Market Talk - Wednesday, Sept. 20

Hands, World, Map, Global, Earth, Globe, Continents

Image Source: Pixabay
 

Asia:

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 decreased 218.81 points or -0.66% to 33,023.78
  • Shanghai decreased 16.39 points or -0.52% to 3,108.57
  • Hang Seng decreased 111.57 points or -0.62% to 17,885.60
  • ASX 200 decreased 33.30 points or -0.46% to 7,163.30
  • Kospi increased 0.53 points or 0.02% to 2,559.74
  • SENSEX decreased 796.00 points or -1.18% to 66,800.84
  • Nifty50 decreased 231.90 points or -1.15% to 19,901.40

The major Asian currency markets had a mixed day today:

  • AUDUSD decreased 0.00099 or -0.15% to 0.64441
  • NZDUSD decreased 0.00096 or -0.16% to 0.59244
  • USDJPY increased 0.379 or 0.26% to 148.239
  • USDCNY increased 0.0055 or 0.08% to 7.30894

The above data was collected around 16.06 EST

Precious Metals:

Gold increased 0.93 USD/t oz. or 0.05% to 1,931.87

Silver increased 0.028 USD/t. oz or 0.12%% to 23.258

The above data was collected around 16.08 EST

Some economic news from last night:

China:

PBoC Loan Prime Rate remains the same at 3.45%

Japan:

Adjusted Trade Balance increased from -0.60T to -0.56T

Exports (YoY) (Aug) decreased from -0.3% to -0.8%

Trade Balance (Aug) decreased from -66.3B to -930.5B

New Zealand:

Current Account (YoY) (Q2) increased from -33.03B to -29.76B

Current Account (QoQ) (Q2) increased from -5.22B to -4.21B

No economic news from today:
 

Europe/EMEA:

The major European stock markets had a green day today:

  • CAC 40 increased 48.67 points or 0.67% to 7,330.79
  • FTSE 100 increased 71.45 points, or 0.93% to 7,731.65
  • DAX 30 increased 117.11 points or 0.75% to 15,781.59

The major European currency markets had a mixed day today:

  • EURUSD decreased 0.00179 or -0.17% to 1.06591
  • GBPUSD decreased 0.0049 or -0.40% to 1.23410
  • USDCHF increased 0.0015 or 0.17% to 0.89900

The above data was collected around  16.18  EST

Some economic news from Europe today:

UK:

PPI Input (MoM) (Aug) increased from -0.4% to 0.4%

CPI (YoY) (Aug) decreased from 6.8% to 6.7%

CPI (MoM) (Aug) increased from -0.4% to 0.3%

Germany:

German PPI (MoM) (Aug) increased from -1.1% to 0.3%
 

US/AMERICAS:

The Federal Reserve held interest rates steady this Wednesday, while also indicating it still expects one more hike before the end of the year and fewer cuts than previously indicated next year. The Fed is continuing to reduce its bond holdings, a process that has cut the central bank balance sheet by some $815 billion since June. The Fed’s bond selloff and interest rate hikes intended to fight inflation could affect investing strategy. The Federal Reserve announced it soon will begin reducing the pace of its monthly bond purchases, the first step toward pulling back on the massive amount of help it had been providing markets and the economy. The Fed will reduce its current $120 billion monthly bond-buying program by $15 billion a month.

US Market Closings:

  • Dow declined 76.85 points or -0.22% to 34,440.88
  • S&P 500 declined 41.75 points or -0.94% to 4,402.2
  • Nasdaq declined 209.06 points or 1.53% to 13,469.13
  • Russell 2000 declined 16.42 points or -0.9% to 1,810.1

Canada Market Closings:

  • TSX Composite declined 4.2 points or -0.02% to 20,214.69
  • TSX 60 advanced 0.02 od a point or 0% to 1,214.48

Brazil Market Closing:

  • Bovespa advanced 849.54 points or 0.72% to 118,695.32
     

Energy:

The oil markets had a negative day today:

  • Crude Oil decreased 0.999 USD/BBL or -1.10% to 89.481
  • Brent decreased 1.357 USD/BBL or -1.44% to 92.983
  • Natural gas decreased 0.1147 USD/MMBtu or -4.03% to 2.7333
  • Gasoline decreased 0.0494 USD/GAL or -1.86% to 2.6087
  • Heating oil decreased 0.0581 USD/GAL or -1.72% to 3.3158

The above data was collected around 16:21 EST on Wednesday.

Top commodity gainers: Rapeseed (1.99%), Aluminum (1.83%), Zinc (1.86%), and Corn (1.28%)

Top commodity losers: Coffee (-5.55%), Sugar (-2.37%), Natural Gas (-4.03%), and Cheese (-2.65%)

The above data was collected around 16:27 EST on Wednesday.
 

Bonds:

Japan 0.725%(+0.4bp), US 2’s 5.17% (+0.060%), US 10’s 4.3989%(+3.19bps); US 30’s 4.44% (+0.012%), Bunds 2.718% (-2bp), France 3.246% (-3.6bp), Italy 4.485% (-3.3bp), Turkey 24.71% (+94bp), Greece 4.112% (-4.5bp), Portugal 3.427% (-4.6bp), Spain 3.792% (-0.7bp) and UK Gilts 4.216% (-12.7bp).

The above data was collected around 16:30 EST on Wednesday.


More By This Author:

Market Talk - Tuesday, Sept. 19
Market Talk - Monday, Sept. 18
Market Talk - Friday, Sep. 15
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