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Market Talk – November 30, 2022

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ASIA:

 

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 decreased 58.85 points or -0.21% to 27,968.99
  • Shanghai increased 1.59 points or 0.05% to 3,151.34
  • Hang Seng increased 392.55 points or 2.16% to 18,597.23
  • Kospi increased 39.14 points or 1.61% to 2,472.53
  • ASX 200 increased 30.90 points or 0.43% to 7,284.20
  • SENSEX increased 417.81 points or 0.67% to 63,099.65
  • Nifty50 increased 140.30 points or 0.75% to 18,758.35

 

 

The major Asian currency markets had a mixed day today:

  • AUDUSD increased 0.00368 or 0.55% to 0.67099
  • NZDUSD increased 0.0037 or 0.60% to 0.62350
  • USDJPY increased 0.643 or 0.46% to 139.384
  • USDCNY decreased 0.05229 or -0.73% to 7.09061

 

Precious Metals:

  • Gold increased 1.42 USD/t oz. or 0.08% to 1,751.15
  • Silver increased 0.383 USD/t. oz or 1.80% to 21.641

 

Some economic news from last night:

China:

Chinese Composite PMI (Nov) decreased from 49.0 to 47.1

Manufacturing PMI (Nov) decreased from 49.2 to 48.0

Non-Manufacturing PMI (Nov) decreased from 48.7 to 46.7

Japan:

Industrial Production (MoM) (Oct) decreased from -1.7% to -2.6%

Australia:

Building Approvals (MoM) (Oct) increased from -8.1% to -6.0%

Construction Work Done (QoQ) (Q3) increased from -3.8% to 2.2%

CPI (YoY) decreased from 7.3% to 6.9%

Private Sector Credit (MoM) (Oct) decreased from 0.7% to 0.6%

New Zealand:

Building Consents (MoM) (Oct) decreased from 3.6% to -10.7%

ANZ Business Confidence (Nov) decreased from -42.7 to -57.1

NBNZ Own Activity (Nov) decreased from -2.5% to -13.7%

 

Some economic news from today:

India:

GDP Quarterly (YoY) (Q2) decreased from 13.5% to 6.3%

Hong Kong:

M3 Money Supply (Oct) decreased from -0.8% to -2.2%

 

 

EUROPE/EMEA:

 

The major Europe stock markets had a green day:

  • CAC 40 increased 69.58 points or 1.04% to 6,738.55
  • FTSE 100 increased 61.05 points or 0.81% to 7,573.05
  • DAX 30 increased 41.59 points or 0.29% to 14,397.04

 

The major Europe currency markets had a mixed day today:

  • EURUSD increased 0.00209 or 0.20% to 1.03429
  • GBPUSD increased 0.00242 or 0.20% to 1.19662
  • USDCHF decreased 0.0036 or -0.38% to 0.95020

 

 

 

Some economic news from Europe today:

France:

French Consumer Spending (MoM) (Oct) decreased from 1.3% to -2.8%

French CPI (MoM) decreased from 1.0% to 0.4%

French GDP (QoQ) (Q3) remain the same at 0.2%

French HICP (MoM) decreased from 1.2% to -0.5%

Swiss:

KOF Leading Indicators (Nov) decreased from 90.9 to 89.5

Germany:

German Unemployment Change (Nov) increased from 9K to 17K

German Unemployment Rate (Nov) increased from 5.5% to 5.6%

Italy:

Italian CPI (MoM) (Nov) decreased from 3.4% to 0.5%

Euro Zone:

Core CPI (YoY) remain the same at 5.0%

CPI (YoY) (Nov) decreased from 10.6% to 10.0%

CPI (MoM) decreased from 1.5% to -0.1%

 

US/AMERICAS:

 

US Market Closings:

  • Dow advanced 737.24 points or 2.18% to 34,589.77
  • S&P 500 advanced 122.48 points or 3.09% to 4,080.11
  • Nasdaq advanced 484.22 points or 4.41% to 11,468.00
  • Russell 2000 advanced 50.03 points or 2.72% to 1,886.58

 

Canada Market Closings:

  • TSX Composite advanced 175.85 points or 0.87% to 20,453.26
  • TSX 60 advanced 9.35 points or 0.76% to 1,239.79

 

Brazil Market Closing:

  • Bovespa advanced 1,576.4 points or 1.42% to 112,486.01

 

ENERGY:

 

The oil markets had a mixed day today:

 

  • Crude Oil increased 2.096 USD/BBL or 2.68% to 80.296
  • Brent increased 2.493 USD/BBL or 3.00% to 85.523
  • Natural gas decreased 0.3282 USD/MMBtu or -4.54% to 6.9068
  • Gasoline increased 0.0785 USD/GAL or 3.37% to 2.4106
  • Heating oil increased 0.0563 USD/GAL or 1.71% to 3.3522

 

The above data was collected around 13:37 EST on Wednesday

 

  • Top commodity gainers: Gasoline (3.37%), Aluminum (4.10%), Cotton (4.04%) and Zinc (3.60%)
  • Top commodity losers: Natural Gas (-4.54%), Cheese (-4.55%), Orange Juice (-2.05%) and Milk (-5.70%)

 

The above data was collected around 13:45 EST Wednesday.

 

 

BONDS:

 

Japan 0.251%(+0bp), US 2’s 4.47% (-0.004%), US 10’s 3.7329% (-1.51bps); US 30’s 3.80% (+0.001%), Bunds 1.928% (+1.5bp), France 2.401% (-14.22bp), Italy 3.872% (+5.1bp), Turkey 10.65% (+9bp), Greece 4.176% (+1.6bp), Portugal 2.868% (+1.8bp); Spain 2.946% (+3.4bp) and UK Gilts 3.156% (+5.4bp).