Market Talk – August 19, 2022

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ASIA:

 

The key Asian inventory markets had a blended day at this time:

  • NIKKEI 225 decreased 11.81 factors or -0.04% to twenty-eight,930.33
  • Shanghai decreased 19.47 factors or -0.59% to three,258.08
  • Cling Seng elevated 9.12 factors or 0.05% to 19,773.03
  • ASX 200 elevated 1.70 factors or 0.02% to 7,114.50
  • Kospi decreased 15.36 factors or -0.61% to 2,492.69
  • SENSEX decreased 651.85 factors or -1.08% to 59,646.15
  • Nifty50 decreased 198.05 factors or -1.10% to 17,758.45

 

The key Asian foreign money markets had a blended day at this time:

  • AUDUSD decreased 0.00433 or -0.63% to 0.68704
  • NZDUSD decreased 0.00823 or -1.31% to 0.61777
  • USDJPY elevated 1.207 or 0.89% to 137.024
  • USDCNY elevated 0.03561 or 0.52% to six.83721

 

Valuable Metals:

Gold  decreased 8.16 USD/t oz. or -0.46% to 1,750.04

Silver decreased 0.401 USD/t. ozor  -2.05% to 19.119

 

Some financial information from final evening:

Japan:

CPI, n.s.a (MoM) (Jul) elevated from 0.3% to 0.5%

Nationwide Core CPI (YoY) (Jul) elevated from 2.2% to 2.4%

Nationwide CPI (YoY) (Jul) elevated from 2.4% to 2.6%

Nationwide CPI (MoM) elevated from 0.0% to 0.5%

New Zealand:

Credit score Card Spending (YoY) elevated from 3.9% to 4.9%

Exports (Jul) elevated from 6.27B to six.68B

Imports (Jul) elevated from 7.38B to 7.77B

Commerce Steadiness (MoM) (Jul) elevated from -1,102M to -1,092M

Commerce Steadiness (YoY) (Jul) decreased from -10,940M to -11,640M

Some financial information from at this time:

India:

FX Reserves, USD decreased from 572.98B to 570.74B

 

 

EUROPE/EMEA:

The key Europe inventory markets had a blended day:

CAC 40 decreased 61.57 factors or -0.94% to six,495.83

FTSE 100 elevated 8.52 factors or 0.11% to 7,550.37

DAX 30 decreased 152.89 factors or -1.12% to 13,544.52

The key Europe foreign money markets had a blended day at this time:

  • EURUSD decreased 0.0043 or -0.43% to 1.00469
  • GBPUSD decreased 0.01162 or -0.97% to 1.18169
  • USDCHF elevated 0.00185 or 0.19% to 0.95865

 

Some financial information from Europe at this time:

UK:

Core Retail Gross sales (YoY) (Jul) elevated from -6.2% to -3.0%

Core Retail Gross sales (MoM) (Jul) elevated from 0.2% to 0.4%

Retail Gross sales (MoM) (Jul) elevated from -0.2% to 0.3%

Retail Gross sales (YoY) (Jul) elevated from -6.1% to -3.4%

Germany:

German PPI (YoY) (Jul) elevated from 32.7% to 37.2%

German PPI (MoM) (Jul) elevated from 0.6% to five.3%

Euro Zone:

Present Account (Jun) elevated from -4.5B to 4.2B

Present Account n.s.a. (Jun) elevated from -15.4B to three.2B

US/AMERICAS:

As a part of the Inflation Discount Act, firms will face a 1% excise tax on buybacks. In accordance with S&P International information, corporations repurchased $881.7 billion in shares final 12 months, a soar from the $519.8 billion in buybacks in 2020. Estimates state that this new tax will increase $74 billion inside ten years. The legislation will go into impact on January 1, 2023. Some consider corporations could enhance buybacks in the course of the the rest of the 12 months to keep away from the tax.

Retail gross sales in Canada rose 1.1% to C$63.1 billion this June, in accordance with information launched by Statistics Canada. The company believes July’s information will present a 2% decline in retail gross sales. Greater costs led to increased gross sales. Gasoline costs rose 3.9% in June regardless of quantity declining 1.3%. Core retail gross sales rose by solely 0.2%.

US Market Closings:

  • Dow declined 292.3 factors or -0.86% to 33,706.74
  • S&P 500 declined 55.26 factors or -1.29% to 4,228.48
  • Nasdaq declined 260.13 factors or -2.01% to 12,705.22
  • Russell 2000 declined 43.38 factors or -2.17% to 1,957.35

 

Canada Market Closings:

  • TSX Composite declined 153.99 factors or -0.76% to twenty,111.38
  • TSX 60 declined 7.89 factors or -0.64% to 1,217.93

 

Brazil Market Closing:

  • Bovespa declined 2,316.66 factors or -2.04% to 111,496.21

 

ENERGY:

The oil markets had a inexperienced day at this time:

 

Crude Oil elevated 1.642 USD/BBL or 1.81% to 92.142

Brent elevated 0.989 USD/BBL or 1.02% to 97.579

Pure gasoline elevated 0.1455 USD/MMBtu or 1.58% to 9.3335

Gasoline elevated 0.0154 USD/GAL or 0.51% to three.0415

Heating oil elevated 0.0588 USD/GAL or 1.61% to three.7085

The above information was collected round 11:56 EST on Friday

High commodity gainers: Wheat (2.24%), Crude Oil(1.81%), Rice (2.45%) and Sugar (1.97%)

High commodity losers: Bitumen (-2.23%), Lumber(-5.85%),  Platinum (-2.55%) and Silver (-2.05%)

 

The above information was collected round 12:03 EST on Friday.

 

BONDS:

 

Japan 0.205%(+0.7bp), US 2’s 3.27% (+0.037%), US 10’s 2.9794% (+9.94bps); US 30’s 3.21% (+0.074%), Bunds 1.230% (+13.2bp), France 1.7970% (+11.9bp), Italy 3.4880% (+16.5bp), Turkey 16.29% (-38bp), Greece 3.695% (+15.7bp), Portugal 2.299% (+13.8bp); Spain 2.373% (+12.7bp) and UK Gilts 2.4110% (+10.1bp).



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