US Markets U.S. stock futures are up overnight after another positive day for markets on Thursday. - Amazon shares are up after the company announced growth in its AWS revenues.
- Apple stock is up as sales of the iPhone increased.
- The current 10 Year U.S. Treasury yield is set at 2.69390%
| Dow Jones | 32,529.63 | 1.03% | | S&P 500 | 4,072.43 | 1.21% | | Nasdaq | 12,162.59 | 1.08% | | Russell 2000 | 1,873.03 | 1.34% | *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 Markets in Canada were up again on Thursday, as they continued tracking U.S. equities this week. - Cenovus Energy shares were up 3.94% on the day after the company announced that its revenues and earnings had increased.
- Canadian Pacific Railway was up 1% despite announcing a decline in earnings in Q2.
- Bausch Health Companies was down 50% after a judge ruled that some of the firm's drug patents were invalid.
*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 were up on Thursday as investors reacted positively to earnings from major companies and the Federal Reserve's interest rate hike. - The Stoxx 600 was up 1% on the day, led by the financial services sector, which rose 2.8%.
- Barclay's was down 5% after announcing a 48% decline in profits in Q2.
- Shell and TotalEnergies were up after announcing record profits and increasing their buyback programs.
| Euro STOXX 50 | 3,652.20 | 1.23% | | UK (FTSE 100) | 7,345.25 | -0.04% | | Germany (DAX) | 13,282.11 | 0.88% | | France (CAC 40) | 6,339.21 | 1.30% | *European stock prices are as of 7am ET. Data received directly from the references indexes through ICE Data Services.
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Asian Markets Stocks in Asia are mixed on Friday morning despite a strong week for equities in North America and Europe. - Japan announced that its industrial output increased by 8.9% last month.
- Chinese leaders signaled that the government is unlikely to provide stimulus to increase economic performance.
- United Overseas Bank in Singapore reported an 11% increase in profits year-over-year.
| S&P Asia 50 | 4,651.49 | -0.95% | | Japan (Nikkei 225) | 27,944.55 | 0.46% | | South Korea (KOSPI) | 2,450.72 | 0.63% | | China (Hang Seng) | 20,216.11 | -1.97% | | India (SENSEX) | 56,857.79 | 1.87% | *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 are up early on Friday morning after supply concerns tightened the market. - U.S. West Texas Intermediate was up 1.1%, while Brent crude was up 0.8% on Thursday.
- Brent crude is on track to finish the week up 5%, while U.S. West Texas will likely end the week up 3%.
- OPEC+ will meet on Aug. 3 to discuss future output.
| Oil (NYSEARCA:OIL) | 33.23 | -0.72% | | Gold (NYSEARCA:GLD) | 163.64 | 1.22% | | Silver (NYSEARCA:SLV) | 18.43 | 4.72% | | Corn (NYSEARCA:CORN) | 24.81 | 1.97% | | Lumber (NASDAQ:WOOD) | 78.47 | 0.86% | *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 is now near a six-week low as it continues to fall due to rising interest rates in the U.S., leading investors to believe that the Federal Reserve will eventually need to loosen its monetary policy. - Investors estimate there is only a 14% chance the Fed will raise rates by at least 75 basis points at its next meeting.
- New GDP data shows that the U.S. economy contracted by 0.9% last quarter.
- This is the second straight quarter that the U.S. economy has contracted.
| UK(GBP) | £0.82 | -1.14% | | Europe (EURO) | €0.98 | -0.70% | | Canada (Canadian Dollar) | $1.28 | -0.54% | | Japan (Yen) | ¥133.60 | -2.46% | *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 $23,000 following the generally positive trend in U.S. tech markets. - Bitcoin was trading at around $23,740 on Thursday afternoon but is still down more than 50% so far this year.
- The Nasdaq was up 4% on Wednesday, which contributed to the positive momentum Bitcoin experienced on Thursday.
- Bitcoin rose significantly during Asian trading hours on Thursday.
| Bitcoin | $23,867.10 | 12.46% | | Ethereum | $1,723.04 | 5.29% | | Litecoin | $63.60 | 7.72% | | Bitcoin Cash | $152.09 | 27.87% | *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. | |
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