Market Talk – December 21, 2022

ASIA:

The most important Asian inventory markets had a combined day right this moment:

• NIKKEI 225 decreased 180.31 factors or -0.68% to 26,387.72
• Shanghai decreased 5.36 factors or -0.17% to three,068.41
• Hold Seng elevated 65.69 factors or 0.34% to 19,160.49
• ASX 200 elevated 90.80 factors or 1.29% to 7,115.10
• Kospi decreased 4.34 factors or -0.19% to 2,328.95
• SENSEX decreased 635.05 factors or -1.03% to 61,067.24
• Nifty50 decreased 186.20 factors or -1.01% to 18,199.10

The most important Asian foreign money markets had a combined day right this moment:

• AUDUSD elevated 0.00157 or 0.24% to 0.66927
• NZDUSD decreased 0.00635 or -1.00% to 0.62835
• USDJPY elevated 0.691 or 0.52% to 132.391
• USDCNY elevated 0.03388 or 0.49% to six.99318

Treasured Metals:

• Gold elevated 0.47 USD/t oz. or 0.03% to 1,817.88
• Silver decreased 0.105 USD/t. ozor -0.43% to 24.060

Some financial information from final night time:

New Zealand:

Commerce Steadiness (MoM) (Nov) elevated from -2,298M to -1,863M

Commerce Steadiness (YoY) (Nov) decreased from -13,860M to -14,630M

EUROPE/EMEA:

The most important Europe inventory markets had a inexperienced day:

• CAC 40 elevated 129.81 factors or 2.01% to six,580.24
• FTSE 100 elevated 126.70 factors or 1.72% to 7,497.32
• DAX 30 elevated 213.16 factors or 1.54% to 14,097.82

The most important Europe foreign money markets had a combined day right this moment:

• EURUSD decreased 0.00232 or -0.22% to 1.05978
• GBPUSD decreased 0.01223 or -1.00% to 1.20587
• USDCHF elevated 0.0013 or 0.14% to 0.92730

Some financial information from Europe right this moment:

Germany:

GfK German Client Local weather (Jan) elevated from -40.1 to -37.8

US/AMERICAS:

TD Financial institution famous that British Columbia will proceed to outperform different provinces for this fiscal yr. The B.C. economic system is poised to publish a development of three.1% in 2022, however analysts imagine development will start to wane. Predictions of 2023 present a development of solely 0.5%, whereas 2024 is poised to signify solely a 0.3% rise. The most important contributing issue to slowing development is the declining actual property sector, which is meant to fall by 22.8% in 2023.

Financial institution of Canada governor Tiff Macklem famous that it has been an “intense yr” for the world economic system, and sympathized with Canadians struggling because of excessive inflation. The central financial institution just lately got here underneath fireplace when it was revealed that they have been paying C$45 million bonuses to workers amid the pandemic. Macklem maintains that this transfer was not inflationary. Macklem predicts the Canadian economic system will fall right into a recession subsequent yr, and is warning these, particularly with variable mortgages, to proceed with warning.

US Market Closings:

• Dow superior 526.74 factors or 1.6% to 33,376.48
• S&P 500 superior 56.82 factors or 1.49% to three,878.44
• Nasdaq superior 162.26 factors or 1.54% to 10,709.37
• Russell 2000 superior 28.92 factors or 1.65% to 1,776.94

Canada Market Closings:

• TSX Composite superior 264.21 factors or 1.37% to 19,571.1
• TSX 60 superior 14.39 factors or 1.23% to 1,181.47

Brazil Market Closing:

• Bovespa superior 569.03 factors or 0.53% to 107,433.14

ENERGY:

The oil markets had a inexperienced day right this moment:

• Crude Oil elevated 1.689 USD/BBL or 2.22% to 77.919
• Brent elevated 2.093 USD/BBL or 2.62% to 82.083
• Pure fuel elevated 0.1424 USD/MMBtu or 2.67% to five.4684
• Gasoline elevated 0.0217 USD/GAL or 0.98% to 2.2445
• Heating oil elevated 0.0424 USD/GAL or 1.39% to three.1013

The above knowledge was collected round 12:35 EST on Wednesday

• High commodity gainers: Brent (2.62%), Pure Fuel (2.67%), Wheat (2.80%) and Oat (2.87%)
• High commodity losers: HRC Metal (-1.79%), Zinc (-2.17%), Palladium (-3.49%) and Platinum (-1.00%)

The above knowledge was collected round 12:41 EST Wednesday.

BONDS:

Japan 0.500% (+7.9bp), US 2’s 4.23% (-0.032%), US 10’s 3.6917% (+0.77bps); US 30’s 3.76% (+0.023%), Bunds 2.311% (+1.2bp), France 2.841% (-0.1bp), Italy 4.42% (-5.7bp), Turkey 9.68% (-49bp), Greece 4.466% (+1.7bp), Portugal 3.334% (-2.7bp); Spain 3.394% (-1.4bp) and UK Gilts 3.568% (-2.8bp).