We are going to take a brief recess from Market Speak to give attention to this yr’s annual World Financial Convention.

The convention will happen in Orlando, FL, however digital tickets are nonetheless out there. Click on right here to be taught extra.

ASIA:

China’s official manufacturing Buying Managers’ Index for October got here in at 49.2 over the weekend, beneath the 50 stage separating enlargement from contraction. Chinese language tech shares in Hong Kong plunged after the nation’s market regulators on Friday launched an inventory of proposed tasks for the nation’s web platforms spanning areas akin to governance and knowledge safety.

Shares in Asia-Pacific have been combined on Monday as buyers reacted to financial knowledge that confirmed a combined image of Chinese language manufacturing exercise in October. Japanese shares led good points regionally because the Nikkei 225 jumped 2.61% to shut at 29,647.08, with shares of Quick Retailing hovering 4.22%. The Topix index climbed 2.18% on the day to 2,044.72. These good points got here after the nation’s ruling Liberal Democratic Occasion held on to its single-party majority in a Sunday parliamentary election.

 

The main Asian inventory markets had a combined day in the present day:

  • NIKKEI 225 elevated 754.39 or 2.61% to 29,647.08
  • Shanghai decreased 2.86 or -0.08% to three,544.48
  • Grasp Seng decreased 222.92 factors or -0.88% to 25,154.32
  • ASX 200 elevated 47.10 factors or 0.64 to 7,370.80
  • Kospi elevated 8.26 factors or 0.28% to 2,978.94
  • SENSEX elevated 831.53 factors or 1.40% to 60,138.46
  • Nifty50 elevated 258.00 factors or 1.46% to 17,929.65

The main Asian foreign money markets had a combined day in the present day:

  • AUDUSD elevated 0.00058 or 0.08% to 0.75258
  • NZDUSD elevated 0.00225 or 0.31% to 0.71885
  • USDJPY elevated 0.11 or 0.09% to 114.10
  • USDCNY decreased 0.01052 or -0.16% to six.39516

Treasured Metals:

  • Gold elevated 11.71 USD/t oz. or 0.66% to 1,794.52
  • Silver elevated 0.17 USD/t. ozor 0.71% to 24.020

Some financial information from final night time:

China:

Caixin Manufacturing PMI (Oct) elevated from 50.Zero to 50.6

Japan:

Manufacturing PMI (Oct) elevated from 51.5 to 53.2

South Korea:

Exports (YoY) (Oct) elevated from 16.7% to 24.0%

Imports (YoY) (Oct) elevated from 31.0% to 37.8%

Commerce Stability (Oct) decreased from 4.21B to 1.69B

Nikkei Manufacturing PMI (Oct) decreased from 52.Four to 50.2

Australia:

AIG Manufacturing Index (Oct) decreased from 51.2 to 50.4

Manufacturing PMI elevated from 56.Eight to 58.2

MI Inflation Gauge (MoM) decreased from 0.3% to 0.2%

ANZ Job Commercials (MoM) elevated from -2.8% to six.2%

Dwelling Loans (MoM) elevated from -6.6% to -2.7%

Indonesia:

Nikkei Manufacturing PMI (Oct) elevated from 52.2 to 57.2

 

Some financial information from in the present day:

India:

Nikkei Markit Manufacturing PMI (Oct) elevated from 53.7 to 55.9

Hong Kong:

GDP (YoY) (Q3) decreased from 7.6% to five.4%

GDP (QoQ) (Q3) elevated from -0.9% to 0.1%

Indonesia:

Core Inflation (YoY) (Oct) elevated from 1.30% to 1.33%

Inflation (YoY) (Oct) elevated from 1.60% to 1.66%

Inflation (MoM) (Oct) elevated from -0.04% to 0.12%

Australia:

Commodity Costs (YoY) elevated from 36.8% to 40.7%

EUROPE/EMEA:

Nearly twice as many citizens now consider Brexit is having a damaging impact on the UK financial system, based on the Opinium survey for the Observer carried out throughout the price range week. The survey comes after Richard Hughes, the chairman of the Workplace for Price range Accountability, stated his group calculated that the damaging influence on GDP attributable to the UK’s exit from the EU was anticipated to be twice as nice as that ensuing from the pandemic. The Opinium survey discovered that 44% of individuals suppose Brexit is having a dangerous influence on the UK financial system, in contrast with 25% who suppose it’s having a optimistic Whereas chancellor Rishi Sunak’s approval ranking rose barely after his price range speech on Wednesday, by which he elevated authorities spending to its highest sustained stage for the reason that 1970s whereas warning that inflation would rise to 4% subsequent yr, the truth that folks look like linking Brexit with financial issues together with rising costs will likely be a fear to No 10 and No 11 Downing Road.

The main Europe inventory markets had a inexperienced day:

  • CAC 40 elevated 62.95 factors or 0.92% to six,893.29
  • FTSE 100 elevated 51.05 factors or 0.71% to 7,288.62
  • DAX 30 elevated 117.52 factors or 0.75% to 15,806.29

The main Europe foreign money markets had a combined day in the present day:

  • EURUSD elevated 0.00321 or 0.28% to 1.15936
  • GBPUSD decreased 0.0031 or -0.23% to 1.36615
  • USDCHF decreased 0.00484 or -0.53% to 0.91035

Some financial information from Europe in the present day:

Norway:

Manufacturing PMI (Oct) decreased from 59.Zero to 58.5

Swiss:

procure.ch PMI (Oct) decreased from 68.1 to 65.4

Germany:

German Retail Gross sales (MoM) (Sep) decreased from 1.2% to -2.5%

German Retail Gross sales (YoY) (Sep) decreased from 0.9% to -0.9%

UK:

Manufacturing PMI (Oct) elevated from 57.1 to 57.8

US/AMERICAS:

Treasury Secretary Janet Yellen continued to induce lawmakers to lift or eradicate the debt ceiling earlier than the December Three deadline. “I strongly consider that it’s bipartisan accountability to do that,” Yellen said this Monday. Congress authorized a short lived enhance of $480 billion in October, however the GOP has reiterated its stance to not increase the debt ceiling amid Biden’s ongoing spending plans. The present debt ceiling is over $28.Four trillion and rising. Yellen continues to reiterate her stance that defaulting on the nation’s debt can be the worst potential end result, eliminating the US’ credibility and having “catastrophic” penalties. “It’s my view — it’s not the White Home view; it’s not the president’s view; they haven’t weighed in on this — however I personally really feel we should always not have a debt ceiling,” Yellen instructed reporters.

The Biden Administration will reveal vaccine mandate plans within the coming days. In the meantime, Amazon, the second-largest employer within the US, is not going to require absolutely vaccinated staff to put on masks at work. The corporate has not mandated vaccines however has provided incentives akin to sweepstakes to entice staff to get the vaccine. This comes amid a mass employee scarcity and employers fearing that the mandate will create an exodus from the workforce proper earlier than the busiest shopping for season.

US Market Closings:

  • Dow superior 94.28 factors or 0.26% to 35,913.84
  • S&P 500 superior 8.29 factors or 0.18% to 4,613.67
  • Nasdaq superior 97.53 ponts or 0.63% to 15,595.92
  • Russell 2000 superior 60.93 factors or 2.65% to 2,358.12

 

Canada Market Closings:

  • TSX Composite superior 209.94 factors or 1% to 21,247.01
  • TSX 60 superior 12.68 factors or 1% to 1,277.87

 

Brazil Market Closing:

  • Bovespa superior 2,050.15 factors or 1.98% to 105,550.86

 

ENERGY:

 

The oil markets had a combined day in the present day:

 

  • Crude Oil elevated 0.37 USD/BBL or 0.44% to 83.9400
  • Brent elevated 0.83 USD/BBL or 0.99% to 84.5500
  • Pure gasoline decreased 0.254 USD/MMBtu or -4.68% to five.1720
  • Gasoline elevated 0.0263 USD/GAL or 1.11% to 2.3960
  • Heating oil decreased 0.0041 USD/GAL or -0.17% to 2.4746

 

The above knowledge was collected round 13:42 EST on Monday

 

  • High commodity gainers: Canola (2.72%) and Platinum (4.38%), Cotton (4.35%) and Oat (3.63%)
  • High commodity losers: Coal (-32.87%), Rubber (-2.28%), Pure Gasoline (-4.68%), and Lumber (-2.30%)

 

The above knowledge was collected round 13:45 EST on Monday

 

BONDS:

 

Japan 0.100%(+0.6bp), US 2’s 0.5149% (+0.01%), US 10’s 1.5768%(+1.59bps); US 30’s 1.9686%(

+0.03%), Bunds -0.109% (-0.4bp), France 0.2640% (-0.7bp), Italy 1.219% (+8.93bp), Turkey 18.99% (-9bp), Greece 1.334% (-0.4bp), Portugal 0.57% (+4.9bp); Spain 0.637% (+2.4bp) and UK Gilts 1.043% (+0.8bp).

The submit Market Speak – November 1, 2021 first appeared on Armstrong Economics.

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