Market Talk – March 8, 2024 | Armstrong Economics

ASIA:

The major Asian stock markets had a green day today:

NIKKEI 225 increased 90.23 points or 0.23% to 39,688.94
Shanghai increased 18.62 points or 0.61% to 3,046.02
Hang Seng increased 123.61 points or 0.76% to 16,353.39
ASX 200 increased 83.30 points or 1.07% to 7,847.00
Kospi increased 32.73 points or 1.24% to 2,680.35
SENSEX closed
Nifty50 closed

The major Asian currency markets had a mixed day today:

AUDUSD increased 0.00018 or 0.03% to 0.66178
NZDUSD decreased 0.00027 or -0.04% to 0.61703
USDJPY decreased 0.899 or -0.61% to 147.131
USDCNY increased 0.00311 or 0.04% to 7.20281

The above data was collected around 14:09 EST.

Precious Metals:

Gold increased 9.98 USD/t oz. or 0.46% to 2,169.14
Silver decreased 0.128 USD/t. oz or -0.53% to 24.189

The above data was collected around 14:12 EST.

EUROPE/EMEA:

The major Europe stock markets had a mixed day today:

CAC 40 increased 11.79 points or 0.15% to 8,028.01
FTSE 100 decreased 32.72 points or -0.43% to 7,659.74
DAX 30 decreased 28.34 points or -0.16% to 17.814.51

The major Europe currency markets had a mixed day today:

EURUSD decreased 0.00094 or -0.09% to 1.09366
GBPUSD increased 0.0039 or 0.30% to 1.28450
USDCHF increased 0.0001 or 0.01% to 0.87760

The above data was collected around 14:17 EST.

US/AMERICAS:

US Market Closings:

Dow declined 68.66 points or -0.18% to 38,722.69
S&P 500 declined 33.67 points or -0.65% to 5,123.69
Nasdaq declined 188.26 points or -1.16% to 16,085.11
Russell 2000 declined 2.03 points or -0.1% to 2,082/71

Canada Market Closings:

TSX Composite declined 57.03 points or -0.26% to 21,737.53
TSX 60 declined 2.58 points or -0.2% to 1,311.89

Brazil Market Closing:

Bovespa declined 1,303.65 points or -1.02% to 127,036.11

ENERGY:

The oil markets had a negative day today:

Crude Oil decreased 1.057 USD/BBL or -1.34% to 77.873
Brent decreased 0.859 USD/BBL or -1.03% to 82.102
Natural gas decreased 0.0031 USD/MMBtu or -0.17% to 1.8149
Gasoline decreased 0.0298 USD/GAL or -1.17% to 2.5250
Heating oil decreased 0.0548 USD/GAL or -2.03% to 2.6399

The above data was collected around 14:19 EST.

Top commodity gainers: Soybeans (1.02%), HRC Steel (1.17%), Rubber (3.02%) and Butter (1.08%)
Top commodity losers: Cotton (-4.03%), Coffee (-3.50%), Heating Oil (-2.03%) and Palladium (-1.43%)

The above data was collected around 14:24 EST.

BONDS:

Japan 0.735% (+0.3bp), US 2’s 4.48% (-0.030%) , US 10’s 4.0885% (-0.35bps); US 30’s 4.26% (+0.016%), Bunds 2.272% (-2.3bp), France 2.726% (-1.8bp), Italy 3.578% (-3.4bp), Turkey 26.34% (+8bp), Greece 3.196% (-4bp), Portugal 2.949% (+0.1bp); Spain 3.089% (-2bp) and UK Gilts 3.979% (-1.6bp)

The above data was collected around 14:28 EST.