Market Talk - Thursday, May 20

ASIA:

Indian refiners and at least one European refiner is re-evaluating their crude purchases to make room for Iranian oil in the second half of this year, anticipating that U.S. sanctions will be lifted, company officials and trading sources said. At least one European refiner has held in-depth discussions with Iran’s state oil firm NIOC on resuming purchases and Indian refiners say they plan to reduce spot purchases to make way for Iranian contract barrels.

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 increased 53.80 points or 0.19% to 28,098.25
  • Shanghai decreased 4.02 points or -0.11% to 3,506.94
  • Hang Seng decreased 143.52 points or -0.50% to 28,450.29
  • ASX 200 increased 87.90 points or 1.27% to 7,019.60
  • Kospi decreased 10.77 points or -0.34% to 3,162.28
  • SENSEX decreased 337.78 points or -0.68% to 49,564.86
  • Nifty50 decreased 124.10 points or -0.83% to 14,906.05

The major Asian currency markets had a mixed day today:

  • AUDUSD increased 0.00552 or 0.71% to 0.77765
  • NZDUSD increased 0.00467 or 0.65% to 0.72086
  • USDJPY decreased 0.5 or -0.46% to 108.77
  • USDCNY decreased 0.00839 or -0.13% to 6.43181

Precious Metals:

  • Gold increased 9.97 USD/t oz. or 0.53% to 1,879.54
  • Silver increased 0.15 USD/t. oz or 0.54% to 27.900

Some economic news from last night:

China:

PBoC Loan Prime Rate remain the same at 3.85%

Japan:

Reuters Tankan Index (May) increased from 13 to 21

Adjusted Trade Balance decreased from 0.30T to 0.07T

Core Machinery Orders (MoM) (Mar) increased from -8.5% to 3.7%

Core Machinery Orders (YoY) (Mar) increased from -7.1% to -2.0%

Exports (YoY) (Apr) increased from 16.1% to 38.0%

Foreign Bonds Buying increased from -72.2B to 600.2B

Foreign Investments in Japanese Stocks decreased from 144.7B to -471.4B

Imports (YoY) (Apr) increased from 5.8% to 12.8%

Trade Balance (Apr) decreased from 662.2B to 255.3B

1 2 3 4
View single page >> |

Disclosure: None.

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.