ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 increased 171.08 or 0.59% to 29,277.86
• Shanghai increased 40.32 or 1.15% to 3,532.79
• Hang Seng increased 251.85 points or 1.01% to 25,247.99
• ASX 200 decreased 42.00 points or -0.57 to 7,381.90
• Kospi decreased 5.25 points or -0.18% to 2,924.92
• SENSEX decreased 433.13 points or -0.72% to 59,919.69
• Nifty50 decreased 143.60 points or -0.80% to 17,873.60
The major Asian currency markets had a mixed day today:
• AUDUSD decreased 0.00355 or -0.48% to 0.72938
• NZDUSD decreased 0.00428 or -0.61% to 0.70212
• USDJPY increased 0.17 or 0.15% to 114.04
• USDCNY decreased 0.01154 or -0.18% to 6.38803
Precious Metals:
• Gold increased 12.5 USD/t oz. or 0.68% to 1,862.07
• Silver increased 0.546 USD/t. oz or 2.22% to 25.170
Some economic news from last night:
Japan:
Foreign Bonds Buying increased from -524.8B to 1,289.8B
Foreign Investments in Japanese Stocks decreased from 411.5B to 147.0B
PPI (MoM) (Oct) increased from 0.3% to 1.2%
PPI (YoY) (Oct) increased from 6.3% to 8.0%
South Korea:
M2 Money supply (Sep) decreased from 10.30% to 9.60%
Australia:
Employment Change (Oct) increased from -138.0K to -46.3K
Full Employment Change (Oct) decreased from 26.7K to -40.4K
Participation Rate (Oct) increased from 64.5% to 64.7%
Unemployment Rate (Oct) increased from 4.6% to 5.2%
New Zealand:
FPI (MoM) (Oct) decreased from 0.5% to -0.9%
No economic news from today:
EUROPE/EMEA:
The major Europe stock markets had a green day:
• CAC 40 increased 14.39 points or 0.20% to 7,059.55
• FTSE 100 increased 44.03 points or 0.60% to 7,384.18
• DAX 30 increased 15.28 points or 0.10% to 16,083.11
The major Europe currency markets had a mixed day today:
• EURUSD decreased 0.00247 or -0.22% to 1.14604
• GBPUSD decreased 0.00378 or -0.28% to 1.33742
• USDCHF increased 0.0025 or 0.27% to 0.92045
Some economic news from Europe today:
UK:
NIESR Monthly GDP Tracker decreased from 1.3% to 1.0%
Thomson Reuters IPSOS PCSI (Nov) decreased from 52.4 to 49.8
Business Investment (YoY) (Q3) decreased from 12.9% to 0.8%
Business Investment (QoQ) (Q3) decreased from 4.5% to 0.4%
U.K. Construction Output (YoY) (Sep) decreased from 10.1% to 7.2%
Construction Output (MoM) (Sep) increased from -0.7% to 1.3%
GDP (QoQ) (Q3) decreased from 5.5% to 1.3%
GDP (YoY) (Q3) decreased from 23.6% to 6.6%
GDP (MoM) increased from 0.4% to 0.6%
Index of Services decreased from 3.5% to 1.6%
Industrial Production (MoM) (Sep) decreased from 1.0% to -0.4%
Industrial Production (YoY) (Sep) decreased from 3.7% to 2.9%
Manufacturing Production (YoY) (Sep) decreased from 4.1% to 2.8%
Manufacturing Production (MoM) (Sep) decreased from 0.3% to 0.1%
Monthly GDP 3M/3M Change decreased from 2.9% to 1.3%
Trade Balance (Sep) increased from -14.93B to -14.74B
Trade Balance Non-EU (Sep) decreased from -8.40B to -9.10B
Italy:
Italy Thomson Reuters IPSOS PCSI (Nov) decreased from 48.33 to 46.76
Germany:
Germany Thomson Reuters IPSOS PCSI (Nov) decreased from 56.68 to 54.59
France:
France Thomson Reuters IPSOS PCSI (Nov) increased from 46.61 to 48.13
US/AMERICAS:
The Internal Revenue Services (IRS) announced that Americans should expect to see higher tax brackets in 2022 due to inflation. The majority of brackets ran around 3% in 2021, which is the highest level in four years. For 2022:
For single individuals:
10%: Taxable income up to $10,275 12%: Taxable income between $10,275 and $41,775 22%: Taxable income between $41,775 to $89,075 24%: Taxable income between $89,075 to $170,050 32%: Taxable income between $170,050 to $215,950 35%: Taxable income between $215,950 to $539,900 37%: Taxable income over $539,900
For married individuals filing jointly:
10%: Taxable income up to $20,550 12%: Taxable income between $20,550 to $83,550 22%: Taxable income between $83,550 to $178,150 24%: Taxable income between $178,150 to $340,100 32%: Taxable income between $340,100 to $431,900 35%: Taxable income between $431,900 to $647,850 37%: Taxable income over $647,850
American consumers are holiday shopping earlier as the fear of supply shortages grow. According to the TransUnion’s 2021 Consumer Holiday Shopping Report, 33% of consumers have begun their holiday shopping, while 14% are considering alternative gifts. Only 14% reported that they plan to spend less on gift purchases. On an annual basis, 22% plan to spend more this year compared to 2020.
The International Monetary Fund (IMF) reported that Mexico’s recovery is rebounding after experiencing its sharpest decline in decades. Both manufacturing and exports are at pre-pandemic levels, however, the country is counting on stronger growth from their northern neighbor to increase demand. Employment has seen a notable recovery as well, with unemployment currently at 4.4%.
US Market Closings:
Dow declined 158.71 points or -0.44% to 35,921.23 S&P 500 advanced 2.56 points or 0.06% to 4,649.27 Nasdaq advanced 81.58 points or 0.52% to 15704.28 Russell 2000
Canada Market Closings:
TSX Composite TSX 60
Brazil Market Closing:
Bovespa
ENERGY:
The oil markets had a mixed day today:
• Crude Oil decreased 0.38 USD/BBL or -0.47% to 80.9600
• Brent decreased 0.38 USD/BBL or -0.46% to 82.2600
• Natural gas increased 0.19 USD/MMBtu or 3.89% to 5.0700
• Gasoline increased 0.0096 USD/GAL or 0.42% to 2.3068
• Heating oil decreased 0.0246 USD/GAL or -1.00% to 2.4275
The above data was collected around 12:35 EST on Thursday
• Top commodity gainers: Natural Gas (3.89%) and Steel (3.12%), Orange Juice (3.43%) and Coffee (3.48%)
• Top commodity losers: Bitumen (-1.62%), Coal (-4.42%), Lumber (-0.97%), and Heating Oil (-1.00%)
The above data was collected around 12:43 EST on Thursday
BONDS:
Japan 0.065%(+0.6bp), US 2’s 0.52% (+0.096%), US 10’s 1.5699%(+13.06bps); US 30’s 1.92%(+0.102%), Bunds -0.227% (+2.1bp), France 0.1230% (+1.4bp), Italy 0.9620% (+2.4bp), Turkey 18.78% (+23bp), Greece 1.205% (+7bp), Portugal 0.379% (+0.8bp); Spain 0.485% (+1.97bp) and UK Gilts 0.919% (-0.6bp).
