ASIA:

The major Asian stock markets had a mixed day today:

• NIKKEI 225 increased 370.73 or 1.34% to 28,048.94
• Shanghai increased 24.00 or 0.67% to 3,592.17
• Hang Seng increased 136.12 or 0.55% to 24,837.85
• ASX 200 increased 63.40 points or 0.87% to 7,320.10
• Kospi decreased 3.16 points or -0.11% to 2,956.30
• SENSEX increased 381.23 points or 0.64% to 60,059.06
• Nifty50 increased 104.85 points or 0.59% to 17,895.20

The major Asian currency markets had a mixed day today:

• AUDUSD decreased 0.00078 or -0.11% to 0.73061
• NZDUSD decreased 0.00062 or -0.09% to 0.69270
• USDJPY increased 0.5 or 0.45% to 112.16
• USDCNY decreased 0.00495 or -0.08% to 6.44691

Precious Metals:

• Gold increased 3.03 USD/t oz. or 0.17% to 1,758.32
• Silver increased 0.171 USD/t. oz or 0.76% to 22.750

Some economic news from last night:

China:

Caixin Services PMI (Sep) increased from 46.7 to 53.4

Japan:

Average Cash Earnings (YoY) increased from 0.6% to 0.7%

Household Spending (YoY) (Aug) decreased from 0.7% to -3.0%

Household Spending (MoM) (Aug) decreased from -0.9% to -3.9%

Overall wage income of employees (Aug) increased from 0.6% to 0.7%

Overtime Pay (YoY) (Aug) decreased from 11.60% to 6.50%

Adjusted Current Account decreased from 1.41T to 1.04T

Current Account n.s.a. (Aug) decreased from 1.911T to 1.666T

Australia:

Building Approvals (MoM) increased from -8.6% to 6.8%

Some economic news from today:

India:

Cash Reserve Ratio remain the same at 4.00%

Interest Rate Decision remain the same at 4.00%

Reverse REPO Rate remain the same at 3.35%

Bank Loan Growth remain the same at 6.7%

Deposit Growth remain the same at 9.3%

FX Reserves, USD decreased from 638.65B to 637.48B

Japan:

Economy Watchers Current Index (Sep) increased from 34.7 to 42.1

Indonesia:

Consumer Confidence (Sep) increased from 77.3 to 95.5

EUROPE/EMEA:

The major Europe stock markets had a mixed day:

• CAC 40 decreased 40.20 points or -0.61% to 6,559.99
• FTSE 100 increased 17.51 points or 0.25% to 7,095.55
• DAX 30 decreased 44.73 points or -0.29% to 15,206.13

The major Europe currency markets had a mixed day today:

• EURUSD increased 0.00063 or 0.05% to 1.15660
• GBPUSD increased 0.0005 or 0.04% to 1.36193
• USDCHF decreased 0.00146 or -0.16% to 0.92727

Some economic news from Europe today:

Germany:

Gemran Current Account Balance n.s.a (Aug) decreased from 17.6B to 11.8B

German Exports (MoM) (Aug) decreased from 0.6% to -1.2%

German Imports (MoM) (Aug) increased from -3.6% to 3.5%

German Trade Balance (Aug) decreased from 17.7B to 13.0B

US/AMERICAS:

How much is “temporary” inflation hurting American households? According to a report by Moody’s Analytics, the average US median income of $70,000 will notice a $175 monthly increase in housing, food, and fuel costs. “That’s the equivalent of a full grocery, electric or cellphone bill,” Mark Zandi, chief economist at Moody’s Analytics, stated. Inflation has many concerned of becoming delinquent on their credit cards, with delinquencies picking up in April in this year for the first time since lockdowns ended. As of September, delinquencies reached 1.54% compared to 1.30% in April. The Census Bureau also reported that 26.5 million Americans find it “very difficult” to cover their usual living expenses, marking an 8% increase since August.

Payrolls increased at a minimal pace this September, disappointing analysts and investors. Only 194,000 positions were created in September despite estimates for 500,000. The unemployment rate now sits at 4,8%, marking the lowest rate since February 2020. Government payrolls declined by 123,000 positions, while the private sector increased by 317,000. However, labor force participation has increased with more Americans returning to the workforce post-pandemic. Wages increased by 0.6% or 4.6% YoY as companies are competing for employers amid labor shortages and Americans are compensating for a higher cost of living. Currently, the available workforce is just 3.1 million positions short of where it was in February 2020. Leisure and hospitality unsurprisingly saw the most notable gains at 74,000, with unemployment in that sector plunging from 9.1% to 7.7%. Professional and business services added 60,000 positions, retail increased by 56,000 positions, and transportation by 47,000. Information (32,000), social assistance (30,000), manufacturing (26,000), and construction (22,000) all saw gains as well.

US Market Closings:

• Dow declined 8.69 points or -0.03% to 34,746.25
• S&P 500 declined 8.42 points or -0.19% to 4,391.34
• Nasdaq declined 74.48 points or -0.51% to 14,579.54
• Russell 2000 declined 17 points or -0.76% to 2,233.09

Canada Market Closings:

• TSX Composite advanced 0.1 of a point or 0% to 20,416.31
• TSX 60 advanced 1.34 points or 0.11% to 1,226.76

Brazil Market Closing:

• Bovespa advanced 2,247.77 points or 2.03% to 112,833.2

ENERGY:

The oil markets had a mixed day today:

• Crude Oil increased 1 USD/BBL or 1.28% to 79.3000
• Brent increased 0.59 USD/BBL or 0.72% to 82.5400
• Natural gas decreased 0.058 USD/MMBtu or -1.02% to 5.6190
• Gasoline increased 0.0296 USD/GAL or 1.27% to 2.3640
• Heating oil increased 0.0211 USD/GAL or 0.86% to 2.4807

The above data was collected around 12:21 EST on Friday

• Top commodity gainers: Palladium (5.89%) and Methanol (5.25%), Lumber (4.92%) and Bitumen (5.08%)
• Top commodity losers: Beef (-1.07%), Cotton (-1.64%), Natural Gas (-1.02%), and Orange Juice (-0.86%)

The above data was collected around 12:30 EST on Friday.

BONDS:

Japan 0.089%(+1.5bp), US 2’s 0.3178%(+0.01%), US 10’s 1.6100%(+3.36bps); US 30’s 2.1721%(+0.04%),Bunds -0.1490% (+3.8bp), France 0.1910% (+3.2bp), Italy 0.8760% (+2.47bp), Turkey 18.03% (+6bp), Greece 0.8990% (+2.6bp), Portugal 0.384% (+2.3bp); Spain 0.495% (+3bp) and UK Gilts 1.158% (+7.9bp).