October in Figures
November 1, 2017
Whereas September had experienced upward pressure on long-term interest rates, October had a slight downward bias. The rhetoric after central bank meetings in Japan and Euroland was a bit more dovish than expected, leaving an impression there will not be an initial interest rate hike in 2018 by either. Stock markets performed will during October, and the dollar advanced against many other currencies. Gold slipped 1.1%, while oil and many industrial metal prices recorded solid advances. Many challenging geopolitical and domestic political situations persisted, but currency trading seemed more disconnected from such than in earlier months.
| 10-Yr Yield | 09/29/17 | 10/31/17 | Chg vs -End-3Q |
| U.S. | 2.34% | 2.37% | +3 Basis Points |
| Germany | 0.46% | 0.36% | -10 |
| Japan | 0.05% | 0.06% | +1 |
| U.K. | 1.36% | 1.33% | -3 |
| Canada | 2.10% | 1.95% | -15 |
| Switzerland | -0.08% | -0.12% | -4 |
| 3-month rates | 09/29/17 | 10/31/17 | Chg vs End-3Q |
| U.S. | 1.34% | 1.38% | +4 Basis Points |
| Euroland | -0.38% | -0.38% | 0 |
| Japan | -0.05% | -0.04% | +1 |
| U.K. | 0.33% | 0.43% | +10 |
| Swiss | -0.73% | -0.73% | 0 |
| FX | 09/29/17 | 10/31/17 | Pct Chg in $ |
| EUR/USD | 1.1814 | 1.1650 | +1.4% |
| USD/JPY | 112.46 | 113.70 | +1.1% |
| USD/CHF | 0.9681 | 0.9976 | +3.0% |
| GBP/USD | 1.3399 | 1.3285 | +0.9% |
| AUD/USD | 0.7837 | 0.7656 | +2.4% |
| NZD/USD | 0.7206 | 0.6844 | +5.3% |
| USD/CAD | 1.2475 | 1.2898 | +3.4% |
| USD/CNY | 6.6526 | 6.6350 | -0.3% |
| Equities | 09/29/17 | 10/31/17 | Chg vs End-3Q |
| S&P 500 | 2519 | 2575 | +2.2% |
| Nasdaq | 6496 | 6728 | +3.6% |
| Djia | 22405 | 23377 | +4.3% |
| Dax | 12829 | 13230 | +3.1% |
| Nikkei | 20356 | 22012 | +8.1% |
| Ftse | 7373 | 7493 | +1.6% |
| Canada TSE | 15635 | 16026 | +2.5% |
| Swiss SMI | 9157 | 9242 | +0.9% |
| Commodities | 09/29/17 | 10/31/17 | Chg vs End-3Q |
| Oil, $ per barrel | 51.67 | 54.38 | +5.2% |
| Gold, $ per ounce | 1281.50 | 1267.00 | -1.1% |
Copyright Larry Greenberg 2017. All rights reserved. No secondary distribution without express permission.
Tags: bonds, foreign exchange, Oil, stocks
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