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Market Talk – September 29, 2023

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ASIA:

 

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 decreased 14.90 points or -0.05% to 31,857.62
  • Shanghai closed
  • Hang Seng increased 436.63 points or 2.51% to 17,809.66
  • ASX 200 increased 23.80 points or 0.34% to 7,048.60
  • Kospi closed
  • SENSEX increased 320.09 points or 0.49% to 65,828.41
  • Nifty50 increased 114.75 points or 0.59% to 19,638.30

 

 

The major Asian currency markets had a green day today:

  • AUDUSD increased 0.00082 or 0.13% to 0.64312
  • NZDUSD increased 0.0026 or 0.44% to 0.59950
  • USDJPY increased 0.177 or 0.12% to 149.467
  • USDCNY increased 0.00067 or 0.01% to 7.29551

 

The above data was collected around 13.43 EST.

 

 

Precious Metals:

  • Gold decreased 13.86 USD/t oz. or -0.74% to 1,850.70
  • Silver decreased 0.390 USD/t. oz or -1.72% to 22.211

 

The above data was collected around 13:46 EST.

 

Some economic news from last night:

Japan:

Tokyo Core CPI (YoY) (Sep) decreased from 2.8% to 2.5%

Industrial Production (MoM) (Aug) increased from -1.8% to 0.0%

 

No economic news from today:

 

 

EUROPE/EMEA:

 

The major Europe stock markets had a green day today:

  • CAC 40 increased 18.82 points or 0.26% to 7,135.06
  • FTSE 100 increased 6.23 points or 0.08% to 7,608.08
  • DAX 30 increased 63.08 points or 0.41% to 15,386.58

 

The major Europe currency markets had a mixed day today:

  • EURUSD increased 0.00077 or 0.07% to 1.05667
  • GBPUSD decreased 0.00094 or -0.08% to 1.21876
  • USDCHF increased 0.00097 or 0.11% to 0.91577

 

The above data was collected around 13:52 EST.

 

 

Some economic news from Europe today:

UK:

Business Investment (QoQ) (Q2) increased from 4.0% to 4.1%

Current Account (Q2) decreased from -15.2B to -25.3B

GDP (QoQ) (Q2) decreased from 0.3% to 0.2%

GDP (YoY) (Q2) increased from 0.5% to 0.6%

Germany:

German Retail Sales (MoM) (Aug) decreased from -0.8% to -1.2%

German Unemployment Rate (Sep) remain the same at 5.7%

German Unemployment Change (Sep) decreased from 20K to 10K

France:

French Consumer Spending (MoM) (Aug) decreased from 0.4% to -0.5%

French CPI (MoM) (Sep) decreased from 1.0% to -0.5%

French HICP (MoM) decreased from 1.1% to -0.6%

Swiss:

KOF Leading Indicators (Sep) decreased from 96.2 to 95.9

Euro Zone:

Core CPI (YoY) decreased from 5.3% to 4.5%

CPI (MoM) decreased from 0.5% to 0.3%

CPI (YoY) (Sep) decreased from 5.2% to 4.3%

 

US/AMERICAS:

The personal consumption expenditures (PCE) price index, which is the Federal Reserve’s preferred inflation gauge, rose less than expected in August. The PCE price index excluding food and energy increased 0.1% for the month, lower than the expected 0.2% gain from the Dow Jones consensus of economists. On a 12-month basis, the index was up 3.9%, as expected. The annual increase for core PCE was 3.9%, matching the forecast. This is the lowest annual increase that the core PCE index has seen in two years, which is a positive step toward the Fed’s target of 2% inflation. Consumer spending rose 0.4% on a current-dollar basis, down sharply from 0.9% in July.

US Market Closings:

  • Dow declined 158.84 points or -0.47% to 33,507.5
  • S&P 500 declined 11.65 points or -0.27% to 4,288.05
  • Nasdaq advanced 18.05 points or 0.14% to 13,219.32
  • Russell 2000 declined 9.21 points or -0.51% to 1,785.1

 

Canada Market Closings:

  • TSX Composite declined 49.47 points or -0.25% to 19,541.27
  • TSX 60 declined 3.27 points or -0.28% to 1,172.66

 

Brazil Market Closing:

  • Bovespa advanced 753.86 points or 0.65% to 116,484.62

 

ENERGY:

 

The oil markets had a mixed day today:

 

  • Crude Oil decreased 1.158 USD/BBL or -1.26% to 90.552
  • Brent decreased 1.011 USD/BBL or -1.09% to 92.089
  • Natural gas increased 0.0097 USD/MMBtu or 0.33% to 2.9547
  • Gasoline decreased 0.0637 USD/GAL or -2.58% to 2.4025
  • Heating oil increased 0.0206 USD/GAL or 0.63% to 3.2910

 

The above data was collected around 13:57 EST.

 

  • Top commodity gainers: Cheese (1.09%), Zinc (1.35%), Orange Juice (1.45%) and Aluminum (3.27%)
  • Top commodity losers: Cotton (-4.47%), Lean Hogs (-4.63%), Oat (-3.21%) and Wheat (-6.37%)

 

The above data was collected around 14:06 EST.

 

 

BONDS:

 

Japan 0.771% (+1.5bp), US 2’s 5.06% (-0.015%), US 10’s 4.5691% (-2.79bps); US 30’s 4.70% (-0.031%), Bunds 2.850% (-11.8bp), France 3.414% (-9.3bp), Italy 4.815% (-6.7bp), Turkey 25.52% (-123bp), Greece 4.362% (-14.6bp), Portugal 3.593% (-15.4bp); Spain 3.948% (-9.1bp) and UK Gilts 4.442% (-4.7bp)

 

The above data was collected around 14:27 EST.