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Market Talk – November 8, 2022

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ASIA:

 

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 increased 344.47 points or 1.25% to 27,872.11
  • Shanghai decreased 13.32 points or -0.43% to 3,064.49
  • Hang Seng decreased 38.60 points or -0.23% to 16,557.31
  • Kospi increased 27.25 points or 1.15% to 2,399.04
  • ASX 200 increased 25.20 points or 0.36% to 6,958.90
  • SENSEX closed
  • Nifty50 closed

 

 

The major Asian currency markets had a mixed day today:

  • AUDUSD increased 0.00617 or 0.95% to 0.65350
  • NZDUSD increased 0.00491 or 0.83% to 0.59871
  • USDJPY decreased 1.167 or -0.80% to 145.503
  • USDCNY increased 0.00443 or 0.06% to 7.23373

 

 

Precious Metals:

  • Gold increased 36.92 USD/t oz. or 2.20% to 1,711.60
  • Silver increased 0.709 USD/t. oz or 3.41% to 21.484

 

Some economic news from last night:

Japan:

Household Spending (MoM) (Sep) increased from -1.7% to 1.8%

Household Spending (YoY) (Sep) decreased from 5.1% to 2.3%

Australia:

Westpac Consumer Sentiment (Nov) decreased from -0.9% to -6.9%

NAB Business Confidence (Oct) decreased from 5 to 0

New Zealand:

Inflation Expectations (QoQ) increased from 3.1% to 3.6%

 

Some economic news from today:

Japan:

Coincident Indicator (MoM) (Sep) decreased from 1.7% to -0.7%

Leading Index (MoM) (Sep) decreased from 2.4% to -3.9%

Leading Index decreased from 101.3 to 97.4

 

 

EUROPE/EMEA:

 

The major Europe stock markets had a green day:

  • CAC 40 increased 24.89 points or 0.39% to 6,441.50
  • FTSE 100 increased 6.15 points or 0.08% to 7,306.14
  • DAX 30 increased 155.23 points or 1.15% to 13,688.75

 

The major Europe currency markets had a mixed day today:

  • EURUSD increased 0.00683 or 0.68% to 1.00860
  • GBPUSD increased 0.00683 or 0.59% to 1.15807
  • USDCHF decreased 0.00292 or -0.30% to 0.98508

 

Some economic news from Europe today:

France:

French Non-Farm Payrolls (QoQ) (Q3) decreased from 0.5% to 0.4%

Euro Zone:

Retail Sales (MoM) (Sep) increased from 0.0% to 0.4%

 

US/AMERICAS:

US Market Closings:

  • Dow advanced 333.83 points or 1.02% to 33,160.83
  • S&P 500 advanced 21.31 points or 0.56% to 3,828.11
  • Nasdaq advanced 51.68 points or 0.49% to 10,616.2
  • Russell 2000 declined by 0.88 of a point or -0.05% to 1,808.93

 

Canada Market Closings:

  • TSX Composite advanced 114.4 points or 0.59% to 19,660.31
  • TSX 60 advanced 6.47 points or 0.55% to 1,189.48

 

Brazil Market Closing:

  • Bovespa advanced 817.95 points or 0.71% to 116,160.35

 

ENERGY:

 

The oil markets had a mixed day today:

 

  • Crude Oil decreased 1.392 USD/BBL or -1.52% to 90.398
  • Brent decreased 1.129 USD/BBL or -1.15% to 96.791
  • Natural gas decreased 0.7612 USD/MMBtu or -10.96% to 6.1828
  • Gasoline increased 0.0221 USD/GAL or 0.83% to 2.6752
  • Heating oil increased 0.0055 USD/GAL or 0.15% to 3.7866

 

The above data was collected around 12:25 EST on Tuesday

 

  • Top commodity gainers: Gold (2.20%), Silver (3.41%), Bitumen (2.30%) and Platinum (2.13%)
  • Top commodity losers: Coal (-1.88%), Coffee (-2.87%), Methanol (-2.54%) and Natural Gas (-10.96%)

 

The above data was collected around 12:33 EST on Tuesday.

 

 

BONDS:

 

Japan 0.250%(+0bp), US 2’s 4.70% (-0.029%), US 10’s 4.1402% (-7.38bps); US 30’s 4.25% (-0.060%), Bunds 2.282% (-4.3bp), France 2.800% (-6.2bp), Italy 4.389% (-9.6bp), Turkey 11.97% (+19bp), Greece 4.675% (-6.4bp), Portugal 3.265% (-3.4bp); Spain 3.324% (-6.5bp) and UK Gilts 3.5450% (-9bp).