As we prepare for this year’s World Economic Conference (December 4 and 5), please be advised the Market Talk blog posts will return on Monday, December 7. For those of you who have signed up for a virtual ticket, you still have time! Click here to register: https://armstrongeconomics.ticketspice.com/2020-world-economic-conference-us
ASIA:
The major Asian stock markets had a mixed day today:
- NIKKEI 225 increased 8.39 points or 0.03% to 26,809.37
- Shanghai decreased 7.24 points or -0.21% to 3,442.14
- Hang Seng increased 195.92 points or 0.74% to 26,728.50
- ASX 200 increased 25.10 points or 0.38% to 6,615.30
- Kospi increased 20.32 points or 0.76% to 2,696.22
- SENSEX increased 14.61 points or 0.03% to 44,632.65
- Nifty50 increased 20.15 points or 0.15% to 13,133.90
The major Asian currency markets had a mixed day today:
- AUDUSD increased 0.00246 or 0.33% to 0.74423
- NZDUSD increased 0.00075 or 0.11% to 0.70780
- USDJPY decreased 0.62 or -0.59% to 103.85
- USDCNY decreased 0.00903 or -0.14% to 6.53300
Precious Metals:
- Gold increased 6.24 USD/t oz. or 0.34% to 1,837.25
- Silver decreased 0.112 USD/t. oz or -0.46% to 23.990
Some economic news from last night:
China:
Caixin Services PMI (Nov) increased from 56.8 to 57.8
Japan:
Foreign Bonds Buying decreased from 1,964.8B to 372.4B
Foreign Investments in Japanese Stocks increased from -1,193.3B to 457.7B
Services PMI (Nov) increased from 47.7 to 47.8
South Korea:
FX Reserves – USD (Nov) increased from 426.51B to 436.38B
Hong Kong:
Manufacturing PMI (Nov) increased from 49.8 to 50.1
Australia:
AIG Construction Index (Nov) increased from 52.7 to 55.3
Services PMI increased from 53.7 to 55.1
Exports (MoM) (Oct) increased from 4% to 5%
Home Loans (MoM) decreased from 6.0% to 0.8%
Imports (MoM) (Oct) increased from -6% to 1%
Invest Housing Finance (MoM) decreased from 5.2% to 0.3%
Trade Balance (Oct) increased from 5.630B to 7.456B
New Zealand:
Building Consents (MoM) (Oct) increased from 3.6% to 8.8%
ANZ Commodity Price Index (MoM) decreased from 2.0% to 0.9%
Some economic news from today:
India:
Nikkei Services PMI (Nov) decreased from 54.1 to 53.7
Singapore:
Manufacturing PMI (Nov) decreased from 50.5 to 50.4
EUROPE/EMEA:
The major Europe stock markets had a mixed day:
- CAC 40 decreased 8.65 points or -0.16% to 5,574.36
- FTSE 100 increased 26.88 points or 0.42% to 6,490.27
- DAX 30 decreased 60.38 points or -0.45% to 13,252.86
The major Europe currency markets had a mixed day today:
- EURUSD increased 0.00284 or 0.23% to 1.21428
- GBPUSD increased 0.01122 or 0.84% to 1.34827
- USDCHF decreased 0.00298 or -0.33% to 0.89169
Some economic news from Europe today:
Spain:
Spanish Services PMI (Nov) decreased from 41.4 to 39.5
Italy:
Italian Composite PMI (Nov) decreased from 49.2 to 42.7
Italian Services PMI (Nov) decreased from 46.7 to 39.4
France:
French Markit Composite PMI (Nov) decreased from 47.5 to 40.6
French Services PMI (Nov) decreased from 46.5 to 38.8
Germany:
German Composite PMI (Nov) decreased from 55.0 to 51.7
German Services PMI (Nov) decreased from 49.5 to 46.0
UK:
Composite PMI (Nov) decreased from 52.1 to 49.0
Services PMI (Nov) decreased from 51.4 to 47.6
Norway:
House Price Index (YoY) (Nov) increased from 7.10% to 7.80%
Euro Zone:
Markit Composite PMI (Nov) decreased from 50.0 to 45.3
Services PMI (Nov) decreased from 46.9 to 41.7
Retail Sales (YoY) (Oct) increased from 2.5% to 4.3%
Retail Sales (MoM) (Oct) increased from -1.7% to 1.5%
US/AMERICAS:
US Market Closings:
- Dow advanced 86.71 points or 0.29% to 29,970.5
- S&P 500 declined 2.27 points or -0.06% to 3,666.74
- Nasdaq advanced 27.82 points or 0.23% to 12,377.18
- Russell 2000 advanced 10.67 points or 0.58% to 1,848.7
Canada Market Closings:
- TSX Composite advanced 39.81 points or 0.23% to 17,398.02
- TSX 60 advanced 1.05 points or 0.1% to 1,035.48
Brazil Market Closing:
- Bovespa advanced 413.06 points or 0.37% to 112,291.59
ENERGY:
The oil markets had a mixed day today:
- Crude Oil increased 0.46 USD/BBL or 1.02% to 45.7400
- Brent increased 0.55 USD/BBL or 1.14% to 48.8000
- Natural gas decreased 0.25 USD/MMBtu or -8.99% to 2.5300
- Gasoline increased 0.0208 USD/GAL or 1.68% to 1.2607
- Heating oil increased 0.0262 USD/GAL or 1.92% to 1.3924
The above data was collected around 13:15 EST on Thursday
- Top commodity gainers: Heating Oil (1.92%), Bitumen (2.60%), Coal (2.18%), and Oat (3.02%)
- Top commodity losers: Natural Gas (-8.99%), Feeder Cattle (-1.53%), Palladium (-3.96%), and Soda Ash (-2.81%)
The above data was collected around 13:25 EST on Thursday.
BONDS:
Japan 0.03%(+1bp), US 2’s 0.15%(-0.010%), US 10’s 0.92%(-3bps); US 30’s 1.67%(-0.034%), Bunds -0.53% (-1bp), France -0.29% (-0bp), Italy 0.56% (-4bp), Turkey 12.45% (+22bp), Greece 0.63% (-7bp), Portugal 0.04% (-3bp); Spain 0.07% (-3bp) and UK Gilts 0.33% (-3bp).
- US 4-Week Bill Auction decreased from 0.080% to 0.075%
- US 8-Week Bill Auction decreased from 0.080% to 0.075%
