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Market Talk – July 6, 2022

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ASIA:

 

The major Asian stock markets had a mixed day today:

 

  • NIKKEI 225 decreased 315.82 points or -1.20% to 26,107.65

 

  • Shanghai decreased 48.68 points or -1.43% to 3,355.35

 

  • Hang Seng decreased 266.41 points or -1.22% to 21,586.66

 

  • ASX 200 decreased 34.80 points or -0.52% to 6,594.50

 

  • Kospi decreased 49.77 points or -2.13% to 2,292.01

 

  • SENSEX increased 616.62 points or 1.16% to 53,750.97

 

  • Nifty50 increased 178.95 points or 1.13% to 15,989.80

 

The major Asian currency markets had a mixed day today:

 

  • AUDUSD decreased 0.0022 or -0.32% to 0.67702

 

  • NZDUSD decreased 0.00323 or -0.52% to 0.61357

 

  • USDJPY increased 0.209 or 0.15% to 135.687

 

  • USDCNY increased 0.00328 or 0.05% to 6.71508

 

Precious Metals:

 

l Gold decreased 31.57 USD/t oz. or -1.79% to 1,732.78

 

l Silver decreased 0.089 USD/t. oz or -0.47% to 19.103

 

Some economic news from last night:

 

Hong Kong:

 

Manufacturing PMI (Jun) decreased from 54.9 to 52.4

 

 

EUROPE/EMEA:

 

The major Europe stock markets had a green day:

 

l CAC 40 increased 117.42 points or 2.03% to 5,912.38

 

l FTSE 100 increased 82.30 points or 1.17% to 7,107.77

 

l DAX 30 increased 193.32 points or 1.56% to 12,594.52

 

The major Europe currency markets had a mixed day today:

 

  • EURUSD decreased 0.00936 or -0.91% to 1.01696

 

  • GBPUSD decreased 0.0054 or -0.45% to 1.18965

 

  • USDCHF increased 0.00348 or 0.36% to 0.97178

 

Some economic news from Europe today:

 

Germany:

 

German Factory Orders (MoM) (May) increased from -1.8% to 0.1%

 

IHS S&P Global Construction PMI (Jun) increased from 45.4 to 45.9

 

Spain:

 

Spanish Industrial Production (YoY) (May) increased from 2.3% to 3.8%

 

UK:

 

Construction PMI (Jun) decreased from 56.4 to 52.6

 

Housing Equity Withdrawal (QoQ) increased from -10.4B to -6.9B

 

Euro Zone:

 

Retail Sales (YoY) (May) decreased from 4.0% to 0.2%

 

Retail Sales (MoM) (May) increased from -1.4% to 0.2%

US/AMERICAS:

 

US Market Closings:

  • Dow advanced 69.86 points or 0.23% to 31,037.68
  • S&P 500 advanced 13.69 points or 0.36% to 3,845.08
  • Nasdaq advanced 39.61 points or 0.35% to 11,361.85
  • Russell 2000 declined 13.78 points or -0.79% to 1,727.55

Canada Market Closings:

  • TSX Composite declined 104.5 points or -0.55% to 18,729.66
  • TSX 60 declined 6.62 points or -0.58% to 1,140.84

 

Brazil Market Closing:

  • Bovespa advanced 424.34 points or 0.43% to 98,718.98

 

ENERGY:

 

The oil markets had a mixed day today:

 

  • Crude Oil decreased 2.92 USD/BBL or -2.93% to 96.560

 

  • Brent decreased 3.12 USD/BBL or -3.04% to 99.65

 

  • Natural gas increased 0.02 USD/MMBtu or 0.36% to 5.5430

 

  • Gasoline decreased 0.1112 USD/GAL or -3.34% to 3.2178

 

  • Heating oil decreased 0.2158 USD/GAL or -5.99% to 3.3858

 

  • Top commodity gainers: Orange Juice (6.10%), Oat (2.12%), Lean Hogs (1.29%) and Aluminum (1.25%)

 

  • Top commodity losers: Brent (-3.04%), Gasoline (-3.34%), Bitumen (-3.97%) and Heating Oil (-5.99%)

 

The above data was collected around 12:37 EST on Wednesday.

 

BONDS:

 

Japan 0.245%(+2.5bp), US 2’s 2.91% (+0.090%), US 10’s 2.8931% (+8.21bps); US 30’s 3.12% (+0.085%), Bunds 1.169% (-1.8bp), France 1.7770% (-3.3bp), Italy 3.278% (+0.7bp), Turkey 18.17% (-8bp), Greece 3.301% (-10.6bp), Portugal 2.307% (-0.6bp); Spain 2.292% (-1.4bp) and UK Gilts 2.1010% (+4.8bp).