ASIA:
The major Asian stock markets had a mixed day today:
NIKKEI 225 decreased 45.10 points or -0.14% to 33,189.04
Shanghai increased 19.68 points or 0.62% to 3,202.06
Hang Seng decreased 17.93 points or -0.09% to 18,916.43
ASX 200 increased 8.40 points or 0.12% to 7,203.30
Kospi increased 14.26 points or 0.56% to 2,564.28
SENSEX increased 803.14 points or 1.26% to 64,718.56
Nifty50 increased 216.95 points or 1.14% to 19,189.05
The major Asian currency markets had a mixed day today:
AUDUSD increased 0.00554 or 0.84% to 0.66694
NZDUSD increased 0.00723 or 1.19% to 0.61403
USDJPY decreased 0.471 or -0.33% to 144.299
USDCNY decreased 0.00504 or -0.07% to 7.26236
Precious Metals:
Gold increased 14.37 USD/t oz. or 0.75% to 1,922.52
Silver increased 0.275 USD/t. oz or 1.22% to 22.825
Some economic news from last night:
China:
Chinese Composite PMI (Jun) decreased from 52.9 to 52.3
Manufacturing PMI (Jun) increased from 48.8 to 49.0\
Non-Manufacturing PMI (Jun) decreased from 54.5 to 53.2
Japan:
Jobs/applications ratio (May) decreased from 1.32 to 1.31
Tokyo Core CPI (YoY) (Jun) remain the same at 3.2%
CPI Tokyo Ex Food and Energy (MoM) (Jun) decreased from 0.2% to -0.2%
Industrial Production (MoM) (May) decreased from 0.7% to -1.6%
Australia:
Private Sector Credit (MoM) (May) remain the same at 0.4%
No economic news from today:
EUROPE/EMEA:
The major Europe stock markets had a green day today:
CAC 40 increased 87.33 points or 1.19% to 7,400.06
FTSE 100 increased 59.84 points or 0.80% to 7,531.53
DAX 30 increased 201.18 points or 1.26% to 16,147.90
The major Europe currency markets had a mixed day today:
EURUSD increased 0.00527 or 0.49% to 1.09167
GBPUSD increased 0.0102 or 0.81% to 1.27140
USDCHF decreased 0.00487 or -0.54% to 0.89443
Some economic news from Europe today:
UK:
Business Investment (QoQ) (Q1) increased from -0.2% to 3.3%
Current Account (Q1) decreased from -2.5B to -10.8B
GDP (YoY) (Q1) decreased from 0.6% to 0.2%
GDP (QoQ) (Q1) remain the same at 0.1%
Nationwide HPI (YoY) (Jun) decreased from -3.4% to -3.5%
Nationwide HPI (MoM) (Jun) increased from -0.1% to 0.1%
Germany:
German Retail Sales (MoM) (May) decreased from 0.7% to 0.4%
German Unemployment Change (Jun) increased from 13K to 28K
German Unemployment Rate (Jun) increased from 5.6% to 5.7%
Swiss:
KOF Leading Indicators (Jun) decreased from 91.4 to 90.8
Euro Zone:
Core CPI (YoY) increased from 5.3% to 5.4%
CPI (MoM) increased from 0.0% to 0.3%
CPI (YoY) (Jun) decreased from 6.1% to 5.5%
Unemployment Rate (May) remain the same at 6.5%
US/AMERICAS:
The Supreme Court has ruled that President Joe Biden’s student loan forgiveness program cannot move forward, which would have resulted in up to $10,000 of federal student loan debt being forgiven for individual borrowers who earned less than $125,000 in either 2020 or 2021 and married couples or heads of households who made less than $250,000 annually in those years. The program has faced opposition from conservatives and members of Biden’s own party. Student loan debt in America has now reached $1.8 trillion.
US Market Closings:
Dow advanced 285.18 points or 0.84% to 34,407.6
S&P 500 advanced 53.94 points or 1.23% to 4,450.38
Nasdaq advanced 196.59 points or 1.45% to 13,787.92
Russell 2000 advanced 7.14 points or 0.38% to 1,888.73
Canada Market Closings:
TSX Composite advanced 242.12 points or 1.22% to 20,155.29
TSX 60 advanced 14.56 points or 1.21% to 1,214.5
Brazil Market Closing:
Bovespa declined 295.65 points or -0.25% to 118087
ENERGY:
The oil markets had a green day today:
Crude Oil increased 0.51 USD/BBL or 0.73% to 70.370
Brent increased 0.512 USD/BBL or 0.69% to 75.022
Natural gas increased 0.0845 USD/MMBtu or 3.13% to 2.7855
Gasoline increased 0.0212 USD/GAL or 0.85% to 2.5246
Heating oil increased 0.0328 USD/GAL or 1.36% to 2.4400
The above data was collected around 13:36 EST on Friday
Top commodity gainers: Soybeans (4.50%), Rice (4.49%), Sugar (3.85%) and Rapeseed (3.21%)
Top commodity losers: Corn (-4.17%), Wheat (-2.58%), Rhodium (-8.00%) and Orange Juice (-0.46%)
The above data was collected around 13:43 EST Friday.
BONDS:
Japan 0.387% (+0.5bp), US 2’s 4.87% (-0.008%), US 10’s 3.8171% (-3.69bps); US 30’s 3.86% (-0.054%), Bunds 2.395% (-1.8bp), France 2.93% (-1.9bp), Italy 4.071% (-2.8bp), Turkey 16.34% (+13bp), Greece 3.683% (-0.9bp), Portugal 3.133% (-0.4bp); Spain 3.381% (-2.4bp) and UK Gilts 4.386% (+0.6bp).
The post Market Talk – June 30, 2023 first appeared on Armstrong Economics.
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