Market Talk – October 31, 2022

ASIA:

Officers in Chinese language cities and provinces throughout the nation are pulling no punches in stamping out sporadic COVID-19 outbreaks as winter nears, shortly closing venues and implementing longer non permanent lockdowns on thousands and thousands of individuals. Instances in mainland China hit 2,898 on Sunday, topping 2,000 for a second straight day and pressuring the nation’s controversial zero-COVID coverage, which has hamstrung the economic system and exasperated its residents. Complete circumstances in Guangzhou rose to 1,110 from Oct. 24-30 from 402 within the earlier seven-day interval. The specter of a serious lockdown would rattle the town and harken again to the nightmarish two-month lockdown Shanghai skilled a couple of months in the past. On Monday, Shanghai Disney Resort mentioned it closed the whole resort from Oct. 31 attributable to COVID prevention measures within the metropolis.

The key Asian inventory markets had a blended day right this moment:

• NIKKEI 225 elevated 482.26 factors or 1.78% to 27,587.46
• Shanghai decreased 22.44 factors or -0.77% to 2,893.48
• Dangle Seng decreased 176.04 factors or -1.18% to 14,687.02
• Kospi elevated 25.21 factors or 1.11% to 2,293.61
• ASX 200 elevated 77.80 factors or 1.15% to six,863.50
• SENSEX elevated 786.74 factors or 1.31% to 60,746.59
• Nifty50 elevated 225.40 factors or 1.27% to 18,012.20

The key Asian foreign money markets had a blended day right this moment:

• AUDUSD decreased 0.00215 or -0.34% to 0.63910
• NZDUSD decreased 0.00013 or -0.02% to 0.58117
• USDJPY elevated 1.234 or 0.84% to 148.699
• USDCNY elevated 0.06626 or 0.91% to 7.33606

Valuable Metals:

• Gold decreased 8.90 USD/t oz. or -0.54% to 1,632.86
• Silver decreased 0.074 USD/t. ouncesor -0.38% to 19.153

Some financial information from final night time:

China:

Chinese language Composite PMI (Oct) decreased from 50.9 to 49.0

Manufacturing PMI (Oct) decreased from 50.1 to 49.2

Non-Manufacturing PMI (Oct) decreased from 50.6 to 48.7

Japan:

Industrial Manufacturing (MoM) (Sep) decreased from 3.4% to -1.6%

Retail Gross sales (YoY) (Sep) elevated from 4.1% to 4.5%

Australia:

Non-public Sector Credit score (MoM) (Sep) decreased from 0.8% to 0.7%

Retail Gross sales (MoM) (Sep) stay the identical at 0.6%

Some financial information from right this moment:

Hong Kong:

GDP (QoQ) decreased from 1.0% to -2.6%

GDP (YoY) decreased from -1.3% to -4.5%

M3 Cash Provide (Sep) decreased from 0.7% to -0.8%

Japan:

Building Orders (YoY) (Sep) elevated from 17.9% to 36.6%

Family Confidence (Oct) decreased from 30.8 to 29.9

Housing Begins (YoY) (Sep) decreased from 4.6% to 1.0%

India:

Federal Fiscal Deficit (Sep) elevated from 5,416.01B to six,198.49B

Infrastructure Output (YoY) (Sep) elevated from 3.3% to 7.9%

EUROPE/EMEA:

The Russian rouble pared early losses to achieve floor on Monday within the first session since Moscow mentioned it could droop its position within the landmark Black Sea grain deal over the weekend. World meals costs climbed on Monday after Russia mentioned it was suspending participation within the U.N.-brokered grain accord for an “indefinite time period” after what it mentioned was a serious Ukrainian drone assault on its Black Sea fleet in Crimea. The July grain hall deal, which helped to unlock Ukrainian exports from its southern Black Sea ports, was probably the most important diplomatic breakthrough to date within the eight-month-old battle in Ukraine. Kyiv and the West criticized Russia’s determination to ditch the settlement and analysts warned that this might trigger one other spike in world meals costs.

The key Europe inventory markets had a blended day:

• CAC 40 decreased 6.28 factors or -0.10% to six,266.77
• FTSE 100 elevated 46.86 factors or 0.66% to 7,094.53
• DAX 30 elevated 10.41 factors or 0.08% to 13,253.74

The key Europe foreign money markets had a blended day right this moment:

• EURUSD decreased 0.00859 or -0.86% to 0.98793
• GBPUSD decreased 0.01464 or -1.26% to 1.14669
• USDCHF elevated 0.00551 or 0.55% to 1.00161

Some financial information from Europe right this moment:

Swiss:

Retail Gross sales (YoY) (Sep) elevated from 2.1% to three.2%

Germany:

German Retail Gross sales (MoM) (Sep) elevated from -1.4% to 0.9%

Euro Zone:

CPI (YoY) (Oct) elevated from 9.9% to 10.7%

CPI (MoM) elevated from 1.2% to 1.5%

Core CPI (YoY) elevated from 4.8% to five.0%

GDP (YoY) decreased from 4.3% to 2.1%

GDP (QoQ) decreased from 0.8% to 0.2%

US/AMERICAS:

Homebuilders within the US should not optimistic about subsequent yr after. Housing begins fell 19% YoY in September, with permits falling an 17%. Homebuilders skilled two very profitable years of earnings after home costs soared 40% or extra. Rising charges {couples} with inflation is curbing demand. One of many largest homebuilders in America, Pulegroup, reported a 15% cancelation price in Q2, adopted by 24% in Q3.

US Market Closings:

• Dow declined 128.85 factors or -0.39% to 32,732.95
• S&P 500 declined 29.08 factors or -0.75% to three,807.3
• Nasdaq declined 114.31 factors or -1.03% to 10,792.67
• Russell 2000 declined -0.06 of some extent or 0% to 1,846.86

Canada Market Closings:

• TSX Composite declined 45.05 factors or -0.23% to 19,426.14
• TSX 60 declined 2.82 factors or -0.24% to 1,177.01

Brazil Market Closing:

• Bovespa superior 1,498.03 factors or 1.31% to 116,037.08

ENERGY:

The oil markets had a blended day right this moment:

• Crude Oil decreased 1.903 USD/BBL or -2.17% to 85.997
• Brent decreased 3.651 USD/BBL or -3.81% to 92.119
• Pure fuel elevated 0.6194 USD/MMBtu or 10.90% to six.3034
• Gasoline decreased 0.1030 USD/GAL or -3.54% to 2.8036
• Heating oil decreased 0.1693 USD/GAL or -3.72% to 4.3805

The above information was collected round 16:27 EST on Monday                

• High commodity gainers: Pure Fuel (10.90%), Wheat (6.39%), Espresso (4.65%) and Oat (5.40%)
• High commodity losers: Coal (-7.38%), Brent (-3.81%), Zinc (-5.07%) and Heating Oil (-3.72%)

The above information was collected round 16:34 EST on Monday

BONDS:

Japan 0.240%(-0.5bp), US 2’s 4.49% (+0.071%), US 10’s 4.0582% (+4.82bps); US 30’s 4.17% (+0.040%), Bunds 2.148% (+6.2bp), France 2.686% (+8bp), Italy 4.306% (+14.5bp), Turkey 10.99% (-26p), Greece 4.59% (+15.5bp), Portugal 3.165% (+8.6bp); Spain 3.255% (+10.4bp) and UK Gilts 3.528% (+3.2bp).