Market Talk - Tuesday, March 14

ASIA:

The major Asian stock markets had a negative day today:

  • NIKKEI 225 decreased 610.92 points or -2.19% to 27,222.04
  • Shanghai decreased 23.38 points or -0.72% to 3,245.31
  • Hang Seng decreased 448.01 points or -2.27% to 19,247.96
  • ASX 200 decreased 99.90 points or -1.41% to 7,008.90
  • Kospi decreased 61.63 points or -2.56% to 2,348.97
  • SENSEX decreased 337.66 points or -0.58% to 57,900.19
  • Nifty50 decreased 111.00 points or -0.65% to 17,043.30

The major Asian currency markets had a green day today:

  • AUDUSD increased 0.00028 or 0.04% to 0.66668
  • NZDUSD increased 0.00073 or 0.12% to 0.62253
  • USDJPY increased 1.092 or 0.82% to 134.272
  • USDCNY increased 0.02307 or 0.34% to 6.87477

Precious Metals:

  • Gold decreased 8.32 USD/t oz. or -0.43% to 1,904.92
  • Silver increased 0.055 USD/t. oz or 0.25% to 21.862

Some economic news from last night:

Australia:

Westpac Consumer Sentiment (Mar) increased from -6.9% to 0.0%

NAB Business Confidence (Feb) decreased from 6 to -4

Some economic news from today:

India:

WPI Inflation (YoY) (Feb) decreased from 4.73% to 3.85%

EUROPE/EMEA:

The major Europe stock markets had a green day:

  • CAC 40 increased 130.07 points or 1.86% to 7,141.57
  • FTSE 100 increased 88.48 points or 1.17% to 7,637.11
  • DAX 30 increased 273.36 points or 1.83% to 15,232.83

The major Europe currency markets had a mixed day today:

  • EURUSD decreased 0.0005 or -0.05% to 1.07240
  • GBPUSD decreased 0.00344 or -0.28% to 1.21466
  • USDCHF increased 0.0017 or 0.19% to 0.91330

Some economic news from Europe today:

UK:

Average Earnings Index +Bonus (Jan) decreased from 6.0% to 5.7%

Claimant Count Change (Feb) increased from -30.3K to -11.2K

Employment Change 3M/3M (MoM) (Jan) decreased from 74K to 65K

Unemployment Rate (Jan) remain the same at 3.7%

Swiss:

PPI (MoM) (Feb) decreased from 0.7% to -0.2%

Spain:

Spanish CPI (YoY) (Feb) increased from 5.9% to 6.0%

Spanish HICP (YoY) (Feb) increased from 5.9% to 6.0%

US/AMERICAS:

Prices are continually rising, as indicated by the Labor Department’s latest report. The consumer price index (CPI) rose 0.4% on a monthly basis this February, which brings the annual rate of inflation to 6%. Core CPI increased by 0.5% on a monthly basis and 5.5% annually. Energy prices declining helped headline CPI figures after the sector declined by 0.6% for the month after fuel oil fell 7.9%. Food prices rose 9.5% annually and 0.4% since January, which is the lowest rise seen since December 2021. One-third of the index is driven by shelter costs. Shelter in the US is up 0.8% for the month and 8.1% annually, marking the fastest annual pace since June 1982.

US Market Closings:

  • Dow advanced 336.26 points or 1.06% to 32,155.4
  • S&P 500 advanced 64.8 points or 1.68% to 3,920.56
  • Nasdaq advanced 239.31 points or 2.14% to 11,428.15
  • Russell 2000 advanced 32.59 points or 1.87% to 1,776.89

Canada Market Closings:

  • TSX Composite advanced 105.26 points or 0.54% to 19,694.16
  • TSX 60 advanced 4.99 points or 0.42% to 1,182.63

Brazil Market Closing:

  • Bovespa declined 188.98 points or -0.18% 102,932.38

ENERGY:

The oil markets had a mixed day today:

  • Crude Oil decreased 0.832 USD/BBL or -1.11% to 73.968
  • Brent decreased 0.795 USD/BBL or -0.98% to 79.975
  • Natural gas decreased 0.0532 USD/MMBtu or -2.04% to 2.5528
  • Gasoline decreased 0.0074 USD/GAL or -0.29% to 2.5840
  • Heating oil increased 0.0164 USD/GAL or 0.59% to 2.7779

The above data was collected around 12:03 EST on Tuesday

  • Top commodity gainers: HRC Steel (1.61%), Palladium (3.40%), Wheat (1.89%) and Rice (2.28%)
  • Top commodity losers: Bitumen (-2.53%), Lumber (-3.14%), Orange Juice (-6.94%) and Natural Gas (-2.04%)

The above data was collected around 12:16 EST Tuesday.

BONDS:

Japan 0.345% (+3.4bp), US 2’s 4.36% (+0.331%), US 10’s 3.6663% (+15.13bps); US 30’s 3.76% (+0.098%), Bunds 2.454% (+17.2bp), France 2.981% (+15.1bp), Italy 4.314% (+10.6bp), Turkey 10.99% (+4bp), Greece 4.357% (+10.5bp), Portugal 3.367% (+13bp); Spain 3.521% (+13.1bp) and UK Gilts 3.516% (+14.5bp).


More By This Author:

Market Talk - Monday, March 13
Market Talk - Friday, March 10
Market Talk - Thursday, March 9

Disclosure: None.

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