Market Talk - Thursday, Jan. 20

ASIA:

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 increased 305.70 points or 1.11% to 27,772.93
  • Shanghai decreased 3.12 points or -0.09% to 3,555.06
  • Hang Seng increased 824.50 points or 3.42% to 24,952.35
  • ASX 200 increased 9.90 points or 0.14% to 7,342.40
  • Kospi increased 20.40 points or 0.72% to 2,862.68
  • SENSEX decreased 634.20 points or -1.06% to 59,464.62
  • Nifty50 decreased 181.40 points or -1.01% to 17,757.00

The major Asian currency markets had a mixed day today:

  • AUDUSD increased 0.00485 or 0.67% to 0.72658
  • NZDUSD increased 0.0011 or 0.16% to 0.67944
  • USDJPY decreased 0.306 or -0.27% to 114.046
  • USDCNY decreased 0.00843 or -0.13% to 6.34414

Precious Metals:

  • Gold decreased 0.39 USD/t oz. or -0.02% to 1,839.57
  • Silver increased 0.397 USD/t. oz or 1.64% to 24.520

Some economic news from last night:

China:

PBoC Loan Prime Rate decreased from 3.80% to 3.70%

Japan:

Adjusted Trade Balance increased from -0.47T to -0.44T

Exports (YoY) (Dec) decreased from 20.5% to 17.5%

Foreign Bonds Buying increased from 620.4B to 928.2B

Foreign Investments in Japanese Stocks decreased from 780.6B to -13.0B

Imports (YoY) (Dec) decreased from 43.8% to 41.1%

Trade Balance (Dec) increased from -955.6B to -582.4B

South Korea:

PPI (YoY) decreased from 9.8% to 9.0%

PPI (MoM) decreased from 0.7% to 0.0%

Australia:

MI Inflation Expectations decreased from 4.8% to 4.4%

Employment Change (Dec) decreased from 366.1K to 64.8K

Full Employment Change (Dec) decreased from 128.3K to 41.5K

Participation Rate (Dec) remain the same at 66.1%

Unemployment Rate (Dec) decreased from 4.6% to 4.2%

New Zealand:

RBNZ Offshore Holdings (Dec) increased from 50.90% to 51.80%

FPI (MoM) (Dec) increased from -0.6% to 0.6%

Some economic news from today

Hong Kong:

CPI (YoY) (Dec) increased from 1.80% to 2.40%

Indonesia:

Deposit Facility Rate (Jan) remain the same at 2.75%

Lending Facility Rate (Jan) remain the same at 4.25%

Interest Rate Decision remain the same at 3.50%

EUROPE/EMEA:

The major Europe stock markets had a mixed day:

  • CAC 40 increased 21.18 points or 0.30% to 7,194.16
  • FTSE 100 decreased 4.65 points or -0.06% to 7,585.01
  • DAX 30 increased 102.61 points or 0.65% to 15,912.33

The major Europe currency markets had a mixed day today:

  • EURUSD decreased 0.00076 or -0.07% to 1.13354
  • GBPUSD increased 0.00348 or 0.26% to 1.36424
  • USDCHF increased 0.00021 or 0.02% to 0.91583

Some economic news from Europe today:

Germany:

German PPI (MoM) (Dec) increased from 0.8% to 5.0%

German PPI (YoY) (Dec) increased from 19.2% to 24.2%

Norway:

Industrial Confidence (Q4) decreased from 8.8 to 8.6

Interest Rate Decision remain the same at 0.50%

France:

French Business Survey (Jan) increased from 110 to 112

Spain:

Spanish Trade Balance decreased from -3.40B to -4.20B

Euro Zone:

Core CPI (YoY) (Dec) remain the same at 2.6%

CPI (MoM) (Dec) remain the same at 0.4%

CPI (YoY) (Dec) increased from 4.9% to 5.0%

US/AMERICAS:

The Biden Administration issued sanctions on four Russians accused of trying to destabilize Ukraine. The Treasury Department noted that this would be a small penalty compared to the economic sanctions it will impose on Russia if it invades Ukraine. “The United States is taking action to expose and counter Russia’s dangerous and threatening campaign of influence and disinformation in Ukraine,” said Deputy Treasury Secretary Wally Adeyemo in the release. “We are committed to taking steps to hold Russia accountable for their destabilizing actions.”

Unemployment suddenly surged in the US last week, according to the Labor Department. The week ending on January 15 experienced 286,000 claims compared to 231,000 (revised) the week prior. Analysts were expecting initial filings to decrease to 220,000. This is the highest level of unemployment since October 2021. Continuing claims rose to 1.65 million, marking an 84,000 weekly increase.

US Market Closings:

  • Dow declined 313.26 points or -0.89% to 34,715.39
  • S&P 500 declined 50.03 points or -1.1% to 4,482.73
  • Nasdaq declined 186.23 points or -1.3% to 14,154.02
  • Russell 2000 declined 38.75 points or -1.88% to 2,024.04

Canada Market Closings:

  • TSX Composite declined 146.98 points or -0.69% to 21,058.18
  • TSX 60 declined 8.87 points or -0.69% to 1,280.21

Brazil Market Closing:

  • Bovespa advanced 1,088.52 points or 1.01% to 109,191.99

ENERGY:

The oil markets had a mixed day today:

  • Crude Oil increased 0.69 USD/BBL or 0.79% to 87.6500
  • Brent increased 0.64 USD/BBL or 0.72% to 89.0800
  • Natural gas decreased 0.242 USD/MMBtu or -6.00% to 3.7890
  • Gasoline increased 0.0216 USD/GAL or 0.88% to 2.4786
  • Heating oil decreased 0.015 USD/GAL or -0.56% to 2.6773

The above data was collected around 11:48 EST on Thursday

  • Top commodity gainers: Lithium (2.41%) and Bitumen (2.36%), Zinc (2.86%), Palladium (2.77%)
  • Top commodity losers: Lumber (-3.65%), Natural Gas(-6.00%), Rubber(-0.71%) and Methanol(-0.87%)

The above data was collected around 11:52 EST on Thursday.

BONDS:

Japan 0.142%(+0.8bp), US 2’s 1.0433% (-0.01%), US 10’s 1.8361% (-1.78bps); US 30’s 2.1567% (-0.02%), Bunds -0.024% (-1.5bp), France 0.363% (-1.2bp), Italy 1.37% (-3.6bp), Turkey 21.78% (-4bp), Greece 1.719% (+3.7bp), Portugal 0.605% (-1.2bp); Spain 0.673% (-1.3bp) and UK Gilts 1.228% (-2.9bp).

Disclosure: None.

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