Noticias de dinero

Market Talk – March 31, 2023

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ASIA:

India’s unemployment rate rose to a 16-month high in December as job creation amid a slowing economy has not kept pace with labor force growth. The overall unemployment rate rose to 8.3 percent from 8 percent in November, according to Pvt. LLC This is the highest rate since August 2021. The rise in unemployment comes amid a slowdown in demand after a strong holiday season. Borrowing costs rose 225 basis points last year as inflation remained above the central bank’s target for much of 2022. The urban unemployment rate jumped last month to 10.09 percent from 8.96 percent in November, while rural unemployment fell to 7.44 percent from 7.55 percent. specified date.

Major Asian stock markets had a green day today:

  • The NIKKEI 225 rose 258.55 points, or 0.93%, to trade at 28,041.48.
  • Shanghai added 11.61 points, or 0.36%, to 3272.86.
  • Hang Seng rose 90.98 points or 0.45% to 20,400.11.
  • The ASX 200 rose 55.50 points, or 0.78%, to 7,177.80.
  • Kospi rose 23.70 points or 0.97% to 2476.86.
  • SENSEX increased by 1,031.43 points or 1.78% to 58,991.52 points.
  • Nifty50 increased by 279.05 points or 1.63% to 17,359.75.

Today was a mixed day for the major Asian currency markets:

  • AUDUSD fell 0.00109 or -0.16% to hit 0.66961.
  • NZDUSD rose 0.00014 or 0.02% to hit 0.62624.
  • USDJPY rose 0.172 or 0.13% to hit 132.822.
  • USDCNY fell 0.00613 or -0.09% to hit 6.86777.

Precious metals:

  • Gold fell by $2.68/t. or -0.14% to 1,977.57
  • Silver has risen in price by $0.231/t. oz or 0.97% to 24.106

Some economic news from last night:

China:

Composite PMI of China (March) rose from 56.4 to 57.0.

Manufacturing PMI (March) fell from 52.6 to 51.9.

The index of business activity in the non-manufacturing sector (March) rose from 56.3 to 58.2.

Japan:

The ratio of vacancies/applications (February) decreased from 1.35 to 1.34.

Core Tokyo CPI (YoY) (March) fell from 3.3% to 3.2%.

CPI Tokyo Ex Food and Energy (MoM) (March) increased from 0.2% to 0.4%.

Industrial production (MoM) (February) increased from -5.3% to 4.5%

Retail Sales YoY (February) increased from 5.0% to 6.6%.

Australia:

Credit to the private sector (MoM) (February) decreased from 0.4% to 0.3%.

Some economic news for today:

Japan:

Construction orders (YoY) (February) increased from -14.0% to 22.3%

The number of new buildings (y/y) (February) decreased from 6.6% to -0.3%.

Hong Kong:

Retail sales (YoY) (February) increased from 7.0% to 31.3%

M3 money supply (February) decreased from 1.6% to 0.1%

India:

External debt (USD) (Q4) increased from 610.5 billion to 613.1 billion.

Infrastructure output (YoY) (February) decreased from 8.9% to 6.0%

The federal budget deficit (February) increased from 11,908.05 billion to 14,538.62 billion.

Balance of payments (USD) (Q4) increased from -30.400 billion to 11.100 billion.

Current account % of GDP (QoQ) (Q4) increased from -4.40% to -2.20%

Current account (USD) (Q4) increased from -30.90 billion to -18.20 billion.

Foreign exchange reserves in US dollars increased from $572.80 billion to $578.78 billion.

Trade balance (USD) (Q4) increased from -78.300 billion to -72.700 billion.

EUROPE/EMEA:

The UK has reached a historic trade deal with the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) after two years of negotiations. The agreement makes the UK the first European country to join the CPTPP, which covers Canada, Mexico, Japan, Australia, Vietnam, Singapore and Malaysia, among others. The UK said it was its biggest trade deal since Brexit and would open up a region with a total GDP of £11 trillion ($13.6 trillion). The agreement is expected to be formally signed by the end of the year, subject to final approval by Parliament and 11 Member States.

Major European stock markets had a green day:

  • CAC 40 increased by 59.02 points or 0.81% to 7,322.39.
  • The FTSE 100 rose 11.31 points, or 0.15%, to 7,631.74.
  • The DAX 30 rose 106.44 points or 0.69% to hit 15,628.84.

Today was a mixed day in the major European currency markets:

  • EURUSD fell 0.00367 or -0.34% to hit 1.08643.
  • GBPUSD fell 0.00311 or -0.25% to hit 1.23519.
  • USDCHF rose 0.00123 or 0.13% to hit 0.91433.

Some economic news from Europe today:

Switzerland:

Retail sales (YoY) (February) increased from -1.7% to 0.3%.

GREAT BRITAIN:

Investment in business (QoQ) (Q4) decreased from 0.1% to -0.2%

The current account (Q4) increased from -12.7 billion to -2.5 billion.

GDP (YoY) (Q4) increased from 0.2% to 0.6%

GDP (QoQ) (Q4) increased from -0.3% to 0.1%

Nationwide HPI (MoM) (March) down from -0.5% to -0.8%

Nationwide HPI YoY (March) down from -1.1% to -3.1%

Germany:

Retail sales in Germany (MoM) (February) decreased from 0.1% to -1.3%.

Change in unemployment in Germany (March) increased from 2 thousand to 16 thousand

The unemployment rate in Germany (March) increased from 5.5% to 5.6%.

France:

French consumer spending (MoM) (February) fell from 1.7% to -0.8%.

French CPI (MoM) (March) fell from 1.0% to 0.8%.

HICP in France (MoM) decreased from 1.1% to 0.9%.

Italy:

Italian CPI (MoM) (March) fell from 0.2% to -0.3%.

euro area:

Core consumer price index (YoY) increased from 5.6% to 5.7%

CPI (MoM) increased from 0.8% to 0.9%

CPI (YoY) (March) down from 8.5% to 6.9%

Unemployment rate (February) remains the same at 6.6%

USA/AMERICA:

Inflation in the US continues to rise, despite the efforts of the Fed. The cost of personal consumption expenditure (PCE) rose 0.3% in February, according to the Commerce Department. Underlying PCE has increased by 4.6% over the past 12 months, marking only a slight slowdown compared to January. Basic labor costs, including food and energy, rose 0.3% m/m and 5% y/y. Food prices continue to rise after rising 0.2%, while gas prices declined slightly by 0.4%. Personal income rose by 0.3%, while consumer spending increased by 0.2%.

US Market Closing:

  • The Dow rose 415.12 points, or 1.26%, to 33,274.15 points.
  • The S&P 500 rose 58.48 points, or 1.44%, to 4109.31.
  • The Nasdaq rose 208.44 points, or 1.74%, to 12,221.91.
  • Russell 2000 advanced 34.1 points or 1.93% to 1802.48.

Closing the Canadian market:

  • The TSX Composite advanced 158.9 points or 0.8% to hit 20,099.89.
  • The TSX 60 edged up 8.97 points or 0.75% to hit 1206.31.

Brazil Market Closing:

  • Bovespa fell 1,831.25 points or -1.77% to 101,882.2.

ENERGY:

It was a green day in the oil markets today:

  • Crude oil rose $1.235/bbl, or 1.66%, to $75.605.
  • Brent rose $1.144/bbl, or 1.46%, to $79.744.
  • The price of natural gas rose by $0.0998/MMBtu, or 4.74%, to $2.2038.
  • Gasoline rose $0.0521/gallon, or 1.98%, to $2.6899.
  • Heating oil rose $0.0483/gallon, or 1.88%, to $2.6121.

The above data was collected around 12:38 pm EST on Friday.

  • Commodity growth leaders: natural gas (4.74%), gasoline (1.98%), soybeans (2.27%) and rapeseed (2.57%).
  • The main losers were oats (-1.49%), rhodium (-4.19%), cotton (-1.04%) and cheese (-2.16%).

The above data was collected around 12:45 pm EST on Friday.

BONDS:

Japan 0.324% (+0.3 bp), USA 2 4.09% (-0.006%), USA 10 3.511% (-4 bp); USA 30 3.70% (-0.051%), bonds 2.286% (-8 bps), France 2.789% (-10.1 bps), Italy 4.081% (-15.4 bps) ), Turkey 10.31% (+0 bp), Greece 4.229% (-8.8 bp). bp), Portugal 3.144% (-9.6 bp); Spain 3.305% (-10.4 bp) and UK gilts 3.472% (-4.3 bp).