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Market Talk – December 5, 2022

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ASIA:

 

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 increased 42.50 points or 0.15% to 27,820.40
  • Shanghai increased 55.67 points or 1.76% to 3,211.81
  • Hang Seng increased 842.94 points or 4.51% to 19,518.29
  • Kospi decreased 15.01 points or -0.62% to 2,419.32
  • ASX 200 increased 24.10 points or 0.33% to 7,325.60
  • SENSEX decreased 33.90 points or -0.05% to 62,834.60
  • Nifty50 increased 4.95 points or 0.03% to 18,701.05

 

 

The major Asian currency markets had a mixed day today:

  • AUDUSD decreased 0.00962 or -1.42% to 0.67009
  • NZDUSD decreased 0.00928 or -1.45% to 0.63152
  • USDJPY increased 2.353 or 1.75% to 136.670
  • USDCNY decreased 0.0406 or -0.58% to 6.97700

 

Precious Metals:

  • Gold decreased 30.68 USD/t oz. or -1.71% to 1,767.14
  • Silver decreased 0.916 USD/t. oz or -3.96% to 22.211

 

Some economic news from last night:

China:

Caixin Services PMI (Nov) decreased from 48.4 to 46.7

Japan:

Services PMI (Nov) increased from 50.0 to 50.3

Hong Kong:

Manufacturing PMI (Nov) decreased from 49.3 to 48.7

 

Some economic news from today:

India:

Nikkei Services PMI (Nov) increased from 55.1 to 56.4

 

 

EUROPE/EMEA:

 

The major Europe stock markets had a mixed day:

 

  • CAC 40 decreased 45.29 points or -0.67% to 6,696.96
  • FTSE 100 increased 11.31 points or 0.15% to 7,567.54
  • DAX 30 decreased 81.78 points or -0.56% to 14,447.61

 

The major Europe currency markets had a mixed day today:

  • EURUSD decreased 0.0053 or -0.50% to 1.04871
  • GBPUSD decreased 0.01205 or -0.98% to 1.21701
  • USDCHF increased 0.006 or 0.64% to 0.94270

 

 

 

Some economic news from Europe today:

Germany:

German Services PMI (Nov) decreased from 46.5 to 46.1

Spain:

Spanish Services PMI (Nov) increased from 49.7 to 51.2

Italy:

Italian Services PMI (Nov) increased from 46.4 to 49.5

France:

French Services PMI (Nov) decreased from 51.7 to 49.3

UK:

Composite PMI (Nov) remain the same at 48.2

Services PMI (Nov) remain the same at 48.8

Euro Zone:

S&P Global Composite PMI (Nov) increased from 47.3 to 47.8

Services PMI (Nov) decreased from 48.6 to 48.5

Retail Sales (MoM) (Oct) decreased from 0.8% to -1.8%

 

US/AMERICAS:

US Market Closings:

  • Dow declined 482.78 points or -1.4% to 33,947.1
  • S&P 500 declined 72.86 points or -1.79% to 3,998.84
  • Nasdaq declined 221.56 points or -1.93% to 11,239.94
  • Russell 2000 declined 52.62 points or -2.78% to 1,840.22

 

Canada Market Closings:

  • TSX Composite declined 243.4 points or -1.9% to 20,242.26
  • TSX 60 declined 12.91 points or -1.04% to 1,226.23

 

Brazil Market Closing:

  • Bovespa declined 2,522.52 points or -2.25% to 109,401.41

 

ENERGY:

 

The oil markets had a negative day today:

 

  • Crude Oil decreased 2.733 USD/BBL or -3.42% to 77.247
  • Brent decreased 2.898 USD/BBL or -3.39% to 82.672
  • Natural gas decreased 0.6825 USD/MMBtu or -10.87% to 5.5985
  • Gasoline decreased 0.0742 USD/GAL or -3.25% to 2.2062
  • Heating oil decreased 0.163 USD/GAL or -5.14% to 3.0055

 

The above data was collected around 14:30 EST on Monday

 

  • Top commodity gainers: Coal (2.30%), Steel (1.22%), Potatoes (2.05%) and Zinc (1.19%)
  • Top commodity losers: Heating Oil (-5.14%), Crude Oil (-3.42%), Silver (-3.96%) and Natural Gas (-10.87%)

 

The above data was collected around 14:37 EST Monday.

 

 

BONDS:

 

Japan 0.251%(-0.4bp), US 2’s 4.39% (+0.105%), US 10’s 3.5993% (+9.63bps); US 30’s 3.63% (+0.065%), Bunds 1.892% (+3.7bp), France 2.331% (+3.3bp), Italy 3.754% (+0.2bp), Turkey 10.48% (+4bp), Greece 3.873% (+0.1bp), Portugal 2.815% (+2.1bp); Spain 2.88% (+2.5bp) and UK Gilts 3.096% (-5.1bp).