Market Talk - Friday, May 14

ASIA:

Singapore is locking down once again after a recent rise in cases. Although the lockdown will be less strict than prior requirements, authorities are urging people to work from home and limit gatherings to two people. The new restrictions will begin on Sunday and last for a month. The nation has already fully vaccinated 22.8% of the population, while another 10.5% have received one dose of the vaccine. Health Minister Gan Kim Yong admitted that it will be “almost impossible” to eliminate the coronavirus and “we will have to learn to live with it.”

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 increased 636.46 points or 2.32% to 28,084.47
  • Shanghai increased 60.84 points or 1.77% to 3,490.38
  • Hang Seng increased 308.90 points or 1.11% to 28,027.57
  • ASX 200 increased 31.50 points or 0.45% to 7,014.20
  • Kospi increased 31.21 points or 1.00% to 3,153.32
  • SENSEX increased 41.75 points or 0.09% to 48,732.55
  • Nifty50 decreased 18.70 points or -0.13% to 14,677.80

The major Asian currency markets had a mixed day today:

  • AUDUSD increased 0.0050 or 0.65% to 0.77773
  • NZDUSD increased 0.0061 or 0.85% to 0.72421
  • USDJPY decreased 0.0820 or -0.07% to 109.41
  • USDCNY decreased 0.0091 or -0.14% to 6.43960

Precious Metals:

  • Gold increased 13.78 USD/t oz. or 0.75% to 1,840.35
  • Silver increased 0.25 USD/t. oz or 0.93% to 27.313

Some economic news from last night:

China:

China Thomson Reuters IPSOS PCSI (May) decreased from 73.73 to 71.78

Japan:

M3 Money Supply (Apr) increased from 1,948.0T to 1,953.6T

Thomson Reuters IPSOS PCSI (May) decreased from 41.07 to 36.30

South Korea:

Export Price Index (YoY) (Apr) increased from 5.9% to 10.6%

Import Price Index (YoY) (Apr) increased from 9.0% to 15.0%

Australia:

HIA New Home Sales (MoM) decreased from 90.3% to -54.4%

New Zealand:

Business NZ PMI (Apr) decreased from 63.6 to 58.4

Some economic news from today:

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