US Markets Futures are down overnight as investors reacted to a poor earnings report from Snapchat. - Snapchat said that its Q2 results fell short of its expectations and would be slowing its hiring, which caused the stock to fall by 26%.
- Related stocks were down overnight. Pinterest lost 7%, Meta drop 5.2%, and Alphabet was down 2.9%.
- The current 10 Year U.S. Treasury yield is set at 2.89960%
| Dow Jones | 32,036.90 | 0.51% | | S&P 500 | 3,998.95 | 0.99% | | Nasdaq | 12,059.61 | 1.36% | | Russell 2000 | 1,836.69 | 0.48% | *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 The TSX was up on Thursday after a volatile day of trading that saw real estate stocks rise while energy stocks fell. - Rogers shares were flat despite announcing that it will hire a new chief technology officer. The announcement came two weeks after a nationwide outage.
- Energy stocks in Canada were down 2.15% on the day, trailing the markets.
- Investors are concerned about the price of commodities as the Federal Reserve seems to be withdrawing liquidity.
*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 stocks were up on Thursday as the European Central Bank (ECB) announced its first interest rate hike in 11 years. - The ECB will raise the deposit rate to 0%. It had been negative since 2014.
- The Stoxx 600 was up by 0.3% despite slowing economic growth and fears about the war in Ukraine's impact on energy supplies.
- Oil and gas stocks dragged markets, losing 2.1%, while financial stocks led markets with a 2.1% increase.
| Euro STOXX 50 | 3,596.51 | 0.31% | | UK (FTSE 100) | 7,270.51 | 0.09% | | Germany (DAX) | 13,246.64 | -0.27% | | France (CAC 40) | 6,201.11 | 0.27% | *European stock prices are as of 7 am ET. Data received directly from the references indexes through ICE Data Services.
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Asian Markets Markets in Asia are mixed on Friday as investors react to new economic data. - Japan released consumer prices data showing that the annual inflation rate reached 2.2% in June, above the 2.1% figure released yesterday by private analysts.
- The Nikkei and Topix were both down immediately after the announcement but later recovered.
- Technology stocks in China were up following the positive momentum from the Nasdaq in the U.S.
| S&P Asia 50 | 4,738.47 | 0.47% | | Japan (Nikkei 225) | 27,841.28 | 0.14% | | South Korea (KOSPI) | 2,396.71 | -0.52% | | China (Hang Seng) | 20,723.88 | 0.73% | | India (SENSEX) | 55,681.95 | 0.51% | *Asian stock prices are as of 7 am ET. Data received directly from the references indexes through ICE Data Services.
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Commodities Oil prices were down again on Thursday as investors reacted to the interest rate hike in the EU and higher stockpiles in the U.S. - Brent crude was down 2.86%, and U.S. West Texas Intermediate crude lost 3.5% on the day. Both slumped earlier in the trading session but later made some gains.
- U.S. gasoline prices were down 4.5% after the U.S. reported an increase of 3.5 million barrels in its stockpiles.
- Nord Stream 1, which carries oil from Russia to Germany, reopened yesterday.
| Oil (NYSEARCA:OIL) | 32.10 | -2.61% | | Gold (NYSEARCA:GLD) | 160.27 | 1.41% | | Silver (NYSEARCA:SLV) | 17.40 | 1.22% | | Corn (NYSEARCA:CORN) | 23.29 | -2.47% | | Lumber (NASDAQ:WOOD) | 77.90 | 0.13% | *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 Euro was up against the U.S. Dollar before falling later in the day as investors reacted to the interest rate hike in the EU. - The Euro gained 0.09% during U.S. trading hours to finish the day at its highest point against the U.S. Dollar in two weeks.
- The U.S. Dollar was down against the Yen as well, as the Bank of Japan on Thursday kept its ultra low-interest rates unchanged.
- The British Pound was down during U.S. trading hours as political uncertainty continues in the wake of Boris Johnson's resignation as Prime Minister.
| UK(GBP) | £0.83 | 0.13% | | Europe (EURO) | €0.98 | 0.26% | | Canada (Canadian Dollar) | $1.29 | 0.03% | | Japan (Yen) | ¥137.43 | -0.55% | *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 was down during U.S. trading hours as investors reacted to the news that Tesla had sold $936M worth of bitcoin last quarter. - Elon Musk said Tesla sold bitcoin to increase its cash flow but would consider purchasing more cryptocurrency in the future.
- A former Coinbase manager has been arrested and charged by the SEC for insider trading related to cryptocurrencies.
- Zipmex has confirmed that it has loaned $53M to Babel and Celsius as the two companies attempt to balance their finances.
| Bitcoin | $23,125.00 | -1.15% | | Ethereum | $1,574.76 | 3.46% | | Litecoin | $58.35 | 1.97% | | Bitcoin Cash | $126.30 | -1.62% | *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. | |
Laika is a unified compliance platform that automates workflows for audits, infosec monitoring, and vendor due diligence in a single, collaborative space. | |
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