Market Talk – January 5, 2023

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ASIA:

 

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 increased 103.94 points or 0.40% to 25,820.80
  • Shanghai increased 31.70 points or 1.01% to 3,155.22
  • Hang Seng increased 259.06 points or 1.25% to 21,052.17
  • ASX 200 increased 4.40 points or 0.06% to 7,063.60
  • Kospi increased 8.67 points or 0.38% to 2,264.65
  • SENSEX decreased 304.18 points or -0.50% to 60,353.27
  • Nifty50 decreased 50.80 points or -0.28% to 17,992.15

 

 

The major Asian currency markets had a mixed day today:

  • AUDUSD decreased 0.0089 or -1.30% to 0.67430
  • NZDUSD decreased 0.00707 or -1.12% to 0.62223
  • USDJPY increased 0.677 or 0.51% to 133.297
  • USDCNY decreased 0.00835 or -0.12% to 6.89055

 

Precious Metals:

  • Gold decreased 21.25 USD/t oz. or -1.15% to 1,832.84
  • Silver decreased 0.545 USD/t. oz or -2.29% to 23.191

 

Some economic news from last night:

China:

Caixin Services PMI (Dec) increased from 46.7 to 48.0

 

Some economic news from today:

Japan:

Household Confidence (Dec) increased from 28.6 to 30.3

 

 

EUROPE/EMEA:

 

The major Europe stock markets had a mixed day:

  • CAC 40 decreased 14.93 points or -0.22% to 6,761.50
  • FTSE 100 increased 48.26 points or 0.64% to 7,633.45
  • DAX 30 decreased 54.47 points or -0.38% to 14,436.31

 

The major Europe currency markets had a mixed day today:

  • EURUSD decreased 0.00726 or -0.68% to 1.05264
  • GBPUSD decreased 0.01399 or -1.16% to 1.19131
  • USDCHF increased 0.00667 or 0.72% to 0.93607

 

 

Some economic news from Europe today:

UK:

Composite PMI (Dec) increased from 48.2 to 49.0

Services PMI (Dec) increased from 48.8 to 49.9

Italy:

Italian CPI (MoM) (Dec) decreased from 0.5% to 0.3%

Germany:

German Trade Balance (Nov) increased from 6.9B to 10.8B

 

US/AMERICAS:

A strong jobs report came as unwelcome news for the markets as the Federal Reserve aims to ease the labor market. According to the ADP, private payrolls gained 235,000 positions in December, far exceeding estimates of 153,000. The service sector led jobs gains (213,000), followed by leisure and hospitality (123,000), professional and business services (52,000), education and health (42,000), and the goods-producing sector (22,000). Pay rose 7.3% on average compared to December 2021 as the cost of living continues to increase. Despite gains, there are still not enough workers to fill jobs, with 1.7 openings available per worker.

US Market Closings:

  • Dow declined 339.69 points or -1.02% to 32,930.08
  • S&P 500 declined 44.87 points or -1.16% to 3,808.1
  • Nasdaq declined 153.52 points or -1.47% to 10,305.24
  • Russell 2000 declined 19.35 points or -1.09% to 1,753.19

 

Canada Market Closings:

  • TSX Composite declined 81.99 points or -0.42% to 19,506.84
  • TSX 60 declined 5.16 points or -0.44% to 1,176.64

 

Brazil Market Closing:

  • Bovespa advanced 2,306.86 points or 2.19% to 107,641.32

 

 

ENERGY:

 

The oil markets had a mixed day today:

 

  • Crude Oil increased 0.83 USD/BBL or 1.14% to 73.670
  • Brent increased 0.824 USD/BBL or 1.06% to 78.664
  • Natural gas decreased 0.4853 USD/MMBtu or -11.63% to 3.6867
  • Gasoline increased 0.0093 USD/GAL or 0.41% to 2.2685
  • Heating oil decreased 0.0416 USD/GAL or -1.40% to 2.9303

 

The above data was collected around 12:31 EST on Thursday

 

  • Top commodity gainers: Crude Oil (1.14%), Rhodium (1.22%), Cotton (3.38%) and Copper (1.78%)
  • Top commodity losers: Natural Gas (-11.63%), Palladium (-3.07%), Cheese (-5.90%) and Milk (-6.69%)

 

The above data was collected around 12:48 EST Thursday.

 

 

BONDS:

 

Japan 0.422% (-3.6bp), US 2’s 4.46% (+0.073%), US 10’s 3.7162% (+0.72bps); US 30’s 3.79% (-0.033%), Bunds 2.303% (+2.4bp), France 2.807% (+3.7bp), Italy 4.317% (+5.8bp), Turkey 8.70% (-30bp), Greece 4.414% (-9.4bp), Portugal 3.318% (+3.5bp); Spain 3.381% (+7.9bp) and UK Gilts 3.546% (+5.2bp).