Market Talk – August 31, 2023

ASIA:

The foremost Asian inventory markets had a blended day right now:

• NIKKEI 225 elevated 285.88 factors or 0.88% to 32,619.34
• Shanghai decreased 17.26 factors or -0.55% to three,119.88
• Dangle Seng decreased 100.80 factors or -0.55% to 18,382.06
• ASX 200 elevated 7.60 factors or 0.10% to 7,305.30
• Kospi decreased 4.95 factors or -0.19% to 2,556.27
• SENSEX decreased 255.84 factors or -0.39% to 64,831.41
• Nifty50 decreased 93.65 factors or -0.48% to 19,253.80

The foremost Asian foreign money markets had a unfavourable day right now:

• AUDUSD decreased 0.00063 or -0.10% to 0.64697
• NZDUSD decreased 0.00054 or -0.09% to 0.59496
• USDJPY decreased 0.765 or -0.52% to 145.475
• USDCNY decreased 0.01852 or -0.25% to 7.28081

Valuable Metals:

• Gold decreased 0.14 USD/t oz. or -0.01% to 1,942.10
• Silver decreased 0.192 USD/t. ozor -0.78% to 24.458

Some financial information from final night time:

China:

Chinese language Composite PMI (Aug) elevated from 51.1 to 51.3

Manufacturing PMI (Aug) elevated from 49.3 to 49.7

Non-Manufacturing PMI (Aug) decreased from 51.5 to 51.0

Japan:

Industrial Manufacturing (MoM) (Jul) decreased from 2.4% to -2.0%

Australia：

Non-public New Capital Expenditure (QoQ) (Q2) decreased from 3.7% to 2.8%

Some financial information from right now:

India:

GDP Quarterly (YoY) (Q1) elevated from 6.1% to 7.8%

EUROPE/EMEA:

The foremost Europe inventory markets had a blended day right now:

• CAC 40 decreased 47.70 factors or -0.65% to 7,316.70
• FTSE 100 decreased 34.54 factors or -0.46% to 7,439.13
• DAX 30 elevated 55.15 factors or 0.35% to fifteen,947.08

The foremost Europe foreign money markets had a blended day right now:

• EURUSD decreased 0.00848 or -0.78% to 1.08392
• GBPUSD decreased 0.00601 or -0.47% to 1.26579
• USDCHF elevated 0.00496 or 0.56% to 0.88286

Some financial information from Europe right now:

Germany:

German Retail Gross sales (MoM) (Jul) stay the identical at -0.8%

German Unemployment Change (Aug) elevated from 1K to 18K

German Unemployment Fee (Aug) elevated from 5.6% to five.7%

France:

French Shopper Spending (MoM) (Jul) decreased from 0.9% to 0.3%

French CPI (MoM) (Aug) elevated from 0.1% to 1.0%

French GDP (YoY) stay the identical at 0.9%

French GDP (QoQ) (Q2) elevated from 0.1% to 0.5%

French HICP (MoM)  elevated from 0.0% to 1.1%

Euro Zone:

Core CPI (YoY) decreased from 5.5% to five.3%

CPI (YoY) (Aug) stay the identical at 5.3%

CPI (MoM) elevated from -0.1% to 0.6%

Unemployment Fee (Jul) stay the identical at 6.4%

US/AMERICAS:

The Federal Reserve’s most popular inflation gauge, the Private Consumption Expenditures (PCE) index, accelerated to three.3% in July, indicating that inflationary pressures are nonetheless current within the US financial system. The core costs, which exclude the extra unstable measurements of meals and vitality, rose 0.2% from the earlier month and 4.2% from the earlier yr. The Fed is concentrating on the PCE headline determine because it tries to carry client costs again to 2%, however Chair Jerome Powell beforehand advised reporters that core information is a greater indicator of inflation. The Fed has raised rates of interest a number of occasions this yr to fight inflation, however the torrid tempo of inflation has endured, creating monetary strain on thousands and thousands of US households. The Fed is contemplating extra rate of interest hikes to sluggish spending and funky off the job market. Nonetheless, Fed efforts to chill client demand are already beginning to sluggish the financial system.

US Market Closings:

• Dow declined 168.33 factors or -0.48% to 34,721.91
• S&P 500 declined 7.22 factors or -0.16% to 4,507.65
• Nasdaq superior 15.66 factors or 0.11% to 14,034.97
• Russell 2000 declined 3.54 factors or -0.19% to 1,899.68

Canada Market Closings:

• TSX Composite declined 37.7 factors or -0.19% to twenty,292.62
• TSX 60 declined 1.94 factors or -0.16% to 1,216.07

Brazil Market Closing:

• Bovespa declined 1,793.29 factors or -1.53% to 115,741.81

ENERGY:

The oil markets had a blended day right now:

• Crude Oil elevated 1.102 USD/BBL or 1.35% to 82.732
• Brent elevated 0.446 USD/BBL or 0.52% to 85.686
• Pure fuel decreased 0.0079 USD/MMBtu or -0.28% to 2.7881
• Gasoline decreased 0.0236 USD/GAL or -0.92% to 2.5435
• Heating oil elevated 0.0014 USD/GAL or 0.05% to three.0672

The above information was collected round 12:53 EST on Thursday

• High commodity gainers: Crude Oil (1.35%), Methanol (1.07%), Metal (1.00%) and Cocoa (1.59%)
• High commodity losers: Sugar (-1.18%), Rubber (-1.24%), Lean Hogs (-1.46%) and Gasoline (-0.92%)

The above information was collected round 12:59 EST Thursday.

BONDS:

Japan 0.640% (-1.6bp), US 2’s 4.87% (-0.015%), US 10’s 4.0828% (-3.52bps); US 30’s 4.19% (-0.040%), Bunds 2.461% (-7.5bp), France 2.981% (-7.9bp), Italy 4.131% (-6.3bp), Turkey 18.45% (+0bp), Greece 3.784% (-7.7bp), Portugal 3.209% (-3.7bp); Spain 3.476% (-8bp) and UK Gilts 4.362% (-6.3bp)