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Market Talk – November 15, 2022

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ASIA:

 

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 increased 26.70 points or 0.10% to 27,990.17
  • Shanghai increased 50.68 points or 1.64% to 3,134.08
  • Hang Seng increased 723.41 points or 4.11% to 18,343.12
  • Kospi increased 5.68 points or 0.23% to 2,480.33
  • ASX 200 decreased 4.70 points or -0.07% to 7,141.60
  • SENSEX increased 248.84 points or 0.40% to 61,872.99
  • Nifty50 increased 74.25 points or 0.41% to 18,403.40

 

 

The major Asian currency markets had a mixed day today:

  • AUDUSD increased 0.00882 or 1.32% to 0.67871
  • NZDUSD increased 0.00843 or 1.38% to 0.61783
  • USDJPY decreased 0.896 or -0.64% to 139.156
  • USDCNY increased 0.00556 or 0.08% to 7.04686

 

 

Precious Metals:

  • Gold decreased 1.89 USD/t oz. or -0.11% to 1,769.91
  • Silver decreased 0.465 USD/t. oz or -2.12% to 21.500

 

Some economic news from last night:

China:

Fixed Asset Investment (YoY) (Oct) decreased from 5.9% to 5.8%

Industrial Production (YoY) (Oct) decreased from 6.3% to 5.0%

Chinese Industrial Production YTD (YoY) (Oct) increased from 3.9% to 4.0%

Chinese Unemployment Rate remain the same at 5.5%

Japan:

Industrial Production (MoM) (Sep) decreased from 3.4% to -1.7%

GDP (QoQ) (Q3) decreased from 1.1% to -0.3%

GDP (YoY) (Q3) decreased from 4.6% to -1.2%

 

Some economic news from today:

India:

Exports (USD) (Oct) decreased from 35.45B to 29.78B

Imports (USD) (Oct) decreased from 61.16B to 56.69B

Trade Balance (Oct) decreased from -25.71B to -26.91B

New Zealand:

GlobalDairyTrade Price Index increased from -3.9% to 2.4%

 

 

EUROPE/EMEA:

 

The major Europe stock markets had a mixed day:

  • CAC 40 increased 32.49 points or 0.49% to 6,641.66
  • FTSE 100 decreased 15.73 points or -0.21% to 7,369.44
  • DAX 30 increased 65.21 points or 0.46% to 14,378.51

 

The major Europe currency markets had a green day today:

  • EURUSD increased 0.00518 or 0.50% to 1.03771
  • GBPUSD increased 0.01351 or 1.15% to 1.18918
  • USDCHF increased 0.00155 or 0.16% to 0.94445

 

Some economic news from Europe today:

UK:

Average Earnings Index +Bonus (Sep) decreased from 6.1% to 6.0%

Claimant Count Change (Oct) decreased from 3.9K to 3.3K

Employment Change 3M/3M (MoM) (Sep) increased from -109K to -52K

Unemployment Rate (Sep) increased from 3.5% to 3.6%

France:

French CPI (MoM) (Oct) increased from -0.6% to 1.0%

French HICP (MoM) (Oct) increased from -0.5% to 1.2%

Spain:

Spanish CPI (YoY) (Oct) decreased from 8.9% to 7.3%

Spanish HICP (YoY) (Oct) decreased from 9.0% to 7.3%

Germany:

German ZEW Current Conditions (Nov) increased from -72.2 to -64.5

German ZEW Economic Sentiment (Nov) increased from -59.2 to -36.7

Euro Zone:

GDP (QoQ) (Q3) decreased from 0.8% to 0.2%

GDP (YoY) (Q3) decreased from 4.3% to 2.1%

Trade Balance (Sep) increased from -52.4B to -34.4B

ZEW Economic Sentiment (Nov) increased from -59.7 to -38.7

 

US/AMERICAS:

US Market Closings:

  • Dow advanced 56.22 points or 0.17% to 33,592.92
  • S&P 500 advanced 34.48 points or 0.87% to 3,991.73
  • Nasdaq advanced 162.19 points or 1.45% to 11,358.41
  • Russell 2000 advanced 27.95 points or 1.5% to 1,889.2

 

Canada Market Closings:

  • TSX Composite advanced 72.97 points or 0.37% to 1,210.62
  • TSX 60 advanced 4.48 points or 0.37% to 1,210.62

 

Brazil Market Closing:

  • Bovespa advanced 907.79 points or 0.81% to 113,161.28

 

ENERGY:

 

The oil markets had a mixed day today:

 

  • Crude Oil increased 0.174 USD/BBL or 0.20% to 86.044
  • Brent decreased 0.003 USD/BBL or 0.00% to 93.137
  • Natural gas increased 0.0944 USD/MMBtu or 1.59% to 6.0274
  • Gasoline decreased 0.0109 USD/GAL or -0.43% to 2.5176
  • Heating oil increased 0.0546 USD/GAL or 1.54% to 3.5986

 

The above data was collected around 11:56 EST on Tuesday

 

  • Top commodity gainers: Lumber (2.86%), Cotton (4.02%), Palladium (2.22%) and Bitumen (7.93%)
  • Top commodity losers: Palm Oil (-1.92%), Coffee (-5.87%), Methanol (-1.53%) and Silver (-2.12%)

 

The above data was collected around 12:02 EST on Tuesday.

 

 

BONDS:

 

Japan 0.248%(+0.8bp), US 2’s 4.39% (-0.017%), US 10’s 3.8255% (-4.15bps); US 30’s 4.00% (-0.063%), Bunds 2.113% (-4.6bp), France 2.603% (-5bp), Italy 4.056% (-11.4bp), Turkey 11.58% (-2bp), Greece 4.26% (-6.9bp), Portugal 3.069% (-8.9bp); Spain 3.147% (-5.7bp) and UK Gilts 3.297% (-6.4bp).