Skip to content

Market Talk – June 22, 2023

Spread the love

Market Talk 2017 300x200

ASIA:

 

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 decreased 310.26 points or -0.92% to 33,264.88
  • Shanghai closed
  • Hang Seng closed
  • ASX 200 decreased 119.40 points or -1.63% to 7,195.50
  • Kospi increased 11.07 points or 0.43% to 2,593.70
  • SENSEX decreased 284.26 points or -0.45% to 63,238.89
  • Nifty50 decreased 85.60 points or -0.45% to 18,771.25

 

 

The major Asian currency markets had a mixed day today:

  • AUDUSD decreased 0.00444 or -0.65% to 0.67516
  • NZDUSD decreased 0.00184 or -0.30% to 0.61836
  • USDJPY increased 1.028 or 0.72% to 142.908
  • USDCNY increased 0.02444 or 0.34% to 7.20054

 

Precious Metals:

  • Gold decreased 16.67 USD/t oz. or -0.86% to 1,915.59
  • Silver decreased 0.172 USD/t. oz or -0.76% to 22.468

 

Some economic news from last night:

Japan:

Foreign Bonds Buying increased from 17.8B to 1,056.2B

Foreign Investments in Japanese Stocks decreased from 1,323.0B to 535.1B

 

No economic news from today:

 

 

EUROPE/EMEA:

 

The major Europe stock markets had a negative day today:

  • CAC 40 decreased 57.69 points or -0.79% to 7,203.28
  • FTSE 100 decreased 57.15 points or -0.76% to 7,502.03
  • DAX 30 decreased 34.97 points or -0.22% to 15,988.16

 

The major Europe currency markets had a mixed day today:

  • EURUSD decreased 0.00317 or -0.29% to 1.09523
  • GBPUSD decreased 0.00317 or -0.25% to 1.27373
  • USDCHF increased 0.00378 or 0.42% to 0.89678

 

Some economic news from Europe today:

Swiss:

SNB Interest Rate Decision (Q2) increased from 1.50% to 1.75%

UK:

BoE Interest Rate Decision (Jun) increased from 4.50% to 5.00%

 

US/AMERICAS:

According to the National Association of Realtors, sales of previously owned homes were flat in May 2023, with a seasonally adjusted annual rate of 4.28 million units, compared to 4.28 million in April. The inventory of unsold existing homes increased 7.2% from the previous month to 1.04 million at the end of April, or the equivalent of 2.9 months’ supply at the current monthly sales pace. The median existing-home price for all housing types was $375,700, a decline of 0.9% from March 2022. The decline in home sales is due to several factors, including high prices and fluctuating mortgage rates.

US Market Closings:

  • Dow declined 4.81 points or -0.01% to 33,946.71
  • S&P 500  advanced 16.2 points or 0.37% to 4,381.89
  • Nasdaq advanced 128.41 points or 0.95% to 13,630.61
  • Russell 2000 declined 14.84 points or -0.8% to 1,848.18

 

Canada Market Closings:

  • TSX Composite declined 125.05 points or -0.63% to 19,580.9
  • TSX 60 declined 6.28 points or -0.53% to 1,179.51

 

Brazil Market Closing:

  • Bovespa declined 1,486.06 points or -1.23% to 118,934.2

 

ENERGY:

 

The oil markets had a negative day today:

 

  • Crude Oil decreased 2.938 USD/BBL or -4.05% to 69.592
  • Brent decreased 3.059 USD/BBL or -3.97% to 74.061
  • Natural gas decreased 0.0277 USD/MMBtu or -1.07% to 2.5693
  • Gasoline decreased 0.0735 USD/GAL or -2.80% to 2.5506
  • Heating oil decreased 0.091 USD/GAL or -3.55% to 2.4732

 

The above data was collected around 12:34 EST on Thursday

 

  • Top commodity gainers: HRC Steel (1.77%), Zinc (1.22%), Orange Juice (0.87%) and Lumber (0.87%)
  • Top commodity losers: Palladium (-5.00%), Rapeseed (-3.81%), Crude Oil (-4.05%) and Brent (-3.97%)

 

The above data was collected around 12:46 EST Thursday.

 

 

BONDS:

 

Japan 0.380% (+0.5bp), US 2’s 4.78% (+0.075%), US 10’s 3.7946% (+7.16bps); US 30’s 3.87% (+0.058%), Bunds 2.489% (+6bp), France 3.023% (+6.4bp), Italy 4.131% (+8.4bp), Turkey 16.23% (-21bp), Greece 3.749% (+1.4bp), Portugal 3.199% (+7.8bp); Spain 3.454% (+8.4bp) and UK Gilts 4.364% (-4bp).