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Market Talk – September 22, 2023

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ASIA:

 

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 decreased 168.62 points or -0.52% to 32,402.41
  • Shanghai increased 47.73 points or 1.55% to 3,132.43
  • Hang Seng increased 402.04 points or 2.28% to 18,057.45
  • ASX 200 increased 3.60 points or 0.05% to 7,068.80
  • Kospi decreased 6.84 points or -0.27% to 2,508.13
  • SENSEX decreased 221.09 points or -0.33% to 66,009.15
  • Nifty50 decreased 68.10 points or -0.34% to 19,674.25

 

 

The major Asian currency markets had a mixed day today:

  • AUDUSD increased 0.00354 or 0.55% to 0.64524
  • NZDUSD increased 0.00434 or 0.73% to 0.59744
  • USDJPY increased 0.676 or 0.46% to 148.256
  • USDCNY decreased 0.01453 or -0.20% to 7.29951

 

The above data was collected around 12.44 EST.

 

 

Precious Metals:

 

  • Gold increased 6.84 USD/t oz. or 0.36% to 1,926.41
  • Silver increased 0.180 USD/t. oz or 0.77% to 23.560

 

The above data was collected around 12:48 EST.

 

 

Some economic news from last night:

Japan:

National Core CPI (YoY) (Aug) remain the same at 3.1%

au Jibun Bank Japan Services PMI decreased from 54.3 to 53.3

BoJ Interest Rate Decision remain the same at -0.10%

New Zealand:

Westpac Consumer Sentiment (Q3) decreased from 83.1 to 80.2

 

 

 

EUROPE/EMEA:

 

The major Europe stock markets had a mixed day today:

  • CAC 40 decreased 29.08 points or -0.40% to 7,184.82
  • FTSE 100 increased 5.29 points or 0.07% to 7,683.91
  • DAX 30 decreased 14.57 points or -0.09% to 15,557.29

 

The major Europe currency markets had a mixed day today:

  • EURUSD increased 0.00004 or 0.00% to 1.06584
  • GBPUSD decreased 0.00392 or -0.32% to 1.22548
  • USDCHF increased 0.00211 or 0.23% to 0.90641

 

The above data was collected around 13:12 EST.

 

 

Some economic news from Europe today:

Spain:

Spanish GDP (QoQ) (Q2) decreased from 0.6% to 0.5%

France:

HCOB France Manufacturing PMI (Sep) decreased from 46.0 to 43.6

HCOB France Services PMI (Sep) decreased from 46.0 to 43.9

Germany:

HCOB Germany Manufacturing PMI (Sep) increased from 39.1 to 39.8

HCOB Germany Services PMI (Sep) increased from 47.3 to 49.8

UK:

Core Retail Sales (YoY) (Aug) increased from -3.3% to -1.4%

Core Retail Sales (MoM) (Aug) increased from -1.4% to 0.6%

Retail Sales (YoY) (Aug) increased from -3.1% to -1.4%

Retail Sales (MoM) (Aug) increased from -1.1% to 0.4%

S&P Global/CIPS UK Composite PMI decreased from 48.6 to 46.8

S&P Global/CIPS UK Manufacturing PMI increased from 43.0 to 44.2

S&P Global/CIPS UK Services PMI decreased from 49.5 to 47.2

Euro Zone:

HCOB Eurozone Manufacturing PMI (Sep) decreased from 43.5 to 43.4

HCOB Eurozone Composite PMI (Sep) increased from 46.7 to 47.1

HCOB Eurozone Services PMI (Sep) increased from 47.9 to 48.4

 

US/AMERICAS:

The U.S. Securities and Exchange Commission has fined Citadel Securities $7 million for violating order marking requirements. The SEC found that the firm marked millions of certain short sale orders as long sales, and vice versa, between September 2015 and September 2020, due to a coding error in Citadel’s automated trading system. The matter had no impact on the quality of the firm’s client execution, according to a Citadel spokesperson.

US Market Closings:

  • Dow declined 106.58 points or -0.31% to 33,963.84
  • S&P 500 declined 9.94 points or -0.23% to 4,320.06
  • Nasdaq declined 12.18 points or -0.09% to 13,211.81
  • Russell 2000 declined 5.32 points or -0.3% to 1,776.5

 

Canada Market Closings:

  • TSX Composite declined 11.65 points or -0.06% to 19,779.97
  • TSX 60 declined 1.38 points or -0.12% to 1,185.79

 

Brazil Market Closing:

  • Bovespa declined 136.41 points or -0.12% to 116,008.64

 

ENERGY:

 

The oil markets had a mixed day today:

 

  • Crude Oil increased 0.264 USD/BBL or 0.29% to 89.894
  • Brent decreased 0.106 USD/BBL or -0.11% to 93.194
  • Natural gas increased 0.0284 USD/MMBtu or 1.09% to 2.6384
  • Gasoline decreased 0.0438 USD/GAL or -1.67% to 2.5761
  • Heating oil decreased 0.0407 USD/GAL or -1.21% to 3.3273

 

The above data was collected around 13:16 EST.

 

  • Top commodity gainers: HRC Steel (1.82%), Lumber (1.51%), Aluminum (1.88%) and Zinc (1.67%)
  • Top commodity losers: Methanol (-1.36%), Coffee (-2.65%), Gasoline (-1.67%) and Heating Oil (-1.21%)

 

The above data was collected around 13:20 EST.

 

 

BONDS:

 

Japan 0.742% (-0.4bp), US 2’s 5.11% (-0.038%), US 10’s 4.4297% (-5.03bps); US 30’s 4.52% (-0.033%), Bunds 2.732% (-1.5bp), France 3.281% (-0.1bp), Italy 4.600% (+5.3bp), Turkey 24.55% (+32bp), Greece 4.262% (+7.5bp), Portugal 3.5160% (+3.4bp); Spain 3.806% (+0.4bp) and UK Gilts 4.246% (-5.7bp)

 

The above data was collected around 13:25 EST.