Market Talk – Thursday, Feb. 20

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 increased 78.45 points or 0.34% to 23,479.15
  • Shanghai increased 54.75 points or 1.84% to 3,030.15
  • Hang Seng decreased 46.65 points or -0.17% to 27,609.16
  • ASX 200 increased 17.90 points or 0.25% to 7,162.50
  • Kospi decreased 14.84 points or -0.67% to 2,195.50
  • SENSEX decreased 152.88 points or -0.37% to 41,170.12

The major Asian currency markets had a mixed day today:

  • AUDUSD decreased 0.0067 or 1.00% to 0.6616
  • NZDUSD decreased 0.0054 or 0.85% to 0.6334
  • USDJPY increased 0.8360 or 0.75% to 112.0650
  • USDCNY increased 0.0376 or 0.54% to 7.04582

Precious Metals:

  • Gold increased 8.51 USD/t oz. or 0.53% to 1,617.22
  • Silver decreased 0.0557 USD/t. oz or -0.30% to 18.3577

Some economic news from last night:

Australia:

Employment Change (Jan) decreased from 28.9K to 13.5K

Full Employment Change (Jan) increased from -0.3K to 46.2K

Participation Rate (Jan) increased from 66.0% to 66.1%

Unemployment Rate (Jan) increased from 5.1% to 5.3%

New Zealand:

PPI Input (QoQ) (Q4) decreased from 0.9% to 0.1%

PPI Output (QoQ) (Q4) decreased from 1.0% to 0.4%

China:

PBoC Loan Prime Rate decreased from 4.15% to 4.05%

Japan:

Foreign Bonds Buying decreased from 1,635.1B to 1,420.5B

Foreign Investments in Japanese Stocks decreased from 283.7B to -214.4B

South Korea:

PPI (MoM) (Jan) decreased from 0.3% to 0.2%

PPI (YoY) (Jan) increased from 0.7% to 1.0%

Some economic news from today:

India:

FX Reserves, USD remain the same at 473.00B

Indonesia:

Deposit Facility Rate (Feb) decreased from 4.25% to 4.00%

Lending Facility Rate (Feb) decreased from 5.75% to 5.50%

Interest Rate Decision decreased from 5.00% to 4.74%

China:

Chinese Total Social Financing (Jan) increased from 2,103.0B to 5,070.0B

M2 Money Stock (YoY) (Jan) decreased from 8.7% to 8.4%

New Loans (Jan) increased from 1,140.0B to 3,340.0B

Outstanding Loan Growth (YoY) (Jan) decreased from 12.3% to 12.1%

Hong Kong:

CPI (YoY) (Jan) decreased from 2.90% to 1.40%

EUROPE/EMEA:

European Union is pushing to promote technology companies to thrive in the union after they recognized they are falling behind the likes of Google, Microsoft, as well as Chinese companies. They recently held a summit where they said they wish to regulate data and AI more effectively.

The UK gave the green light to Chinese company Huawei to start developing on the 5G network. Huawei has since opened up a 5G innovation center in London, with a spokesman boasting they are the only vendor in the world who can viably offer 5G networks for limited site usage.

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Disclosure: None.

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