Skip to content

Market Talk – November 13, 2023

Spread the love

Market Talk 2017

 

ASIA:

 

The major Asian stock markets had mixed day today:

  • NIKKEI 225 increased 17.00 points or 0.05% to 32,585.11
  • Shanghai increased 7.56 points or 0.25% to 3,046.53
  • Hang Seng increased 222.95 points or 1.30% to 17,426.21
  • ASX 200 decreased 27.70 points or -0.40% to 6,948.80
  • Kospi decreased 5.90 points or -0.24% to 2,403.76
  • SENSEX decreased 325.58 points or -0.50% to 64,933.87
  • Nifty50 increased 82.00 points or -0.42% to 19,443.55

 

The major Asian currency markets had a mixed day today:

  • AUDUSD increased 0.00155 or 0.24% to 0.63795
  • NZDUSD decreased 0.00099 or -0.17% to 0.58831
  • USDJPY increased 0.139 or 0.09% to 151.638
  • USDCNY decreased 0.01365 or -0.19% to 7.29232

 

The above data was collected around 14:25 EST.

 

 

Precious Metals:

Gold increased 9.38 USD/t oz. or 0.48% to 1,946.17

Silver increased 0.087 USD/t. oz or 0.39%% to 22.305

The above data was collected around 16:49 EST.

 

 

EUROPE/EMEA:

 

The major Europe stock markets had a green day today:

  • CAC 40 increased 42.02 points or 0.60% to 7,087.06
  • FTSE 100 increased 65.28 points, or 0.89% to 7,425.83
  • DAX 30 increased 110.61 points or 0.73% to 15,345.00

 

The major Europe currency markets had a mixed day today:

  • EURUSD increased 0.00207 or 0.19% to 1.07017
  • GBPUSD increased 0.00566 or 0.46% to 1.22788
  • USDCHF decreased 0.00085 or -0.09% to 0.90185

 

The above data was collected around 15:29 EST.

 

US/AMERICAS:

Moody’s warning on the massive US debt burden has had little impact on the markets, with investors already aware of the $33.7tn US debt and the $1.7tn deficit in fiscal 2023. The warning from Moody’s merely echoes these well-known issues. Despite the warning, Moody’s is the only one of the big-three agencies that still has a triple-A rating on US debt. The agency lowered its ratings outlook on Treasuries, citing high levels of government debt and deficits coupled with political brinkmanship in Washington that could jeopardize the global standing of government-issued fixed income. However, the markets shrugged off the warning, with analysts saying that Moody’s has no proprietary information that nobody knows about the US government.

US Market Closings:

  • Dow advanced 54.77 points or 0.16% to 34,337.87
  • S&P 500 declined 3.69 points or -0.08% to 4,411.55
  • Nasdaq declined 30.36 points or -0.22% to 13,767.74
  • Russell 2000 advanced 0.18 of a point or 0.01% to 1,705.5

 

Canada Market Closings:

  • TSX Composite advanced 54.68 points or 0.28% to 19,709.15
  • TSX 60 advanced 5.13 points or 0.43% to 1,189.17

 

Brazil Market Closing:

  • Bovespa declined 157.97 points or -0.13% to 120,410.17

 

 

 

ENERGY:

 

The oil markets had a mixed day today:

 

  • Crude Oil increased 1.252 USD/BBL or 1.62% to 78.422
  • Brent increased 1.193 USD/BBL or 1.47% to 82.623
  • Natural gas increased 0.2051 USD/MMBtu or 6.76% to 3.2381
  • Gasoline increased 0.0483 USD/GAL or 2.21% to 2.2378
  • Heating oil increased 0.0921 USD/GAL or 3.36% to 2.8352

 

The above data was collected around 16:44 EST.

 

  • Top commodity gainers: Natural Gas (6.76%), Rapeseed (3.14%), Heating Oil (3.36%), and Platinum (2.91%)
  • Top commodity losers: Methanol (-1.39%), Lumber (-3.25%), Rhodium (-3.30%), and Silver (-1.53%)

 

The above data was collected around 16:54 EST.

 

BONDS:

 

Japan 0.876%(+1.9bp), US 2’s 5.03% (-0.034%), US 10’s 4.632%(+0.4bps); US 30’s 4.75% (+0.012%), Bunds 2.71% (+0.1bp), France 3.286% (-1.4bp), Italy 4.56% (-1.8bp), Turkey 27.17% (+22bp), Greece 3.996% (+1.4bp), Portugal 3.43% (-1.1bp), Spain 3.762% (-0.8bp) and UK Gilts 4.319% (-1.7bp).

 

The above data was collected around 16:00 EST.