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Market Talk – December 2, 2022

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ASIA:

The major Asian stock markets had a negative day today:
• NIKKEI 225 decreased 448.18 points or -1.59% to 27,777.90
• Shanghai decreased 9.33 points or -0.29% to 3,156.14
• Hang Seng decreased 61.09 points or -0.33% to 18,675.35
• Kospi decreased 45.51 points or -1.84% to 2,434.33
• ASX 200 decreased 52.90 points or -0.72% to 7,301.50
• SENSEX decreased 415.69 points or -0.66% to 62,868.50
• Nifty50 decreased 116.40 points or -0.62% to 18,696.10
The major Asian currency markets had a mixed day today:
• AUDUSD decreased 0.00042 or -0.06% to 0.68073
• NZDUSD increased 0.00354 or 0.56% to 0.64034
• USDJPY decreased 0.605 or -0.45% to 134.651
• USDCNY decreased 0.01386 or -0.20% to 7.02384
Precious Metals:
•  Gold decreased 7.33 USD/t oz. or -0.41% to 1,795.56
•  Silver increased 0.317 USD/t. oz or 1.39% to 23.082
Some economic news from last night:
South Korea:
CPI (YoY) (Nov) decreased from 5.7% to 5.0%
Australia:
Home Loans (MoM) increased from -4.8% to -2.9%
Retail Sales (MoM) decreased from 0.6% to -0.2%
Some economic news from today:
India:
Bank Loan Growth increased from 17.0% to 17.2%
Deposit Growth increased from 8.2% to 9.6%
FX Reserves, USD increased from 547.25B to 550.14B
EUROPE/EMEA:
The major Europe stock markets had a mixed day:
•  CAC 40 decreased 11.72 points or -0.17% to 6,742.25
•  FTSE 100 decreased 2.26 points or -0.03% to 7,556.23
•  DAX 30 increased 39.09 points or 0.27% to 14,529.39
The major Europe currency markets had a green day today:
• EURUSD increased 0.00032 or 0.03% to 1.05292
• GBPUSD increased 0.00268 or 0.22% to 1.22861
• USDCHF increased 0.00014 or 0.01% to 0.93704
Some economic news from Europe today:
Germany:
German Trade Balance (Oct) increased from 2.8B to 6.9B
Spain:
Spanish Unemployment Change decreased from -27.0K to -33.5K

US/AMERICAS:

US Market Closings:

  • Dow advanced 34.87 points or 0.1% to 34,429.88
  • S&P 500 declined 4.87 points or -0.12% to 4,071.7
  • Nasdaq declined 20.95 points or -0.18% to 11,461.5
  • Russell 2000 advanced 11.16 points or 0.59% to 1,892.84

 

Canada Market Closings:

  • TSX Composite declined 39.79 points or -0.19% to 20,485.66
  • TSX 60 declined 3.28 points or -0.26% to 1,239.14

 

Brazil Market Closing:

  • Bovespa advanced 998.33 points or 0.9% to 111,923.33

 

ENERGY:
The oil markets had a negatigve day today:
•  Crude Oil decreased 0.426 USD/BBL or -0.52% to 80.794
•  Brent decreased 0.392 USD/BBL or -0.45% to 86.488
•  Natural gas decreased 0.25 USD/MMBtu or -3.71% to 6.4880
•  Gasoline decreased 0.0346 USD/GAL or -1.48% to 2.3074
•  Heating oil decreased 0.0633 USD/GAL or -1.94% to 3.1991
The above data was collected around 12:36 EST on Friday
•  Top commodity gainers: HRC Steel (2.12%), Orange Juice (2.78%), Canola (2.54%) and Aluminum (2.21%)
•  Top commodity losers: Coffee (-5.28%), Lumber (-3.26%), Platinum (-2.54%) and Natural Gas (-3.71%)
The above data was collected around 12:43 EST Friday.
BONDS:
Japan 0.255%(+0bp), US 2’s 4.32% (+0.063%), US 10’s 3.5609% (+3.39bps); US 30’s 3.60% (-0.032%), Bunds 1.849% (+2.6bp), France 2.312% (+4.6bp), Italy 3.772% (+6.5bp), Turkey 10.44% (-7bp), Greece 3.879% (-1.5bp), Portugal 2.793% (+3.7bp); Spain 2.871% (+5.1bp) and UK Gilts 3.137% (+3.6bp).