US Markets Stock futures were down overnight following a rally yesterday, as investors await employment data that will be released later today. - Levi Strauss shares were up 3% overnight after the company said it had beaten earnings expectations and would be increasing its dividend.
- GameStop is down 5% overnight after announcing layoffs. It rose 15% on Thursday after its board approved a 4 for 1 stock split.
- The current 10 Year U.S. Treasury yield is set at 3.00210%
| Dow Jones | 31,384.55 | 1.12% | | S&P 500 | 3,902.62 | 1.50% | | Nasdaq | 11,621.35 | 2.28% | | Russell 2000 | 1,769.60 | 2.43% | *Stock Market data as of the last closing bell. Data received directly from the references indexes through ICE Data Services. Do you not understand any of these figures? Check out our explainer.
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Canadian Markets David Doyle, the head of economics at Macquarie Group, believes that a potential recession next year will impact Canada more severely than the U.S. because the housing market plays a bigger role in the Canadian economy. - 10% of Canada's GDP is linked to the housing sector, twice as much as in the U.S.
- The housing market in Canada has already started to cool due to rising interest rates.
- Doyle believes that the U.S. will have a recession lasting three or four quarters while Canada's will last an additional two quarters.
*Canadian stock prices are as of the last close. Data received directly from the references indexes through ICE Data Services
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European Markets European stock markets rose after U.K. Prime Minister Boris Johnson announced his resignation on Thursday. - Maersk, a Danish shipping company, gained 7.1% after COSCO, a major Chinese partner reported higher than expected profits.
- Tenaris gained 9.8% after the company was upgraded by Jefferies.
- The FTSE was up 1.1% in the U.K. after Johnson said he will step down in the fall following a cabinet revolt.
| Euro STOXX 50 | 3,488.50 | 1.95% | | UK (FTSE 100) | 7,189.08 | 1.14% | | Germany (DAX) | 12,843.22 | 1.97% | | France (CAC 40) | 6,006.70 | 1.60% | *European stock prices are as of 7 am ET. Data received directly from the references indexes through ICE Data Services.
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Oil Oil prices were extremely volatile on Thursday, climbing more than 10% during the day before shedding more than half of their gains. - Brent crude finished the day up 3.9% while U.S. West Texas Intermediate Crude gained 4.26%.
- At certain times during the day, oil prices were down by as much as 1.5%.
- U.S. consumer demand for oil was up last week to 20.5 million barrels per day.
| Oil (NYSEARCA:OIL) | 31.51 | | 1.16% | *Commodity prices are as of 7 am ET. Data from MarketWatch. To understand why investors track the prices of these commodities, click here.
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Commodities Gold was up on Thursday after two straight days of losses. - Spot gold was up 0.1% and U.S. gold rose 0.2%.
- Gold is down more than $300 since March, when the Fed detailed its plans to tame inflation by raising interest rates.
- Silver was up 0.2%, platinum rose 2.2%, and palladium gained 5.6%.
| Gold (NYSEARCA:GLD) | 162.23 | 0.06% | | Silver (NYSEARCA:SLV) | 17.75 | 0.34% | | Corn (NYSEARCA:CORN) | 24.11 | 1.56% | | Lumber (NASDAQ:WOOD) | 75.12 | 1.98% | *Commodity prices are as of 7 am ET. Data from MarketWatch. To understand why investors track the prices of these commodities, click here.
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Currency Exchange Rates The U.S. Dollar was flat on Thursday as investors await employment data due later today. - The Euro hit a new 20-year low as investor confidence in the European Union remains volatile.
- The British pound was stronger after Boris Johnson stepped down as leader of the Conservative Party and said he will continue as Prime Minister until the fall.
- The U.S. Dollar Index is at 107.11, just below its 20-year high of 107.27.
| UK(GBP) | £0.83 | -0.88% | | Europe (EURO) | €0.98 | 0.11% | | Canada (Canadian Dollar) | $1.30 | -0.52% | | Japan (Yen) | ¥136.00 | 0.02% | *Exchange rates as of 7 am ET. Data from Morningstar Financial Research. To understand why we track these currencies and the differences between them, click here.
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Cryptocurrency Bitcoin rose above $21,000 for the first time in over a week on Thursday. - Many altcoins also saw significant gains, with MATIC and ICP rising over 10%.
- Reddit has announced its own NFT marketplace with collectible avatars.
- Ethereum's new scaling system will allow ether to U.S. Dollar withdrawals.
| Bitcoin | $21,627.50 | 5.29% | | Ethereum | $1,235.40 | 4.13% | | Litecoin | $51.99 | 3.34% | | Bitcoin Cash | $110.34 | 6.09% | *Exchange rates as of 7 am ET. Data from Morningstar Financial Research. To understand why we track these currencies and the differences between them, click here.
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 |  | Liam Gill is a founder, lawyer and investor.
He previously founded Fumarii Technologies, which became a top 20 ranked cloud computing service (Yahoo Finance! 2019) valued at over $30M. He holds an LLB Laws (UK), MSc Management and Master of Laws and currently practices law at Zargar Lawyers + Business Strategists in Vancouver, Canada.
|   | | Editor | Eduardo Garcia is a writer and editor based in New York. He is the author of "Things You Can Do," an illustrated book about climate action. Bylines in The New York Times, The Guardian, Slate, Scientific American, and others. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
