US Markets Stock futures were down marginally overnight after a mixed day for U.S. markets on Tuesday. - The Dow was up on Tuesday, extending its winning streak to five days.
- Retailers including Target, Home Deport, Walmart, Best Buy, and Bath & Body Works led markets.
- The US market is up approximately 18% from the lows hit in June.
- The current 10 Year U.S. Treasury yield is set at 2.81220%
| Dow Jones | 34,152.01 | 0.71% | | S&P 500 | 4,305.20 | 0.19% | | Nasdaq | 13,102.55 | -0.19% | | Russell 2000 | 2,020.53 | -0.04% | *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 Data from Statistics Canada shows that annual inflation reached 7.6% in July. - The figures show that inflation peaked in June, when it reached 8.1%. U.S. data released last week also shows a decrease in annual inflation in July from the previous month.
- Gas prices were significantly down from June, which heavily contributed to the lower inflation rate.
- David Rosenberg of Rosenberg Research believes that a recession in Canada is inevitable.
*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 markets were up slightly on Tuesday as investors continue to ride the positive momentum from last week. - The Stoxx 600 gained 0.2%, with basic resource stocks leading the market, gaining 3.4%.
- Healthcare stocks dragged down markets with a 0.6% drop.
- Sonova was down 15% as the Swiss manufacturer of hearing care products had to lower its forecast for the rest of 2022.
| Euro STOXX 50 | 3,805.22 | 0.41% | | UK (FTSE 100) | 7,536.06 | 0.36% | | Germany (DAX) | 13,910.12 | 0.68% | | France (CAC 40) | 6,592.58 | 0.34% | *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 Stocks in Asia were mixed on Tuesday as Markets in Hong Kong and Japan fell, while those in mainland China and Australia rose. - The Shanghai Composite and Shenzhen Component saw gains as Chinese real estate stocks rose.
- Wholesale price inflation in India fell from 15.18% in June to 13.93% in July.
- Australian markets were up 0.58%, led by mining stocks, with mining giant BHP gaining over 4% after reporting strong earnings.
| S&P Asia 50 | 4,624.05 | -0.74% | | Japan (Nikkei 225) | 28,868.91 | -0.01% | | South Korea (KOSPI) | 2,533.52 | 0.22% | | China (Hang Seng) | 19,830.52 | -1.05% | | India (SENSEX) | 59,842.21 | 0.64% | *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 continue to fall as investors remain concerned about the health of the global economy. - The potential for an Iranian nuclear deal is putting downward pressure on oil prices, as it could increase supply.
- Brent crude was down 2.9% on Tuesday, while U.S. West Texas Intermediate fell by 3.3%.
- Beijing's efforts to spur economic growth could lead to higher oil demand, but some aggressive actions have triggered fears that the country's economy might be in worse shape than thought.
| Oil (NYSEARCA:OIL) | 30.73 | -2.38% | | Gold (NYSEARCA:GLD) | 165.42 | -0.18% | | Silver (NYSEARCA:SLV) | 18.57 | -0.59% | | Corn (NYSEARCA:CORN) | 24.72 | -2.49% | | Lumber (NASDAQ:WOOD) | 81.49 | 0.56% | *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 rose slightly on Tuesday ahead of today's release of retail sales data and minutes from the last Federal Reserve meeting. - Sales data will signal how consumers are acting under the current economic circumstances. Strong sales mean that consumers have confidence in the economy, while weak sales may be a cause for concern.
- The meeting minutes could indicate how the Fed will act when it meets on Sept. 20.
- Currently, traders estimate a 60% chance of a 50-basis point rate increase and a 40% chance of a 75-basis point rate hike.
| UK(GBP) | £0.83 | 0.25% | | Europe (EURO) | €0.98 | 0.81% | | Canada (Canadian Dollar) | $1.28 | 0.52% | | Japan (Yen) | ¥134.23 | 0.70% | *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 again on Tuesday after retreating from its recent high a day earlier. - Ethereum lost 1.1% on Tuesday after gaining during Asian and European trading hours.
- Following its recent rise, Ethereum's market cap has reached 50% of the market cap for Bitcoin. In June 2017, Ethereum reached a peak equal to 83.2% of Bitcoin's market cap.
- Derivative traders in the cryptocurrency industry expect Ether yields to double following the Merge in September.
| Bitcoin | $23,826.70 | -2.01% | | Ethereum | $1,868.50 | -1.63% | | Litecoin | $61.14 | 0.71% | | Bitcoin Cash | $135.76 | -2.65% | *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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