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Market Talk – September 11, 2023

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ASIA:

 

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 decreased 139.08 points or -0.43% to 32,467.76
  • Shanghai increased 26.06 points or 0.84% to 3,142.78
  • Hang Seng decreased 105.62 points or -0.58% to 18,096.45
  • ASX 200 increased 35.60 points or 0.50% to 7,192.30
  • Kospi increased 9.20 points or 0.36% to 2,556.88
  • SENSEX increased 528.17 points or 0.79% to 67,127.08
  • Nifty50 increased 176.40 points or 0.89% to 19,996.35

 

 

The major Asian currency markets had a mixed day today:

  • AUDUSD increased 0.00557 or 0.87% to 0.64307
  • NZDUSD increased 0.00388 or 0.66% to 0.59178
  • USDJPY decreased 1.353 or -0.92% to 146.457
  • USDCNY decreased 0.06122 or -0.83% to 7.30276

 

The above data was collected around 11.44 EST.

 

 

Precious Metals:

  • Gold increased 5.79 USD/t oz. or 0.30% to 1,923.59
  • Silver increased 0.111 USD/t. oz or 0.48% to 23.020

 

The above data was collected around 11:48 EST.

 

No economic news from last night:

 

Some economic news from today:

China:

New Loans (Aug) increased from 345.9B to 1,360.0B

 

EUROPE/EMEA:

 

The major Europe stock markets had a green day today:

  • CAC 40 increased 37.50 points or 0.52% to 7,278.27
  • FTSE 100 increased 18.68 points or 0.25% to 7,496.87
  • DAX 30 increased 56.24 points or 0.36% to 15,800.99

 

The major Europe currency markets had a mixed day today:

  • EURUSD increased 0.00436 or 0.41% to 1.07426
  • GBPUSD increased 0.00641 or 0.51% to 1.25281
  • USDCHF decreased 0.00207 or -0.23% to 0.89113

 

The above data was collected around 11:50 EST.

 

 

US/AMERICAS:

A recent survey by the New York Federal Reserve shows that fears over access to credit have hit the highest level in more than a decade, with respondents indicating that the ability to get loans, credit cards, and mortgages is harder now than it was a year ago. The survey results were part of the New York Fed’s Survey of Consumer Expectations for August. Fears of credit access have been rising steadily since early 2022, around the same time that a survey by the Federal Reserve Bank of Dallas showed a large share of banks in the region reporting stricter credit standards. The credit crunch could wear away American consumers’ strength, which for over a year now has been a critical guardrail against a recession.

US Market Closings:

  • Dow advanced 87.13 points or 0.25% to 34,663.72
  • S&P 500 advanced 29.97 points or 0.67% to 4,487.46
  • Nasdaq advanced 156.37 points or 1.14% to 13,917.89
  • Russell 2000 advanced 3.6 points or 0.19% to 1,855.14

 

Canada Market Closings:

  • TSX Composite advanced 108.11 points or 0.54% to 20,182.76
  • TSX 60 advanced 6.72 points or 0.56% to 1,209.78

 

Brazil Market Closing:

  • Bovespa advanced 1,569.94 points or 1.36% to 116,883.34

 

 

ENERGY:

 

The oil markets had a mixed day today:

 

  • Crude Oil decreased 0.167 USD/BBL or -0.19% to 87.343
  • Brent decreased 0.155 USD/BBL or -0.17% to 90.495
  • Natural gas decreased 0.0002 USD/MMBtu or -0.01% to 2.6048
  • Gasoline increased 0.0399 USD/GAL or 1.50% to 2.6936
  • Heating oil increased 0.0633 USD/GAL or 1.92% to 3.3624

 

The above data was collected around 11:53 EST.

 

  • Top commodity gainers: Heating Oil (1.92%), Copper (2.10%), Zinc (2.76%) and Cotton (2.45%)
  • Top commodity losers: Wheat (-1.86%), Palm Oil (-3.05%), Rice (-1.99%) and Canola (-1.50%)

 

The above data was collected around 11:58 EST.

 

 

BONDS:

 

Japan 0.711% (+6.4bp), US 2’s 4.98% (+0.0002%), US 10’s 4.292% (+3.6bps); US 30’s 4.38% (+0.048%), Bunds 2.637% (+3.9bp), France 3.172% (+3bp), Italy 4.403% (+5.6bp), Turkey 21.15% (-47bp), Greece 3.999% (+2.6bp), Portugal 3.4040% (+6.4bp); Spain 3.692% (+4.8bp) and UK Gilts 4.472% (+4.5bp)

 

The above data was collected around 12:03 EST