ASIA:
Australia and Singapore agreed on Tuesday on a “green economy” deal to boost cooperation on climate investment, financing and technology. Singapore Prime Minister Lee Hsien Loong told a news conference in Canberra that the agreement would start with initiatives such as developing a list of environmental goods and services that could be given preferential trade treatment. Australian Prime Minister Anthony Albanese cited the A$30 billion ($18.8 billion) Sun Cable project, which aims to export solar power from Northern Australia to Singapore via Indonesia, as an example of what the agreement aims to achieve.
The major Asian stock markets had a mixed day today:
- NIKKEI 225 decreased 250.42 points or -0.92% to 27,006.96
- Shanghai decreased 9.33 points or -0.31% to 3,035.05
- Hang Seng decreased 231.06 points or -1.40% to 16,280.22
- Kospi decreased 19.35 points or -0.86% to 2,218.09
- ASX 200 decreased 69.40 points or -1.02% to 6,730.70
- SENSEX increased 95.71 points or 0.16% to 59,202.90
- Nifty50 increased 51.70 points or 0.30% to 17,563.95
The major Asian currency markets had a mixed day today:
- AUDUSD increased 0.00472 or 0.75% to 0.63096
- NZDUSD increased 0.00301 or 0.53% to 0.56991
- USDJPY increased 0.113 or 0.08% to 149.936
- USDCNY decreased 0.02825 or -0.39% to 7.23965
Precious Metals:
- Gold increased 7.08 USD/t oz. or 0.43% to 1,635.57
- Silver increased 0.336 USD/t. oz or 1.82% to 18.776
Some economic news from last night:
China:
PBoC Loan Prime Rate remain the same at 3.65%
Japan:
Adjusted Trade Balance increased from -2.34T to -2.01T
Exports (YoY) (Sep) increased from 22.0% to 28.9%
Trade Balance (Sep) increased from -2,820.0B to -2,094.0B
Australia：
Employment Change (Sep) decreased from 36.3K to 0.9K
Full Employment Change (Sep) decreased from 55.0K to 13.3K
Unemployment Rate (Sep) remain the same at 3.5%
Some economic news from today:
Hong Kong:
Unemployment Rate (Sep) decreased from 4.1% to 3.9%
India:
M3 Money Supply increased from 8.6% to 9.1%
EUROPE/EMEA:
The UK Treasury is set to transfer more than £11 billion ($12.4 billion) to the Bank of England this fiscal year to cover projected losses in its bond-buying program, a major online daily reported. Parliament is set to debate the payment, which will cover losses for six months, on Monday. The BOE is to begin active sales of its quantitative easing program next month. The sharp rise in interest rates and the steep fall in gilt prices ahead of the BOE’s planned sales have now reversed the flows for the first time. An initial £828 million has already been transferred. The BOE bought £895 billion of government and corporate bonds between 2009 and 2021 to provide economic support after interest rates were cut as low as they could go. The recent fall in bond prices, after interest rates shot up, has left the remaining the £838 billion portfolio of gilts carrying a market loss of about £200 billion.
The major Europe stock markets had a green day:
- CAC 40 increased 46.18 points or 0.76% to 6,086.90
- FTSE 100 increased 18.92 points or 0.27% to 6,943.91
- DAX 30 increased 26.00 points or 0.20% to 12,767.41
The major Europe currency markets had a mixed day today:
- EURUSD increased 0.00384 or 0.39% to 0.98004
- GBPUSD increased 0.0046 or 0.41% to 1.12527
- USDCHF decreased 0.00169 or -0.17% to 1.00241
Some economic news from Europe today:
Swiss:
Trade Balance (Sep) increased from 3.322B to 4.003B
Germany:
German PPI (YoY) (Sep) remain the same at 45.8%
German PPI (MoM) (Sep) decreased from 7.9% to 2.3%
France:
French Business Survey (Oct) increased from 102 to 103
Euro Zone:
Current Account (Aug) decreased from -19.9B to -26.3B
Current Account n.s.a. (Aug) decreased from -10.1B to -20.2B
US/AMERICAS:
The labor market continues to strengthen, much to the Fed’s dismay, as first-time unemployment filings reached a three-week low. Applications during the week ending on October 15 declined to 214,000, while the week prior was revised down to 226,000. Pre-pandemic weekly claims averaged around 218,000. Continuing claims, collected the week prior, rose by 21,000 to 1.385 million.
US Market Closings:
- Dow declined 90.22 points or -0.3% to 30,333.59
- S&P 500 declined 29.38 points or -0.8% to 3,665.78
- Nasdaq declined 65.66 points or -0.61% to 10,614.84
- Russell 2000 declined 21.36 points or 1.24% to 1,704.39
Canada Market Closings:
- TSX Composite declined 95.11 points or -0.51% to 18,579.29
- TSX 60 declined 5.99 points or -0.53% to 1,125.95
Brazil Market Closing:
- Bovespa advanced 896.87 points or 0.77% to 117,171.11
ENERGY:
The oil markets had a mixed day today:
- Crude Oil increased 0.518 USD/BBL or 0.61% to 86.068
- Brent decreased 0.051 USD/BBL or -0.05% to 92.359
- Natural gas decreased 0.0566 USD/MMBtu or -1.04% to 5.4054
- Gasoline increased 0.0071 USD/GAL or 0.27% to 2.6593
- Heating oil decreased 0.1317 USD/GAL or -3.37% to 3.7726
The above data was collected around 13:09 EST on Thursday
- Top commodity gainers: Copper (2.48%), Platinum (3.40%), Zinc (2.57%) and Palladium (2.91%)
- Top commodity losers: Rubber (-2.48%), Coffee (-1.61%), Heating Oil (-3.37%) and Steel (-1.39%)
The above data was collected around 13:15 EST on Thursday.
BONDS:
Japan 0.252%(-0.1bp), US 2’s 4.60% (+0.047%), US 10’s 4.2093% (+8.03bps); US 30’s 4.21% (+0.078%), Bunds 2.426% (+5.7bp), France 2.975% (+2bp), Italy 4.763% (-0.9bp), Turkey 10.42% (+12p), Greece 5.048% (-0.3bp), Portugal 3.454% (+1.7bp); Spain 3.604% (+7.6bp) and UK Gilts 3.937% (+6.8bp).
