ASIA:
The major Asian stock markets had a negative day today:
- NIKKEI 225 decreased 235.41 points or -0.81% to 28,812.61
- Shanghai decreased 33.19 points or -0.92% to 3,573.18
- Hang Seng decreased 274.20 points or -0.94% to 28,994.10
- ASX 200 decreased 6.10 points or -0.08% to 7,301.20
- Kospi decreased 15.21 points or -0.46% to 3,286.68
- SENSEX decreased 185.93 points or -0.35% to 52,549.66
- Nifty50 decreased 66.25 points or -0.42% to 15,748.45
The major Asian currency markets had a mixed day today:
- AUDUSD decreased 0.00505 or -0.67% to 0.75160
- NZDUSD decreased 0.00496 or -0.70% to 0.69935
- USDJPY decreased 0.07 or -0.06% to 110.52
- USDCNY increased 0.00357 or 0.06% to 6.46472
Precious Metals:
- Gold decreased 14.34 USD/t oz. or -0.81% to 1,763.84
- Silver decreased 0.284 USD/t. oz or -1.09% to 25.809
Some economic news from last night:
Japan:
Jobs/applications ratio (May) remain the same at 1.09
Unemployment Rate (May) increased from 2.8% to 3.0%
Large Retailers’ Sales (MoM) increased from -4.6% to -0.4%
Retail Sales (YoY) (May) decreased from 11.9% to 8.2%
EUROPE/EMEA:
The major Europe stock markets had a green day:
- CAC 40 increased 9.41 points or 0.14% to 6,567.43
- FTSE 100 increased 14.58 points or 0.21% to 7,087.55
- DAX 30 increased 136.41 points or 0.88% to 15,690.59
The major Europe currency markets had a mixed day today:
- EURUSD decreased 0.00214 or -0.18% to 1.19047
- GBPUSD decreased 0.00307 or -0.22% to 1.38477
- USDCHF increased 0.00064 or 0.07% to 0.92030
Some economic news from Europe today:
UK:
Nationwide HPI (MoM) (Jun) decreased from 1.7% to 0.7%
Nationwide HPI (YoY) (Jun) increased from 10.9% to 13.4%
BoE Consumer Credit (May) increased from -0.228B to 0.280B
M4 Money Supply (MoM) (May) increased from 0.1% to 0.4%
Mortgage Approvals (May) increased from 86.90K to 87.55K
Mortgage Lending (May) increased from 3.03B to 6.58B
Net Lending to Individuals increased from 2.8% to 6.9%
France:
French Unemployment Rate (Q1) increased from 8.0% to 8.1%
French Consumer Confidence (Jun) increased from 98 to 102
Spain:
Spanish CPI (YoY) decreased from 2.7% to 2.6%
Spanish CPI (MoM) decreased from 0.5% to 0.4%
Spanish HICP (YoY) (Jun) remain the same at 2.4%
Spanish HICP (MoM) decreased from 0.5% to 0.4%
Spanish Retail Sales (YoY) (May) decreased from 40.5% to 19.6%
Spanish Business Confidence decreased from 1.0 to -1.1
Germany:
German CPI (MoM) (Jun) decreased from 0.5% to 0.4%
German CPI (YoY) (Jun) decreased from 2.5% to 2.3%
German HICP (MoM) (Jun) increased from 0.3% to 0.4%
German HICP (YoY) (Jun) decreased from 2.4% to 2.1%
Euro Zone:
Business and Consumer Survey (Jun) increased from 114.5 to 117.9
Business Climate (Jun) increased from 1.49 to 1.71
Consumer Confidence (Jun) remain the same at -3.3
Consumer Inflation Expectation (Jun) increased from 22.2 to 27.1
Selling Price Expectations (Jun) increased from 29.9 to 36.0
Services Sentiment (Jun) increased from 11.3 to 17.9
Industrial Sentiment (Jun) increased from 11.5 to 12.7
US/AMERICAS:
After countless stories of Americans being unable to pay for life-saving insulin, Walmart has announced that they will offer a generic version of the diabetes drug. ReliOn NovoLo will be available at $73 per vile. Over 34 million Americans suffer from diabetes, with the annual cost of insulin costing over $5,700 in 2016 and increasing since then. The company has already launched budget friendly medical services such as low-cost annual physicals and dental cleanings in an attempt to compete with expensive insurance companies and Big Pharma.
S&P Case-Shiller reported that home prices increased in April at an all-time high of 14.6%. This marks the most drastic spike since the S&P CoreLogic Case-Shiller began collecting data. The 10-city composite grew 14.4% YoY, compared to 12.9% in March, and the 20-city composite grew 14.9%, up from 13.4% the month prior. In particular, Dallas, Denver, Charlotte, Cleveland, and Seattle saw prices rise to record highs as the mass migration to the suburbs continues.
Three senators appeared before the Brazilian Supreme Court to testify against President Jair Bolsonaro’s actions in handling the coronavirus. Specifically, the senators believe Bolsonaro turned a blind eye to a $300 million vaccine scheme for Covaxin. Furthermore, it is alleged that a potential shell company in Singapore was billed for Covaxin vaccines before they were even approved for use in the country. While other nations were paying around $1.34 a dose, Brazil seemingly agreed to pay $15 per dose, raising some valid questions.
US Market Closings:
- Dow advanced 9.02 points or 0.03% to 34,292.29
- S&P 500 advanced 1.19 points or 0.03% to 4,291.8
- Nasdaq advanced 27.83 points or 0.19% to 14,528.33
- Russell 2000 declined 13.5 points or -0.58% to 2,308.84
Canada Market Closings:
- TSX Composite advanced 25.77 points or 0.13% to 20,171.02
- TSX 60 advanced 2.1 points or 0.17% to 1,210.22
Brazil Market Closing:
- Bovespa declined 101.73 points or -0.08% to 127,327.44
ENERGY:
The oil markets had a green day today:
- Crude Oil increased 0.2 USD/BBL or 0.27% to 73.1100
- Brent increased 0.2 USD/BBL or 0.27% to 74.8800
- Natural gas increased 0.106 USD/MMBtu or 2.95% to 3.6990
- Gasoline increased 0.0222 USD/GAL or 1.00% to 2.2388
- Heating oil increased 0.0112 USD/GAL or 0.53% to 2.1294
The above data was collected around 12:27 EST on Tuesday
- Top commodity gainers: Natural Gas (2.95%), Rice (2.28%), Canola (3.91%) and Lean Hogs (1.81%)
- Top commodity losers: Rubber (-1.26%), Lumber (-3.25%), Coffee (-1.08%), and Platinum (-1.62%)
The above data was collected around 12:31 EST on Tuesday.
BONDS:
Japan 0.06%(+0bp), US 2’s 0.25%(-0.004%), US 10’s 1.4833%(+0.17bps); US 30’s 2.10%(-0.001%), Bunds -0.1720% (+1.4bp), France 0.168% (+0.6bp), Italy 0.8791% (+0.08bp), Turkey 16.40% (-4bp), Greece 0.8480% (+0.6bp), Portugal 0.465% (+3.4bp); Spain 0.463% (+1.09bp) and UK Gilts 0.737% (+1.3bp).
