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Closing Report 11.08.2021

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Closing Report 11.08.2021

US Inflation hits 5.4% YoY

 

AMERICAN MARKETS MID DAY

Inflation is the data that investors were waiting for. The Bureau of Labor Statistics announced a 5.4% increase in the US CPI (YoY) for July. CPI increase remains unchanged compared to previous month. The figure matches analysts’ forecast (5.3% YoY). Energy remains the main element that raise prices. The category surges by 23.8% over the year. Meanwhile, food prices increased by 3.4% over the last 12 months while the “all items less food and energy” category increased by 4.3%. US 10Y yield remains unchanged at Mid-Day. The yield stands at 1.35%, after reaching 1.17% on August 3rd. Dow Jones climbs by 0.55% while S&P 500 ticks 0.14% higher. NASDAQ 100 is down by 0.28%. The Senates passed $3.5T budged proposed by Democrats. The Senate also passed the $1T bipartisan infrastructure bill, which now goes to the House of Representatives.

AMERICAN MARKETS
NASDAQ 10014 311.832.19%
DOW JONES34 393.180.68%
S&P 5004 384.981.35%
RUSSELL 20001 929.32-0.10%
S&P/TSX20 608.170.31%
S&P MERVAL87 713.692.03%
IBRX BRAZIL47 798.87-0.65%
IPC MEXICO50 495.680.06%

 

EUROPEAN MARKETS CLOSING

Europe finishes higher after US inflation data. All major indexes close in the green today. In Europe, Italian and German CPI respectively increase by 0.5% and 0.9% in July (MoM). FTSE MIB gains 0.98% and beats fellow indexes, lifted by Banco Bpm. Bank stocks push the index higher. Thyssenkrupp lies at the bottom of MDAX, after lower cash flow forecast. The share plunges by 5.43%. E.ON sales surged by 8% in H1, to €33 billion. CAC 40 advances with a 0.55% growth, topped by Carrefour (+2.48%). Schneider and Vivendi follow. Euro Stoxx 50 and Stoxx Europe 600 gain 0.44% and 0.42%. EUR strengthens against USD in late afternoon.

EUROPEAN MARKETS
CAC 406 965.88-0.82%
FTSE 1007 466.07-1.17%
DAX15 318.95-1.32%
SMI12 104.44-0.60%
AEX744.26-1.26%
IBEX 358 609.80-1.10%
FTSE MIB26 565.41-1.18%
EURO STOXX 504 136.91-1.15%
OMX NORDIC 402 179.29-1.14%

 

ASIAN PACIFIC MARKETS CLOSING

Asian markets mostly closed mixed today and especially in China. On one hand, SSE Composite ticked 0.08% higher. On the other hand, blue-chip CSI 300 dropped by 0.55% on Wednesday. Real estate and bank stock soared but consumer staples and healthcare shares retreated. Some markets participants expect the Ministry of National Resources to cap land price premium at 15%. In Hong Kong, Hang Seng climbed by 0.20%. The pandemic lifts Q1 revenue of Lenovo (+7.51%) by 27%, to $16.9 billion. KOSPI slid by 0.70% as South Korea sees strong increase in covid-19 cases. Nifty 50 closed flat, helped by metal stocks. Nikkei 225 gains for the 4th time in a row.

ASIAN PACIFIC MARKETS
NIKKEI 22526 717.342.09%
KOSPI2 663.341.87%
HANG SENG23 550.08-1.08%
CSI 3004 563.77-1.21%
SSE COMPOSITE INDEX3 361.44-0.97%
NIFTY 5017 101.95-0.05%
S&P/ASX 2006 988.102.19%
FTSE STRAITS TIMES INDEX3 246.33-0.42%
VN INDEX2 682.810.65%

 

COMMODITIES & FOREX MARKETS

  • EIA says crude oil inventories in the US are down by 0.4 million barrels
  • According to CNBC, the US urged OPEC+ to increase oil production. This move could lower crude oil prices and decrease inflation. The US later released an official statement regarding this topic
  • Gold futures surge after inflation data in the US
  • Cryptocurrencies rally. BTC climbs back to $46K

 

COMMODITIES
OIL BRENT90.851.69%
OIL WTI87.801.37%
NATURAL GAS4.764011.23%
GOLD1 785.20-0.55%
PALLADIUM2 368.000.06%
SILVER22.245-1.90%
WHEAT789.001.54%
COTTON236.051.72%
CORN631.501.00%

 

CHANGES & CRYPTOS
EUR/CAD1.42320.21%
EUR/USD1.11620.17%
EUR/GBP0.8318-0.11%
EUR/RUB86.6809-0.52%
EUR/CHF1.03770.00%
BTC/USD37 155.564.34%
ETH/USD2 473.44-0.26%

 

Housing prices see a sharp increase

Housing price is also seeing an increase. In the OECD, the pandemic doesn’t prevent housing prices from experiencing sharp increases in OECD.

Line chart of Average annual % change (nominal prices) showing House prices are rising sharply across the OECD

 

 

CAC 40PERFORMANCES
WORST PERFORMANCESTOP PERFORMANCES
ALTSOM-8.20%LVMH3.23%
ARCELOR MITTAL-5.40%ORANGE1.41%
SAFRAN-3.78%PUBLICIS GROUPE1.01%
DANONE-2.80%TELEPERFORMANCE0.92%
STELLANTIS-2.72%EUROFINS SCIENT.0.85%

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