Market Talk – July 23, 2024 | Armstrong Economics

ASIA:

The major Asian stock markets had a mixed day today:

NIKKEI 225 decreased 4.61 points or -0.01% to 39,594.39
Shanghai decreased 48.85 points or -1.65% to 2,915.37
Hang Seng decreased 166.52 points or -0.94% to 17,469.36
ASX 200 increased 39.40 points or 0.50% to 7,971.10
KOSPI increased 10.78 points or 0.39% to 2,774.29
SENSEX decreased 73.04 points or -0.09% to 80,429.04
Nifty50 decreased 30.20 points or -0.12% to 24,479.05

The major Asian currency markets had a negative day today:

AUDUSD decreased 0.00214 or -0.32% to 0.66171
NZDUSD decreased 0.00214 or -0.36% to 0.59550
USDJPY decreased 1.145 or -0.73% to 155.759
USDCNY decreased 0.00748 or -0.10% to 7.28878

The above data was collected around 12:45 EST.

Precious Metals:

 Gold increased 10.85 USD/t oz. or 0.45% to 2,406.57
 Silver increased 0.06 USD/t. oz. or 0.21% to 29.131

The above data was collected around 12:48 EST.

EUROPE/EMEA:

The major Europe stock markets had a mixed day today:

 CAC 40 decreased 23.39 points or -0.31% to 7,598.63
 FTSE 100 decreased 31.41 points or -0.38% to 8,167.37
 DAX 30 increased 150.63 points or 0.82% to 18,557.70

The major Europe currency markets had a mixed day today:

EURUSD decreased 0.00362 or -0.33% to 1.08527
GBPUSD decreased 0.00208 or -0.16% to 1.29097
USDCHF increased 0.00217 or 0.24% to 0.89180

The above data was collected around 12:57 EST.

US/AMERICAS:

US Market Closings:

Dow declined 57.35 points or -0.14% to 40,358.09
S&P 500 declined 8.67 points or -0.16% to 5,555.74
Nasdaq declined 10.22 points or -0.06% to 17,997.35
Russell 2000 advanced 22.62 points or 1.02% to 2,243.27

Canada Market Closings:

TSX Composite declined 58.9 points or -0.26% to 22,813.75
TSX 60 declined 4.56 points or -0.33% to 1,361.06

Brazil Market Closing:

Bovespa declined 1,227.28 points or -0.96% to 126,632.35

ENERGY:

The oil markets had a negative day today:

 Crude Oil decreased 1.364 USD/BBL or -1.74% to 77.036
 Brent decreased 1.328 USD/BBL or -1.61% to 81.072
 Natural gas decreased 0.0599 USD/MMBtu or -2.66% to 2.1911
 Gasoline decreased 0.0335 USD/GAL or -1.36% to 2.4296
 Heating oil decreased 0.0202 USD/GAL or -0.83% to 2.4101

The above data was collected around 12:59 EST.

 Top commodity gainers: Palladium (2.10%), Lean hogs (1.29%), Live Cattle (0.77%) and Palm Oil (0.73%)
 Top commodity losers: Cotton (-2.92%), Corn (-2.78%), Natural Gas (-2.66%) and Crude Oil (-1.74%)

The above data was collected around 13:05 EST.

BONDS:

Japan 1.0630% (-0.18bp), US 2’s 4.50% (-0.024%), US 10’s 4.232% (-2.4bps); US 30’s 4.46% (-0.013%), Bunds 2.4405% (-4.25bp), France 3.125% (-2.3bp), Italy 3.7520% (-2.5bp), Turkey 27.915% (-23bp), Greece 3.451% (+1.3bp), Portugal 3.045% (-2.3bp); Spain 3.235% (-0.55bp) and UK Gilts 4.128% (-3.61bp)

The above data was collected around 13:09 EST.