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Market Talk – October 23, 2023

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ASIA:

 

The major Asian stock markets had negative day today:

  • NIKKEI 225 decreased 259.81 points or -0.83% to 30,999.55
  • Shanghai decreased 43.77 points or -1.47% to 2,939.29
  • Hang Seng closed
  • ASX 200 decreased 56.60 points or -0.82% to 6,844.10
  • Kospi decreased 17.98 points or -0.76% to 2,357.02
  • SENSEX decreased 825.74 points or -1.26% to 64,571.88
  • Nifty50 decreased 260.90 points or -1.34% to 19,281.75

 

The major Asian currency markets had a mixed day today:

  • AUDUSD increased 0.00235 or 0.37% to 0.63355
  • NZDUSD increased 0.00141 or 0.24% to 0.58421
  • USDJPY decreased 0.084 or -0.06% to 149.756
  • USDCNY decreased 0.01209 or -0.17% to 7.31391

 

The above data was collected around 11:48 EST.

 

 

Precious Metals:

Gold decreased 6.57 USD/t oz. or -0.33% to 1,974.47

Silver decreased 0.266 USD/t. oz or -1.14%% to 23.084

 

The above data was collected around 11:50 EST.

 

 

No economic news from last night:

 

No economic news from today:

 

EUROPE/EMEA:

 

The major Europe stock markets had a mixed day today:

  •  CAC 40 increased 34.25 points or 0.50% to 6,850.47
  •  FTSE 100 decreased 27.31 points, or -0.37% to 7,374.83
  •  DAX 30 increased 2.25 points or 0.02% to 14,800.72

 

The major Europe currency markets had a mixed day today:

  • EURUSD increased 0.00507 or 0.48% to 1.06437
  • GBPUSD increased 0.00711 or 0.58% to 1.22311
  • USDCHF decreased 0.0002 or -0.02% to 0.89150

 

The above data was collected around 11:54 EST.

 

 

US/AMERICAS:

President Joe Biden has announced the creation of 31 technology hubs across 32 states and Puerto Rico, aimed at spurring private investment and creating jobs. The tech hubs were authorized through the CHIPS and Science Act, which Biden signed into law last year. The tech hubs will focus on clean energy, biotech, and semiconductors, and will be transformational, according to Biden. The program was launched by Commerce Secretary Gina Raimondo in May, with the aim of dispersing $500 million in grants. The creation of the tech hubs is part of a long line of transformational investments made since Biden took office, and he believes that the country is about to take off as a result of these investments

US Market Closings:

  • Dow declined 190.87 points or -0.58% to 32,936.41
  • S&P 500 declined 7.12 points or -0.17% to 4,217.04
  • Nasdaq advanced 34.52 points or 0.27% to 13,018.33
  • Russell 2000 declined 14.91 points or -0.89% to 1,665.88

 

Canada Market Closings:

  • TSX Composite declined 68.9 points or -036% to 19,046.74
  • TSX 60 declined 3.66 points or -0.32% to 1,145.62

 

Brazil Market Closing:

  • Bovespa declined 370.76 points or -0.33% to 112,784.52

 

ENERGY:

 

The oil markets had a mixed day today:

 

  • Crude Oil decreased 1.429 USD/BBL or -1.62% to 86.651
  • Brent decreased 1.386 USD/BBL or -1.50% to 90.774
  • Natural gas increased 0.0368 USD/MMBtu or 1.27% to 2.9358
  • Gasoline decreased 0.0275 USD/GAL or -1.16% to 2.3461
  • Heating oil decreased 0.0318 USD/GAL or -1.01% to 3.1248

 

The above data was collected around 11:56 EST.

 

  •   Top commodity gainers: Cotton (2.25%), Sugar (1.86%), Palladium (3.33%), and Cocoa (1.73%)
  •   Top commodity losers: Gasoline (-1.16%), Crude Oil (-1.62%), Brent (-1.50%), and Canola (-1.63%)

 

The above data was collected around 12:02 EST.

 

 

BONDS:

 

Japan 0.869%(+2.8bp), US 2’s 5.09% (+0.004%), US 10’s 4.8693%(-5.47bps); US 30’s 5.02% (-0.071%), Bunds 2.871% (-1.1bp), France 3.487% (-2.6bp), Italy 4.846% (-7.7bp), Turkey 26.05% (-11bp), Greece 4.296% (-6.1bp), Portugal 3.575% (-4bp), Spain 3.971% (-2.9bp) and UK Gilts 4.602% (-5.3bp).

 

The above data was collected around 12:06 EST.