Market Talk – Wednesday, September 11

US Market Closings:

  • Dow advanced 227.61 points or 0.85% to 27,137.04
  • S&P 500 advanced 21.52 points or 0.72% to 3,000.91
  • Nasdaq advanced 85.52 points or 1.06% to 8,169.68
  • Russell 2000 advanced 32.72 points or 2.12% to 1,575.71

Canadian Market Closings:

  • TSX Composite advanced 73.80 points or 0.45% to 16,611.14
  • TSX 60 advanced 4.87 points or 0.49% to 992.96

Brazil Market Closing:

  • Bovespa advanced 414.10 points or 0.40% to 103,445.60

ENERGY:

A strong US Crude inventory draw of 6.9 million barrels last week, as reported by the EIA, has helped push crude up from a low caused by the Bolton firing. However, later in the day Crude continued to run down losing close to 3% of its value.

The oil markets had a negative day today:

  • Crude Oil decreased 1.49 USD/BBL or -2.60% to 55.9833
  • Brent decreased 1.43 USD/BBL or -2.29% to 60.8747
  • Natural gas decreased 0.031 USD/MMBtu or -1.20% to 2.5535
  • Gasoline decreased 0.0182 USD/GAL or -1.14% to 1.5709
  • Heating oil decreased 0.0234 USD/GAL or -1.21% to 1.9113
  • Top commodity gainers: Bitumen (7.21%), Feeder Cattle (1.89%), Live Cattle(2.76%), and Gold (0.82 %)
  • Top commodity losers: Oat (-7.28 %), Lean Hogs (-3.55%), Crude Oil (-2.60%), and Brent (-2.29%)

The above data was collected around 15:20 EST on Wednesday.

BONDS:

Japan -0.20%(+2bp), US 2’s 1.67% (+1bps), US 10’s 1.74%(+3bps), US 30’s 2.22%(+3bps), Bunds -0.54% (+0bp), France -0.24% (+1bp), Italy 0.96% (-6bp), Turkey 15.17% (-20bp), Greece 1.65% (+1bp), Portugal 0.27% (-1bp), Spain 0.28% (+1bp) and UK Gilts 0.64% (-0bp).

US 10-Year Note Auction increased from 1.670% to 1.739%

  • Italian 12-Month BOT Auction decreased from 0.107% to -0.226%
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Disclosure: None.

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