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Market Talk – December 10, 2021

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ASIA:

 

The major Asian stock markets had a negative day today:

  • NIKKEI 225 decreased 287.70 points or -1.00% to 28,433.77
  • Shanghai decreased 6.69 or -0.18% to 3,666.35
  • Hang Seng decreased 259.14 points or -1.07% to 23,995.72
  • ASX 200 decreased 31.00 points or -0.42 to 7,353.50
  • Kospi decreased 19.34 points or -0.64% to 3,010.23
  • SENSEX decreased 20.46 points or -0.03% to 58,786.67
  • Nifty50 decreased 5.55 points or -0.03% to 17,511.30

The major Asian currency markets had a mixed day today:

  • AUDUSD increased 0.00275 or 0.38% to 0.71745
  • NZDUSD increased 0.00086 or 0.13% to 0.67966
  • USDJPY decreased 0.14 or -0.12% to 113.30
  • USDCNY decreased 0.00249 or -0.04% to 6.37570

 

Precious Metals:

  • Gold increased 9.34 USD/t oz. or 0.53% to 1,783.80
  • Silver increased 0.227 USD/t. oz or 1.03% to 22.155

 

Some economic news from last night:

Australia:

Business NZ PMI (Nov) decreased from 54.3 to 50.6

Electronic Card Retail Sales (MoM) (Nov) decreased from 10.0% to 9.6%

 

Some economic news from today:

India:

FX Reserves, USD decreased from 637.69B to 635.91B

Cumulative Industrial Production (Oct) decreased from 23.50% to 20.00%

Industrial Production (YoY) (Oct) increased from 3.1% to 3.2%

Manufacturing Output (MoM) (Oct) decreased from 2.7% to 2.0%

 

EUROPE/EMEA:

The major Europe stock markets had a negative day:

  • CAC 40 decreased 16.55 points or -0.24% to 6,991.68
  • FTSE 100 decreased 29.48 points or -0.40% to 7,291.78
  • DAX 30 decreased 15.95 points or -0.10% to 15,623.31

 

 

The major Europe currency markets had a mixed day today:

  • EURUSD increased 0.00255 or 0.23% to 1.13185
  • GBPUSD increased 0.00382 or 0.29% to 1.32627
  • USDCHF decreased 0.00403 or -0.44% to 0.92038

 

Some economic news from Europe today:

Germany:

German CPI (MoM) (Nov) remain the same at -0.2%

UK:

GDP (MoM) decreased from 0.6% to 0.1%

GDP (YoY) (Q3) decreased from 5.3% to 4.6%

Industrial Production (MoM) (Oct) decreased from -0.4% to -0.6%

Manufacturing Production (MoM) (Oct) decreased from 0.1% to 0.0%

Trade Balance (Oct) increased from -14.74B to -13.93B

Trade Balance Non-EU (Oct) increased from -9.10B to -8.62B

NIESR Monthly GDP Tracker remain the same at 0.9%

US/AMERICAS:

 

US Market Closings:

  • Dow advanced 216.3 points or 0.6% to 35,970.99
  • S&P 500 advanced 44.57 points or 0.95% to 4,712.02
  • Nasdaq advanced 113.23 points or 0.73% to 15,630.6
  • Russell 2000 declined 8.4 points or -0.38% to 2,211.81

 

Canada Market Closings:

  • TSX Composite declined 34.87 points or -0.17% to 20,890.62
  • TSX 60 declined 1.35 points or -0.11% to 1,268.11

 

Brazil Market Closing:

  • Bovespa advanced 1,467.1 points or 1.38% to 107,758.34

 

 

ENERGY:

 

The oil markets had a mixed day today:

 

  • Crude Oil increased 0.4 USD/BBL or 0.56% to 71.3400
  • Brent increased 0.36 USD/BBL or 0.48% to 74.7800
  • Natural gas increased 0.136 USD/MMBtu or 3.57% to 3.9500
  • Gasoline increased 0.008 USD/GAL or 0.38% to 2.1364
  • Heating oil decreased 0.0012 USD/GAL or -0.05% to 2.2491

 

The above data was collected around 12:55 EST on Friday

 

  • Top commodity gainers: Natural Gas (3.57%) and Rubber (1.41%), Lithium (2.85%), Lumber (4.35%)
  • Top commodity losers: Oat (-2.08%), Coffee (-2.23%), Bitumen (-2.14%), and Palladium (-3.19%)

 

The above data was collected around 13:05 EST on Friday

 

 

 

BONDS:

 

Japan 0.055%(+0.6bp), US 2’s 0.6524% (-0.04%), US 10’s 1.4735%(-2.38bps); US 30’s 1.8695% (-0.01%), Bunds -0.342% (+0.9bp), France 0.002% (-0.2bp), Italy 0.969% (-3.3bp), Turkey 20.48% (+2bp), Greece 1.382% (+0.1bp), Portugal 0.309% (-1.5bp); Spain 0.384% (+0.11bp) and UK Gilts 0.734% (-2.1bp).