Market Talk – Wednesday, March 24

After suspending flights last fall at the beginning of the coronavirus pandemic, WestJet has announced that it will resume flights from six airports in Eastern Canada at the end of June. Flights to Quebec City and Atlantic Canada will be adjusted based on demand, and West Jet’s Chief Commercial Officer John Weatherill said he expects demand to be very high this summer. “Our focus remains on the safe restart of air travel. We ask that federal and provincial governments work with us to provide clarity and certainty to Canadians, including travel policies that support economic recovery and restore jobs,” said WestJet CEO Ed Sims.

US Market Closings:

  • Dow declined -3.09 points or -0.01% to 32,420.06
  • S&P 500declined 21.38 points or -0.55% to 3,889.14
  • Nasdaq declined 265.81 points or -2.01% to 12,961.89
  • Russell 2000declined 51.42 points or -2.35% to 2,134.27

Canada Market Closings:

  • TSX Composite declined 41.51 points or -0.22% to 18,628.29
  • TSX 60declined -1.09 points or -0.1% to 1,114.68

Brazil Market Closing:

  • Bovespadeclined 1,197.61 points or -1.06% to 112,064.19

ENERGY:

The oil markets had a green day today:

  • Crude Oil increased 3.17 USD/BBL or 5.49% to 60.9300
  • Brent increased 3.4 USD/BBL or 5.59% to 64.1900
  • Natural gas increased 0.019 USD/MMBtu or 0.76% to 2.5270
  • Gasoline increased 0.089 USD/GAL or 4.69% to 1.9854
  • Heating oil increased 0.0704 USD/GAL or 4.03% to 1.8193
  • Top commodity gainers: Crude Oil (5.49%), Brent (5.59%), Gasoline (4.69%) and Heating Oil (4.03%)
  • Top commodity losers: Wheat (-1.58%), Rubber (-1.89%), Cotton (-1.46%), and Copper (-1.24%)

The above data was collected around 14:55 EST on Wednesday.

BONDS:

Japan 0.07%(-1bp), US 2’s 0.14%(-0.004%), US 10’s 1.62%(-2bps); US 30’s 2.32%(-0.027%), Bunds -0.36% (+2bp), France -0.11% (-1bp), Italy 0.59% (-1bp), Turkey 17.05% (-122bp), Greece 0.86% (-1bp), Portugal 0.16% (-2bp); Spain 0.28% (-3bp) and UK Gilts 0.75% (-1bp).

  • US 5-Year Note Auction increased from 0.621% to 0.850%
  • German 10-Year Bund Auction decreased from -0.320% to -0.360%
1 2 3 4
View single page >> |

Disclosure: None.

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.