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Market Talk – December 6, 2022

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ASIA:

 

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 increased 65.47 points or 0.24% to 27,885.87
  • Shanghai increased 0.72 points or 0.02% to 3,212.53
  • Hang Seng decreased 77.11 points or -0.40% to 19,441.18
  • Kospi decreased 26.16 points or -1.08% to 2,393.16
  • ASX 200 decreased 34.30 points or -0.47% to 7,291.30
  • SENSEX decreased 208.24 points or -0.33% to 62,626.36
  • Nifty50 decreased 58.30 points or -0.31% to 18,642.75

 

 

The major Asian currency markets had a mixed day today:

  • AUDUSD decreased 0.00083 or -0.12% to 0.66926
  • NZDUSD increased 0.00026 or 0.04% to 0.63176
  • USDJPY increased 0.179 or 0.13% to 136.867
  • USDCNY increased 0.00385 or 0.06% to 6.97775

 

Precious Metals:

  • Gold increased 2.17 USD/t oz. or 0.12% to 1,770.56
  • Silver decreased 0.108 USD/t. oz or -0.49% to 22.142

 

Some economic news from last night:

Japan:

Household Spending (YoY) (Oct) decreased from 2.3% to 1.2%

Household Spending (MoM) (Oct) decreased from 1.8% to 1.1%

Australia:

Current Account (Q3) decreased from 14.7B to -2.3B

RBA Interest Rate Decision (Dec) increased from 2.85% to 3.10%

 

Some economic news from today:

New Zealand:

GlobalDairyTrade Price Index decreased from 2.4% to 0.6%

 

 

EUROPE/EMEA:

 

The major Europe stock markets had a negative day:

 

  • CAC 40 decreased 9.17 points or -0.14% to 6,687.79
  • FTSE 100 decreased 46.15 points or -0.61% to 7,521.39
  • DAX 30 decreased 104.42 points or -0.72% to 14,343.19

 

The major Europe currency markets had a mixed day today:

  • EURUSD decreased 0.00374 or -0.36% to 1.04604
  • GBPUSD decreased 0.005 or -0.41% to 1.21405
  • USDCHF increased 0.00025 or 0.03% to 0.94255

 

 

 

Some economic news from Europe today:

Germany:

German Factory Orders (MoM) (Oct) increased from -2.9% to 0.8%

UK:

Construction PMI (Nov) decreased from 53.2 to 50.4

BRC Retail Sales Monitor (YoY) (Nov) increased from 1.2% to 4.1%

 

US/AMERICAS:

US Market Closings:

  • Dow declined 350.76 points or -1.03% to 33,596.34
  • S&P 500 declined 57.58 points or -1.44% to 3,941.26
  • Nasdaq declined 225.05 points or -2% to 11,014.89
  • Russell 2000 declined 27.65 points or -1.5% to 1,812.58

 

Canada Market Closings:

  • TSX Composite declined 252.09 points or -1.25% to 19,990.17
  • TSX 60 declined 14.24 points or -1.16% to 1,211.99

 

Brazil Market Closing:

  • Bovespa advanced 787.16 points or 0.72% to 110,188.57

 

ENERGY:

 

The oil markets had a negative day today:

 

  • Crude Oil decreased 2.524 USD/BBL or -3.28% to 74.406
  • Brent decreased 3.397 USD/BBL or -4.11% to 79.284
  • Natural gas decreased 0.1253 USD/MMBtu or -2.25% to 5.4517
  • Gasoline decreased 0.0556 USD/GAL or -2.53% to 2.1463
  • Heating oil decreased 0.0832 USD/GAL or -2.77% to 2.9166

 

The above data was collected around 14:37 EST on Tuesday

 

  • Top commodity gainers: Soybeans (1.27%), Lumber (6.14%), Palm Oil (3.20%) and Orange Juice (1.58%)
  • Top commodity losers: Brent (-4.11%), Crude Oil (-3.28%), Oat (-3.37%) and Bitumen (-4.37%)

 

The above data was collected around 14:48 EST Tuesday.

 

 

BONDS:

 

Japan 0.265%(+1.4bp), US 2’s 4.35% (-0.042%), US 10’s 3.5132% (-8.58bps); US 30’s 3.53% (-0.089%), Bunds 1.776% (-10.8bp), France 2.237% (-8.8bp), Italy 3.649% (-10.5bp), Turkey 10.53% (+5bp), Greece 3.789% (-8.4bp), Portugal 2.72% (-8.5bp); Spain 2.792% (-8.8bp) and UK Gilts 3.086% (-1bp).