ASIA:
China’s securities regulator said on Friday it plans to revise rules to make it easier for listed companies to buy back shares in a bid to bolster corporate value and protect investor interest. The China Securities Regulatory Commission (CSRC) published the draft rules as China’s benchmark CSI300 Index has lost more than 20% so far this year amid gloomy growth outlook. Buybacks can be triggered when a company’s shares fall 25% within 20 consecutive trading days, according to draft rules soliciting public opinions. That compares with the current trigger of a 30% decline.
The major Asian stock markets had a green day today:
- NIKKEI 225 increased 853.34 points or 3.25% to 27,090.76
- Shanghai increased 55.63 points or 1.84% to 3,071.99
- Hang Seng increased 198.58 points or 1.21% to 16,587.69
- Kospi increased 49.68 points or 2.30% to 2,212.55
- ASX 200 increased 116.20 points or 1.75% to 6,758.80
- SENSEX increased 684.64 points or 1.20% to 57,919.97
- Nifty50 increased 171.35 points or 1.01% to 17,185.70
The major Asian currency markets had a mixed day today:
- AUDUSD decreased 0.00882 or -1.40% to 0.62113
- NZDUSD decreased 0.00688 or -1.22% to 0.55622
- USDJPY increased 1.438 or 0.98% to 148.735
- USDCNY increased 0.03892 or 0.54% to 7.21362
Precious Metals:
- Gold decreased 20.71 USD/t oz. or -1.24% to 1,645.09
- Silver decreased 0.628 USD/t. oz or -3.33% to 18.240
Some economic news from last night:
China:
CPI (MoM) (Sep) increased from -0.1% to 0.3%
CPI (YoY) (Sep) increased from 2.5% to 2.8%
PPI (YoY) (Sep) decreased from 2.3% to 0.9%
Japan:
Foreign Bonds Buying decreased from -886.3B to -1,713.7B
Foreign Investments in Japanese Stocks increased from -501.8B to 1,393.9B
M2 Money Stock (YoY) decreased from 3.4% to 3.3%
M3 Money Supply (Sep) increased from 2,075.6T to 2,078.0T
South Korea：
Unemployment Rate (Sep) increased from 2.5% to 2.8%
Exports (YoY) (Oct) increased from 13.0% to 15.2%
Imports (YoY) (Oct) increased from 22.9% to 24.1%
New Zealand:
Business NZ PMI (Sep) decreased from 54.8 to 52.0
Some economic news from today:
India:
WPI Food (YoY) (Sep) decreased from 12.37% to 11.03%
WPI Fuel (YoY) (Sep) decreased from 33.67% to 32.61%
WPI Inflation (YoY) (Sep) decreased from 12.41% to 10.70%
WPI Manufacturing Inflation (YoY) (Sep) decreased from 7.51% to 6.34%
Exports (USD) (Sep) increased from 32.62B to 35.45B
FX Reserves, USD increased from 532.66B to 532.87B
Imports (USD) (Sep) increased from 59.35B to 61.16B
Trade Balance (Sep) increased from -26.72B to -25.71B
EUROPE/EMEA:
AIB became the first Irish bank to increase mortgage interest rates since the European Central Bank began to hike its rates, adding half a percentage point to the cost of a new fixed-rate mortgage on Friday. The ECB has raised its deposit rate from -0.5% to 0.75% in less than two months, its fastest pace on record, and another large hike is slated for Oct. 27. Irish banks absorbed the first round, holding their variable or fixed rates. Irish homeowners have increasingly switched to cheaper fixed rates in recent years. The lowest fixed rate now on offer for new customers at AIB, the country’s largest mortgage lender, is Haven’s 2.5% four-year rate applying to energy efficient homes. The average interest rate across all new Irish mortgages was 2.64% in August, central bank data showed on Thursday. While still higher than the euro zone average of 2.21%, the gap has closed significantly in recent months.
The major Europe stock markets had a green day:
- CAC 40 increased 52.73 points or 0.90% to 5,931.92
- FTSE 100 increased 8.52 points or 0.12% to 6,858.79
- DAX 30 increased 82.23 points or 0.67% to 12,437.81
The major Europe currency markets had a mixed day today:
- EURUSD decreased 0.00437 or -0.45% to 0.97270
- GBPUSD decreased 0.01373 or -1.21% to 1.11714
- USDCHF increased 0.00521 or 0.52% to 1.00571
Some economic news from Europe today:
Germany:
German WPI (YoY) (Sep) increased from 18.9% to 19.9%
German WPI (MoM) (Sep) increased from 0.1% to 1.6%
France:
French CPI (MoM) (Sep) decreased from 0.5% to -0.6%
French CPI (YoY) decreased from 5.9% to 5.6%
French HICP (MoM) (Sep) decreased from 0.5% to -0.5%
French HICP (YoY) (Sep) decreased from 6.6% to 6.2%
Spain:
Spanish CPI (MoM) (Sep) decreased from 0.3% to -0.7%
Spanish CPI (YoY) (Sep) decreased from 10.5% to 8.9%
Spanish HICP (MoM) (Sep) decreased from 0.3% to -0.2%
Spanish HICP (YoY) (Sep) decreased from 10.5% to 9.0%
Euro Zone:
Trade Balance (Aug) decreased from -33.9B to -50.9B
Reserve Assets Total (Sep) increased from 1,130.63B to 1,135.79B
US/AMERICAS:
Consumer spending, closely monitored by the Federal Reserve, fell flat this September. Retail and food services rose 0.4% in August, according to the Commerce Department, and did not significantly change the following month. Retail sales data is not adjusted for inflation. Consumers are pulling back as the cost of living become unmanageable. The Bureau of Labor Statistics claimed consumer prices rose 0.4% for the month on all goods, and 0.6% when excluding food and energy. Although the month remained stagnant, consumer prices rose 8.2% YoY, in line with CPI.
US Market Closings:
- Dow declined 403.89 points or -1.34% to 29,634.83
- S&P 500 declined 86.84 points or -2.37% to 3,583.07
- Nasdaq declined 327.76 points or -3.08% to 10,321.39
- Russell 2000 declined 46.01 points or -2.66% to 1,682.4
Canada Market Closings:
- TSX Composite declined 287.28 points or -1.54% to 18,326.35
- TSX 60 declined 16.57 points or -1.47% to 1,108.74
Brazil Market Closing:
- Bovespa declined 2,227.75 points or -1.95% to 112,072.34
ENERGY:
The oil markets had a negative day today:
- Crude Oil decreased 3.474 USD/BBL or -3.90% to 85.636
- Brent decreased 3.019 USD/BBL or -3.19% to 91.551
- Natural gas decreased 0.2783 USD/MMBtu or -4.13% to 6.4627
- Gasoline decreased 0.0819 USD/GAL or -3.03% to 2.6215
- Heating oil decreased 0.0979 USD/GAL or -2.39% to 3.9969
The above data was collected around 13:56 EST on Friday
- Top commodity gainers: Palm Oil (4.58%), Rubber (0.68%), Orange Juice (0.83%) and Zinc (0.52%)
- Top commodity losers: Palladium (-5.25%), Silver (-3.33%), Natural Gas (-4.13%) and Crude Oil (-3.90%)
The above data was collected around 14:02 EST on Friday.
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BONDS:
Japan 0.25%(+0bp), US 2’s 4.51% (+0.058%), US 10’s 4.0225% (+6.85bps); US 30’s 3.99% (+0.059%), Bunds 2.350% (+5bp), France 2.941% (+7.1bp), Italy 4.789% (+11.6bp), Turkey 13.03% (-8p), Greece 4.969% (+3.5bp), Portugal 3.443% (+5.1bp); Spain 3.519% (+6.6bp) and UK Gilts 4.371% (+17.7bp).
