Market Talk - Friday, Jan. 14

ASIA:

The major Asian stock markets had a negative day today:

  • NIKKEI 225 decreased 364.85 points or -1.28% to 28,124.28
  • Shanghai decreased 34.00 points or -0.96% to 3,521.26
  • Hang Seng decreased 46.45 points or -0.19% to 24,383.32
  • ASX 200 decreased 80.50 points or -1.08% to 7,393.90
  • Kospi decreased 40.17 points or -1.36% to 2,921.92
  • SENSEX decreased 12.27 points or -0.02% to 61,223.03
  • Nifty50 decreased 2.05 points or -0.01% to 18,255.75

The major Asian currency markets had a negative day today:

  • AUDUSD decreased 0.00517 or -0.71% to 0.72317
  • NZDUSD decreased 0.00527 or -0.77% to 0.68187
  • USDJPY decreased 0.36 or -0.32% to 113.76
  • USDCNY decreased 0.00831 or -0.13% to 6.35454

Precious Metals:

  • Gold decreased 1.06 USD/t oz. or -0.06% to 1,821.03
  • Silver decreased 0.135 USD/t. oz or -0.58% to 22.937

Some economic news from last night:

China:

China Thomson Reuters IPSOS PCSI (Jan) decreased from 67.95 to 67.76

Exports (YoY) (Dec) decreased from 22.0% to 20.9%

Imports (YoY) (Dec) decreased from 31.7% to 19.5%

Trade Balance (USD) (Dec) increased from 71.72B to 94.46B

Japan:

Thomson Reuters IPSOS PCSI (Jan) decreased from 44.97 to 44.28

Foreign Bonds Buying increased from -416.5B to 617.3B

Foreign Investments in Japanese Stocks increased from 17.1B to 781.1B

PPI (MoM) (Dec) decreased from 0.7% to -0.2%

PPI (YoY) (Dec) decreased from 9.2% to 8.5%

South Korea:

Interest Rate Decision (Jan) increased from 1.00% to 1.25%

Australia:

Home Loans (MoM) increased from -4.1% to 7.6%

Invest Housing Finance (MoM) increased from 1.1% to 3.8%

Some economic news from today

India:

WPI Food (YoY) (Dec) increased from 4.88% to 9.56%

WPI Fuel (YoY) (Dec) decreased from 39.81% to 32.30%

WPI Inflation (YoY) (Dec) decreased from 14.23% to 13.56%

WPI Manufacturing Inflation (YoY) (Dec) decreased from 11.92% to 10.62%

M3 Money Supply increased from 9.3% to 9.9%

Bank Loan Growth increased from 7.3% to 9.2%

Deposit Growth increased from 9.6% to 10.3%

Exports (USD) (Dec) increased from 37.29B to 37.81B

FX Reserves, USD decreased from 633.61B to 632.74B

Imports (USD) (Dec) increased from 59.27B to 59.48B

Trade Balance (Dec) increased from -21.99B to -21.68B

EUROPE/EMEA:

The major Europe stock markets had a negative day:

  • CAC 40 decreased 58.14 points or -0.81% to 7,143.00
  • FTSE 100 decreased 20.90 points or -0.28% to 7,542.95
  • DAX 30 decreased 148.35 points or -0.93% to 15,883.24

The major Europe currency markets had a mixed day today:

  • EURUSD decreased 0.00398 or -0.35% to 1.14192
  • GBPUSD decreased 0.00415 or -0.30% to 1.36725
  • USDCHF increased 0.00213 or 0.23% to 0.91280

Some economic news from Europe today:

UK:

GDP (MoM) increased from 0.2% to 0.9%

Manufacturing Production (MoM) (Nov) increased from 0.1% to 1.1%

Monthly GDP 3M/3M Change increased from 0.9% to 1.1%

Trade Balance (Nov) increased from -11.81B to -11.34B

Trade Balance Non-EU (Nov) increased from -6.83B to -5.67B

France:

French CPI (MoM) (Dec) decreased from 0.4% to 0.2%

French HICP (MoM) (Dec) decreased from 0.4% to 0.2%

Spain:

Spanish CPI (YoY) (Dec) increased from 5.5% to 6.5%

Spanish HICP (YoY) (Dec) increased from 5.5% to 6.6%

Euro Zone:

Trade Balance (Nov) decreased from 3.3B to -1.5B

Reserve Assets Total (Dec) increased from 1,045.37B to 1,057.00B

US/AMERICAS:

Retail sales in the US fell 1.9% in December, significantly worse than the projected 0.1% decrease. The Labor Department stated that excluding autos, sales dropped 2.3% during the last month of 2021. Monthly retail sales do not factor in inflation, which means that spending significantly slowed during an otherwise robust holiday shopping season. Last year presented a strong overall recovery, however, retail sales rose 16.9% from 2020 amid the worst of the pandemic.

US Market Closings:

  • Dow declined 201.81 points or -0.56% to 35,911.81
  • S&P 500 advanced 3.82 points or 0.08% to 4,662.85
  • Nasdaq advanced 86.84 points or 0.59% to 14,893.75
  • Russell 2000 advanced 3.02 points or 0.14% to 2,162.46

Canada Market Closings:

  • TSX Composite advanced 64.6 points or 0.3% to 21,357.56
  • TSX 60 advanced 6.6 points or 0.51% to 1,300.29

Brazil Market Closing:

  • Bovespa advanced 1,398.29 points or 1.33% to 106,927.79

ENERGY:

The oil markets had a mixed day today:

  • Crude Oil increased 1.13 USD/BBL or 1.38% to 83.2500
  • Brent increased 1.02 USD/BBL or 1.21% to 85.4900
  • Natural gas decreased 0.089 USD/MMBtu or -2.08% to 4.1810
  • Gasoline increased 0.0209 USD/GAL or 0.88% to 2.4050
  • Heating oil increased 0.0099 USD/GAL or 0.38% to 2.6184

The above data was collected around 11:35 EST on Friday

  • Top commodity gainers: Orange Juice (2.33%) and Coal (5.01%), Methanol (3.04%), Lean Hogs (3.85%)
  • Top commodity losers: Natural Gas (-2.08%), Copper (-2.57%), Oat (-2.17%), and Palladium (-0.75%)

The above data was collected around 11:45 EST on Friday.

BONDS:

Japan 0.156%(+3.1bp), US 2’s 0.9526% (+0.06%), US 10’s 1.7575% (+5.69bps); US 30’s 2.0993% (+0.06%), Bunds -0.046% (+4bp), France 0.332% (+9bp), Italy 1.339% (+4.9bp), Turkey 22.54% (-20bp), Greece 1.527% (-0.3bp), Portugal 0.552% (+1.3bp); Spain 0.631% (+2.7bp) and UK Gilts 1.151% (+4.5bp).

Disclosure: None.

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