Market Talk - Monday, Jan. 31

ASIA:

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 increased 284.64 points or 1.07% to 27,001.98
  • Shanghai closed
  • Hang Seng increased 252.18 points or 1.07% to 23,802.26
  • ASX 200 decreased 16.50 points or -0.24% to 6,971.60
  • Kospi closed
  • SENSEX increased 813.94 points or 1.42% to 58,014.17
  • Nifty50 increased 237.90 points or 1.39% to 17,339.85

The major Asian currency markets had a mixed day today:

  • AUDUSD increased 0.00695 or 0.99% to 0.70652
  • NZDUSD increased 0.00342 or 0.52% to 0.65752
  • USDJPY decreased 0.153 or -0.13% to 115.066
  • USDCNY increased 0.00467 or 0.07% to 6.37537

Precious Metals:

  • Gold increased 5.27 USD/t oz. or 0.29% to 1,796.30
  • Silver decreased 0.036 USD/t. oz or -0.16% to 22.381

Some economic news from last night:

Japan:

Industrial Production (MoM) (Dec) decreased from 7.0% to -1.0%

Industrial Production forecast 1m ahead (MoM) (Jan) increased from 1.6% to 5.2%

Industrial Production forecast 2m ahead (MoM) (Feb) decreased from 5.0% to 2.2%

Large Retailers’ Sales (MoM) decreased from 1.3% to 1.0%

Retail Sales (YoY) (Dec) decreased from 1.9% to 1.4%

Australia:

MI Inflation Gauge (MoM) increased from 0.2% to 0.4%

Housing Credit (Dec) remain the same at 0.7%

Private Sector Credit (MoM) (Dec) decreased from 0.9% to 0.8%

Singapore:

Bank Lending increased from 805.9B to 816.8B

Some economic news from today

Hong Kong:

M3 Money Supply (Dec) decreased from 1.8% to 1.5%

Retail Sales (YoY) (Dec) decreased from 7.1% to 6.2%

India:

Federal Fiscal Deficit (Dec) increased from 6,956.14B to 7,593.66B

GDP Annual decreased from 4.0% to -6.6%

Infrastructure Output (YoY) (Dec) increased from 3.4% to 3.8%

Japan:

Construction Orders (YoY) (Dec) decreased from 11.6% to 4.8%

Household Confidence (Jan) decreased from 39.1 to 36.7

Housing Starts (YoY) (Dec) increased from 3.7% to 4.2%

Singapore:

Business Expectations (Q4) decreased from 16.00 to 8.00

EUROPE/EMEA:

The major Europe stock markets had a mixed day:

  • CAC 40 increased 33.32 points or 0.48% to 6,999.20
  • FTSE 100 decreased 1.70 points or -0.02% to 7,464.37
  • DAX 30 increased 152.25 points or 0.99% to 15,471.20

The major Europe currency markets had a mixed day today:

  • EURUSD increased 0.00849 or 0.76% to 1.12333
  • GBPUSD increased 0.00594 or 0.44% to 1.34496
  • USDCHF decreased 0.00405 or -0.44% to 0.92695

Some economic news from Europe today:

Norway:

Central Bank Currency Purchase (Feb) increased from -250.0M to 0.0M

Credit Indicator (YoY) (Dec) decreased from 5.1% to 5.0%

Spain:

Spanish Current account (Nov) decreased from 2.14B to 1.01B

Spanish CPI (YoY) (Jan) decreased from 6.5% to 6.0%

Spanish CPI (MoM) (Jan) decreased from 1.2% to -0.5%

Spanish HICP (YoY) (Jan) decreased from 6.6% to 6.1%

Spanish HICP (MoM) (Jan) decreased from 1.1% to -1.7%

Spanish Retail Sales (YoY) (Dec) decreased from 5.1% to -2.3%

Italy:

Italian GDP (YoY) (Q4) increased from 3.9% to 6.4%

Italian GDP (QoQ) (Q4) decreased from 2.6% to 0.6%

Germany:

German CPI (MoM) (Jan) remain the same at 0.4%

German CPI (YoY) (Jan) remain the same at 4.9%

German HICP (YoY) (Jan) remain the same at 5.1%

German HICP (MoM) (Jan) remain the same at 0.9%

Euro Zone:

GDP (QoQ) decreased from 2.2% to 0.3%

GDP (YoY) increased from 3.9% to 4.6%

US/AMERICAS:

A Chicago-based research firm, IRI, found that food prices in the US increased by 9% on average in 2021. The trend of increased food prices is expected to continue. General Mills, Kraftz, Campbell Soup, Maxwell House, and other said they plan to hike the price of their products amid record inflation. Doug Baker, vice president of industry relations for FMI, The Food Industry Association, blames the delayed response to addressing supply chain issues. “They put off as long as possible, and now we’re going to feel the effects of that for the next few months,” Baker said.

Home prices increased 18.8% YoY in November, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. The figure lessened from October’s reading of 19.1%, as potential buyers wait for record-high housing to decline. November’s gain marked the sixth-highest reading since record-keeping began 34 years ago. All 20 cities tracked by the index saw notable gains, with 19 cities reporting record-high prices. Analysts expect home prices to increase as long as the supply remains depleted.

US Market Closings:

  • Dow advanced 406.39 points or 1.17% to 35,131.86
  • S&P 500 advanced 83.7 points or 1.89% to 4,515.55
  • Nasdaq advanced 469.31 points or 3.41% to 14,239.88
  • Russell 2000 advanced 59.94 points or 3.05% to 2,028.45

Canada Market Closings:

  • TSX Composite advanced 356.54 points or 1.72% to 21,098.29
  • TSX 60 advanced 21 points or 1.67% to 1,281.96

Brazil Market Closing:

  • Bovespa advanced 233.41 points or 0.21% to 112,143.51

ENERGY:

The oil markets had a mixed day today:

  • Crude Oil increased 0.97 USD/BBL or 1.12% to 87.7800
  • Brent increased 1.13 USD/BBL or 1.26% to 91.1600
  • Natural gas increased 0.311 USD/MMBtu or 6.70% to 4.9500
  • Gasoline increased 0.0102 USD/GAL or 0.40% to 2.5525
  • Heating oil decreased 0.03 USD/GAL or -1.08% to 2.7555

The above data was collected around 13:45 EST on Monday

  • Top commodity gainers: Natural Gas (6.70%) and Rubber (2.49%), Cotton (2.84%), Oat (1.92%)
  • Top commodity losers: Aluminum (-1.51%), Wheat(-3.34%), Orange Juice(-3.23%) and Lumber(-4.39%)

The above data was collected around 13:55 EST on Monday.

BONDS:

Japan 0.175%(+1.1bp), US 2’s 1.1687% (-0.00%), US 10’s 1.7785% (+0.01bps); US 30’s 2.098% (+0.02%), Bunds 0.013% (+6bp), France 0.427% (+6.2bp), Italy 1.37% (+1.7bp), Turkey 22.27% (+2bp), Greece 1.773% (+5.2bp), Portugal 0.684% (+6.2bp); Spain 0.764% (+5.9bp) and UK Gilts 1.308% (+6.9bp).

Disclosure: None.

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