ASIA:
The major Asian stock markets had a mixed day today:
- NIKKEI 225 decreased 177.61 points or -0.63% to 27,940.42
- Shanghai decreased 1.42 points or -0.04% to 3,524.09
- Hang Seng increased 191.41 points or 0.70% to 27,344.54
- ASX 200 decreased 68.10 points or -0.93% to 7,273.30
- Kospi decreased 34.73 points or -1.07% to 3,217.95
- SENSEX decreased 182.75 points or -0.35% to 52,386.19
- Nifty50 decreased 38.10 points or -0.24% to 15,689.80
The major Asian currency markets had a mixed day today:
- AUDUSD increased 0.00586 or 0.79% to 0.74933
- NZDUSD increased 0.00504 or 0.72% to 0.70024
- USDJPY increased 0.30800 or 0.28% to 110.13
- USDCNY decreased 0.01119 or -0.17% to 6.47910
Precious Metals:
Gold increased 6.04 USD/t oz. or 0.33% to 1,808.59
Silver increased 0.204 USD/t. oz or 0.79%% to 26.110
Some economic news from last night:
China:
CPI (MoM) (Jun) decreased from -0.2% to -0.4%
CPI (YoY) (Jun) decreased from 1.3% to 1.1%
PPI (YoY) (Jun) decreased from 9.0% to 8.8’%
Japan:
M2 Money Stock (YoY) decreased from 7.9% to 5.9%
M3 Money Supply (Jun) increased from 1,988.4T to 1,992.0T
Some economic news from today:
China:
M2 Money Stock (YoY) (Jun) increased from 8.3% to 8.6%
New Loans (Jun) increased from 1,500.0B to 2,120.0B
Outstanding Loan Growth (YoY) (Jun) increased from 12.2% to 12.3%
PBoC Reserve Requirement Ratio decreased from 12.50% to 12.00%
Chinese Total Social Financing (Jun) increased from 1,920.0B to 3,670.0B
India:
FX Reserves, USD increased from 609.00B to 610.01B
Indonesia:
Retail Sales (YoY) (May) decreased from 15.6% to 14.7%
EUROPE/EMEA:
The major Europe stock markets had a green day today:
- CAC 40 increased 132.69 points or 2.07% to 6,529.42
- FTSE 100 increased 91.22 points, or 1.30% to 7,121.88
- DAX 30 increased 267.29 points or 1.73% to 15,687.93
The major Europe currency markets had a mixed day today:
- EURUSD increased 0.0033 or 0.28% to 1.18799
- GBPUSD increased 0.01033 or 0.75% to 1.38976
- USDCHF decreased 0.00118 or -0.13% to 0.91363
Some economic news from Europe today:
Italy:
Italian Industrial Production (MoM) (May) decreased from 1.5% to -1.5%
Italian Industrial Production (YoY) (May) decreased from 79.0% to 21.1%
UK:
NIESR Monthly GDP Tracker increased from 3.6% to 4.8%
Construction Output (MoM) (May) decreased from -0.7% to -0.8%
U.K. Construction Output (YoY) (May) decreased from 79.4% to 56.6%
GDP (MoM) decreased from 2.0% to 0.8%
Index of Services increased from 1.4% to 3.9%
Industrial Production (YoY) (May) decreased from 27.5% to 20.6%
Industrial Production (MoM) (May) increased from -1.0% to 0.8%
Manufacturing Production (YoY) (May) decreased from 39.1% to 27.7%
Manufacturing Production (MoM) (May) increased from -0.3% to -0.1%
Monthly GDP 3M/3M Change increased from 1.5% to 3.6%
Norway:
Core CPI YTD (Jun) decreased from 1.5% to 1.4%
Core Inflation (MoM) (Jun) increased from -0.4% to 0.4%
CPI (MoM) (Jun) increased from -0.1% to 0.3%
CPI (YoY) (Jun) increased from 2.7% to 2.9%
PPI (YoY) (Jun) increased from 29.4% to 37.1%
Trade Balance (Jun) increased from 15.5B to 25.0B
US/AMERICAS:
The US labor force is experiencing a construction shortage. With refinances and new home improvements booming, there are not enough workers to fulfill the demand. According to the Associated Builders and Contractors, 430,000 additional construction workers are needed to meet the current demand and they anticipate the demand for 1 million workers over the next two years to meet demand. The sector lost 1 million workers in 2020 before construction was deemed essential. Although the sector’s workforce has recovered by 80%, it is still down 238,000 workers although a significant number of additional workers are required to meet demands.
US housing prices rose for the 47th consecutive week of growth, according to Realtor.com. Housing prices in the past week alone rose 10.1% YoY, with median listing prices hitting a fifth consecutive all-time high in June at $385,000. Experts are anticipating prices to continue to rise albeit at a slower pace once summer buying comes to an end. Inventory is still depleted by 39% YoY and new listings fell around 3% before July 4. Active listings are flying off the market 23 days sooner than they were a year ago as the rising prices are not quelling demand.
The Canadian economy added 231,000 jobs last month, according to Statistics Canada. The majority of new employment was led by young workers aged 15 to 24, accounting for a surge of 164,000 positions. Full-time positions declined by 33,000 positions. The unemployment rate in Canada now stands at 7.8%.
US Market Closings:
- Dow advanced 448.23 points or 1.3% to 34,870.16
- S&P 500 advanced 48.73 points or 1.13% to 4,369.55
- Nasdaq advanced 142.13 points or 0.98% to 14,701.92
- Russell 2000 advanced 48.33 points or 2.17% to 2,280.00
Canada Market Closings:
- TSX Composite advanced 196.74 points or 0.98% to 20,257.95
- TSX 60 advanced 11.97 points or 1% to 1,214.79
Brazil Market Closing:
- Bovespa declined 1,590.94 points or -1.25% to 125,427.77
ENERGY:
The oil markets had a mixed day today:
- Crude Oil increased 1.71 USD/BBL or 2.34% to 74.6500
- Brent increased 1.49 USD/BBL or 2.01% to 75.6100
- Natural gas decreased 0.003 USD/MMBtu or -0.08% to 3.6850
- Gasoline increased 0.0332 USD/GAL or 1.47% to 2.2884
- Heating oil increased 0.0305 USD/GAL or 1.44% to 2.1509
Top commodity gainers: Palm Oil (3.42%), Rice (2.80%), Canola (3.43%), and Oat (2.72%)
Top commodity losers: Corn (-2.12%), Sugar (-1.20%), Orange Juice (-3.78%), and Lumber (-2.16%)
The above data was collected around 16:25 EST on Friday.
BONDS:
Japan 0.030%(+0bp), US 2’s 0.2166% (+0.02%), US 10’s 1.3612%(+6.67bps); US 30’s 1.9916%(+0.07%), Bunds -0.292% (+2bp), France 0.055% (+2bp), Italy 0.7640% (+0bp), Turkey 16.96% (+4bp), Greece 0.753% (-2bp), Portugal 0.340% (+2bp), Spain 0.363% (+1bp) and UK Gilts 0.6620% (+5bp).
