Market Talk – December 12, 2022

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ASIA:

 

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 decreased 58.68 points or -0.21% to 27,842.33
  • Shanghai decreased 27.91 points or -0.87% to 3,179.04
  • Hang Seng decreased 437.24 points or -2.20% to 19,463.63
  • Kospi decreased 16.02 points or -0.67% to 2,373.02
  • ASX 200 decreased 32.40 points or -0.45% to 7,180.80
  • SENSEX decreased 51.10 points or -0.08% to 62,130.57
  • Nifty50 increased 0.55 points or 0.00% to 18,497.15

 

 

The major Asian currency markets had a mixed day today:

  • AUDUSD decreased 0.00535 or -0.79% to 0.67391
  • NZDUSD decreased 0.00325 or -0.51% to 0.63745
  • USDJPY increased 1.002 or 0.73% to 137.575
  • USDCNY increased 0.01951 or 0.28% to 6.99161

 

Precious Metals:

  • Gold decreased 14.84 USD/t oz. or -0.83% to 1,781.79
  • Silver decreased 0.256 USD/t. oz or -1.09% to 23.212

 

Some economic news from last night:

Japan:

BSI Large Manufacturing Conditions (Q4) decreased from 1.7 to -3.6

 

Some economic news from today:

China:

M2 Money Stock (YoY) (Nov) increased from 11.8% to 12.4%

New Loans (Nov) increased from 615.2B to 1,210.0B

Outstanding Loan Growth (YoY) (Nov) decreased from 11.1% to 11.0%

Chinese Total Social Financing (Nov) increased from 907.9B to 1,990.0B

India:

CPI (YoY) (Nov) decreased from 6.77% to 5.88%

Cumulative Industrial Production (Oct) decreased from 7.00% to 5.30%

Industrial Production (YoY) (Oct) decreased from 3.1% to -4.0%

Manufacturing Output (MoM) (Oct) decreased from 1.8% to -5.6%

 

 

EUROPE/EMEA:

 

The major Europe stock markets had a negative day:

  • CAC 40 decreased 27.09 points or -0.41% to 6,650.55
  • FTSE 100 decreased 30.66 points or -0.41% to 7,445.97
  • DAX 30 decreased 64.09 points or -0.45% to 14,306.63

 

The major Europe currency markets had a mixed day today:

  • EURUSD decreased 0.00007 or -0.01% to 1.05323
  • GBPUSD increased 0.0007 or 0.06% to 1.22735
  • USDCHF increased 0.00206 or 0.22% to 0.93636

 

Some economic news from Europe today:

UK:

NIESR Monthly GDP Tracker remain the same at -0.3%

GDP (YoY) increased from 1.3% to 1.5%

GDP (MoM) increased from -0.6% to 0.5%

Industrial Production (MoM) (Oct) decreased from 0.2% to 0.0%

Manufacturing Production (MoM) (Oct) increased from 0.0% to 0.7%

Monthly GDP 3M/3M Change decreased from -0.2% to -0.3%

Trade Balance (Oct) increased from -15.66B to -14.48B

Trade Balance Non-EU (Oct) increased from -8.55B to -4.82B

 

US/AMERICAS:

US Market Closings:

  • Dow advanced 528.58 points or 1.58% to 34,005.04
  • S&P 500 advanced 56.18 points or 1.43% to 3,990.56
  • Nasdaq advanced 139.12  points or 1.26% to 11,143.74
  • Russell 2000 advanced 21.95 points or 1.22% to 1,818.61

 

Canada Market Closings:

  • TSX Composite advanced 72.63 points or 0.36% to 1,211.9
  • TSX 60 advanced 3.84 points or 0.32% to 1,211.9

 

Brazil Market Closing:

  • Bovespa declined 2,176.23 points or -2.02% to 105,343.33

 

ENERGY:

 

The oil markets had a green day today:

 

  • Crude Oil increased 1.742 USD/BBL or 2.45% to 72.762
  • Brent increased 1.406 USD/BBL or 1.85% to 77.506
  • Natural gas increased 0.5122 USD/MMBtu or 8.20% to 6.7572
  • Gasoline increased 0.021 USD/GAL or 1.02% to 2.0771
  • Heating oil increased 0.1622 USD/GAL or 5.81% to 2.9559

 

The above data was collected around 12:45 EST on Monday

 

  • Top commodity gainers: Natural Gas (8.20%), Heating Oil (5.81%), Wheat (3.09%) and Potatoes (3.57%)
  • Top commodity losers: Orange Juice (-3.35%), Oat (-7.42%), Palm Oil (-6.46%) and Palladium (-3.43%)

 

The above data was collected around 12:52 EST Monday.

 

 

BONDS:

 

Japan 0.251%(+0.1bp), US 2’s 4.38% (+0.048%), US 10’s 3.5855% (+1.85bps); US 30’s 3.56% (+0.007%), Bunds 1.941% (+1.6bp), France 2.408% (+1.6bp), Italy 3.835% (+1.6bp), Turkey 10.95% (+22bp), Greece 3.984% (+0.2bp), Portugal 2.875% (+1.6bp); Spain 2.963% (+1.4bp) and UK Gilts 3.204% (+2.3bp).