -0.71% to 7,984.44

•  FTSE 100 decreased 48.62 points or -0.47% to 10,305.15

•  DAX 30 decreased 50.38 points or -0.21% to 23,589.65

The major Europe currency markets had a mixed day today:

• EURUSD decreased 0.00399 or -0.34% to 1.15272

• GBPUSD decreased 0.00583 or -0.43% to 1.33536

• USDCHF increased 0.00354 or 0.45% to 0.78431

The above data was collected around 13:22 EST.

AMERICAS:

  • Dow declined by 739.42 points (-1.56%) to 46,677.85

  • S&P 500 declined by 103.18 points (-1.52%) to 6,672.62

  • NASDAQ declined by 404.16 points (-1.78%) to 22,311.979

  • Russell 2000 declined by 53.91 points (-2.12%) to 2,488.99

Canada Market Closings:

  • TSX Composite declined by 279.23 points (-0.84%) to 32,840.60

  • TSX 60 declined by 13.39 points (-0.70%) to 1,903.45

Brazil Market Closing:

  • Bovespa declined by 4,684.86 points (-2.55%) to 179,284.49

ENERGY:

The oil markets had a mixed day today:

•  Crude Oil increased 7.791 USD/BBL or 8.93% to 95.041

•  Brent increased 7.511 USD/BBL or 8.17% to 99.491

•  Natural gas decreased 0.0167 USD/MMBtu or -0.52% to 3.1923

•  Gasoline increased 0.1327 USD/GAL 4.76% to 2.9210

•  Heating oil increased 0.2081 USD/GAL or 5.66% to 3.8869

The above data was collected around 13:30 EST.

•  Top commodity gainers: Heating Oil (5.66%), Crude Oil (8.93%), Gasoline (4.76%) and Brent (8.17%)

•  Top commodity losers: Oat (-3.49%), Cocoa (-2.89%), Methanol (-14.59%) and Platinum (-2.66%)

The above data was collected around 13:34 EST.

BONDS:

Japan 2.1880% (+2.22bp), US 2’s 3.73% (+0.071%), US 10’s 4.2430% (+1.2bps); US 30’s 4.86 (-0.021%), Bunds 2.9483% (+1.65bp), France 3.6120% (+4.85bp), Italy 3.7410% (+9.46bp), Turkey 32.310% (+271bp), Greece 3.710% (+7.8bp), Portugal 3.410% (+6.5bp); Spain 3.452% (+6.4bp) and UK Gilts 4.7140% (+8.74bp)

The above data was collected around 13:37 EST.

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