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Market Talk – May 19, 2022

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ASIA:

 

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 decreased 508.36 points or -1.89% to 26,402.84
  • Shanghai increased 10.99 points or 0.36% to 3,096.96
  • Hang Seng decreased 523.60 points or -2.54% to 20,120.68
  • ASX 200 decreased 118.20 points or -1.65% to 7,064.50
  • Kospi decreased 33.64 points or -1.28% to 2,592.34
  • SENSEX decreased 1,416.30 points or -2.61% to 52,792.23
  • Nifty50 decreased 430.90 points or -2.65% to 15,809.40

 

The major Asian currency markets had a mixed day today:

  • AUDUSD increased 0.00953 or 1.37% to 0.70589
  • NZDUSD increased 0.01036 or 1.65% to 0.63994
  • USDJPY decreased 0.449 or -0.35% to 127.661
  • USDCNY decreased 0.06277 or -0.93% to 6.72315

 

Precious Metals:

  • Gold increased 27.06 USD/t oz. or 1.49% to 1,842.67
  • Silver increased 0.491 USD/t. oz or 2.29% to 21.887

 

 

Some economic news from last night:

Japan:

Adjusted Trade Balance decreased from -1.02T to -1.62T

Core Machinery Orders (YoY) (Mar) increased from 4.3% to 7.6%

Core Machinery Orders (MoM) (Mar) increased from -9.8% to 7.1%

Exports (YoY) (Apr) decreased from 14.7% to 12.5%

Foreign Bonds Buying increased from -820.3B to 370.8B

Foreign Investments in Japanese Stocks decreased from 78.8B to -342.9B

Imports (YoY) (Apr) decreased from 31.2% to 28.2%

Trade Balance (Apr) decreased from -414.1B to -839.2B

Australia:

Employment Change (Apr) decreased from 17.9Kto 4.0K

Full Employment Change (Apr) increased from 20.0K to 92.4K

Participation Rate (Apr) decreased from 66.4% to 66.3%

Unemployment Rate (Apr) remain the same at 3.9%

New Zealand:

PPI Input (QoQ) (Q1) increased from 1.2 to 3.6%

PPI Output (QoQ) (Q1) increased from 1.4% to 2.6%

 

Some economic news from today

Hong Kong:

Unemployment Rate (Apr) increased from 5.0% to 5.4%

India:

M3 Money Supply decreased from 10.2% to 9.3%

 

 

EUROPE/EMEA:

 

The major Europe stock markets had a negative day:

  • CAC 40 decreased 80.23 points or -1.26% to 6,272.71
  • FTSE 100 decreased 135.35 points or -1.82% to 7,302.74
  • DAX 30 decreased 125.46 points or -0.90% to 13,882.30

 

 

The major Europe currency markets had a mixed day today:

  • EURUSD increased 0.01108 or 1.06% to 1.05826
  • GBPUSD increased 0.01562 or 1.27% to 1.25000
  • USDCHF decreased 0.01526 or -1.55% to 0.97243

 

Some economic news from Europe today:

UK:

CBI Industrial Trends Orders (May) increased from 14 to 26

Euro Zone:

Construction Output (MoM) (Mar) decreased from 1.06% to 0.00%

Current Account (Mar) decreased from 20.8B to -1.6B

Current Account n.s.a. (Mar) decreased from 11.4B to 8.7B

 

US/AMERICAS:

 

US Market Closings:

  • Dow declined 236.94 points or -0.75% to 31,253.94
  • S&P 500 declined 22.89 points or -0.58% to 3,900.79
  • Nasdaq declined 29.66 points or -0.26% to 11,388.5
  • Russell 2000 advanced 1.38 points or 0.08% to 1,776.22

 

Canada Market Closings:

  • TSX Composite declined 80.54 points or 0.4% to 20,181.92
  • TSX 60 advanced 2.4 points or 0.2% to 1,220.35

 

Brazil Market Closing:

  • Bovespa advanced 758.07 points or 0.71% to 107,005.22

 

 

ENERGY:

 

The oil markets had a green day today:

 

  • Crude Oil increased 0.68 USD/BBL or 0.62% to 110.2700
  • Brent increased 1.54 USD/BBL or 1.41% to 110.65
  • Natural gas increased 0.025 USD/MMBtu or 0.30% to 8.3930
  • Gasoline increased 0.0289 USD/GAL or 0.78% to 3.7495
  • Heating oil increased 0.055 USD/GAL or 1.50% to 3.7231

 

The above data was collected around 12:31 EST on Thursday

 

  • Top commodity gainers: Copper (2.30%) and Platinum (2.68%), Zinc (2.80%), Cotton (2.71%)
  • Top commodity losers: Lumber (-5.54%), Oat (-1.79%), Wheat (-2.76%) and Rhodium (-1.55%)

 

The above data was collected around 12:47 EST on Thursday.

 

 

BONDS:

 

Japan 0.239%(-0.2bp), US 2’s 2.62% (-0.052%), US 10’s 2.8388% (-4.52bps); US 30’s 3.05% (-0.023%), Bunds 0.959% (-5.3bp), France 1.464% (-6.4bp), Italy 2.916% (-3.9bp), Turkey 23.61% (+18bp), Greece 3.546% (-5.5bp), Portugal 2.123% (-3.2bp); Spain 2.064% (-4.2bp) and UK Gilts 1.8680% (-0.1bp).