Markets set for negative week.
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US Markets Stock futures were down overnight after a positive trading day on Thursday. - Markets will be heavily impacted by Federal Reserve Chair Jerome Powell's speech this morning at the Jackon Hole Symposium.
- Despite rising on Thursday, indexes are expected to decline this week. The Dow is on track to lose 1.2%, the S&P 500 0.7%, and the Nasdaq 0.5%.
- The current 10 Year U.S. Treasury yield is set at 3.02860%
| Dow Jones | 33,291.78 | 0.98% | | S&P 500 | 4,199.12 | 1.41% | | Nasdaq | 12,639.27 | 1.67% | | Russell 2000 | 1,964.64 | 1.52% | *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 Job vacancy figures have hit an all-time high as Canadian employers continue to struggle to attract new talent. - Figures from Statistics Canada show that there are currently 1,037,900 available jobs.
- Healthcare and social assistance are the sectors with the highest vacancy rates.
- Other industries with significant vacancies include finance, insurance, transportation, warehousing, manufacturing, and construction.
*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 Stocks in Europe were mostly positive on Thursday as investors were hesitant to make moves ahead of Fed Chairman Jerome Powell's speech today. - The Stoxx 600 was up 0.3% on the day. Oil and Gas stocks led markets with a 1.1% increase while retail stocks fell 2%.
- Germany's Business Climate Index decreased to 88.5 in August from 88.7 in July.
- Elekta was the worst-performing stock in the Stoxx 600, falling 9%; Harbour Energy was up 11%, leading the index.
| Euro STOXX 50 | 3,674.54 | 0.19% | | UK (FTSE 100) | 7,479.74 | 0.11% | | Germany (DAX) | 13,271.96 | 0.39% | | France (CAC 40) | 6,381.56 | -0.08% | *European stock prices are as of 7 am ET. Data received directly from the reference indexes through ICE Data Services.
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Asian Markets Markets in Asia were up on Thursday as investors were optimistic about the upcoming policy announcements from the U.S. Federal Reserve. - Trading in Hong Kong was paused in the morning due to a typhoon warning but resumed in the afternoon.
- The Hang Seng finished up 3.63% thanks largely to a surge in technology stocks.
- The Hang Seng Tech index rose 6.01% on the day. JD.com surged 11%, Alibaba gained 8.75%, and Tencent climbed 4.84%.
- Stocks in mainland China were also up, but not as much, with the two main indexes gaining less than 1%.
| S&P Asia 50 | 4,604.08 | 2.46% | | Japan (Nikkei 225) | 28,479.01 | 0.58% | | South Korea (KOSPI) | 2,477.26 | 1.22% | | China (Hang Seng) | 19,968.38 | 3.63% | | India (SENSEX) | 58,774.72 | -0.53% | *Asian stock prices are as of 7 am ET. Data received directly from the reference indexes through ICE Data Services.
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Commodities After suffering more volatility oil prices lost 2% on Thursday amid optimism regarding negotiations for a new Iran nuclear deal. - Brent crude was down 1.9%, while U.S. West Texas Intermediate crude dropped 2.5%.
- Data in the U.S. continues to show a 7% year-on-year decrease in gasoline demand over the most recent four-week period.
- Oil prices will be impacted by Powell's speech today as variations in exchange rates will likely influence the relative purchasing power of oil buyers.
| Oil (NYSEARCA:OIL) | 33.02 | -2.16% | | Gold (NYSEARCA:GLD) | 163.75 | 0.31% | | Silver (NYSEARCA:SLV) | 17.73 | 0.57% | | Corn (NYSEARCA:CORN) | 26.15 | -0.98% | | Lumber (NASDAQ:WOOD) | 80.28 | 1.45% | *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 Index lost ground on Thursday amid fears that the Fed will backpedal on its previously hawkish tone. - The Index lost 0.24% but is still near its 20-year high.
- The Australian Dollar was up on news that there could be additional fiscal spending in China.
- The Euro and UK Pound were also down on the day.
| UK(GBP) | £0.85 | -0.01% | | Europe (EURO) | €1.00 | -0.04% | | Canada (Canadian Dollar) | $1.29 | -0.19% | | Japan (Yen) | ¥136.58 | -0.11% | *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 stable on Thursday, ahead of Jerome Powell's speech later today. - Crypto prices have been heavily impacted by interest rates this year. Uncertainty about today's speech probably contributed to a lack of movement in leading crypto coins in recent days.
- Reddit has begun airdropping collectible avatars hosted on the Polygon blockchain.
- Ether has been leading cryptocurrency markets amid a positive outlook post-Merge.
- The former Finance Minister of South Korea Yong-Beom Kim was announced as the CEO of Hashed Open Research, the research arm of Hashed, a cryptocurrency venture capital firm.
| Bitcoin | $21,605.80 | 0.42% | | Ethereum | $1,695.10 | 2.35% | | Litecoin | $56.92 | 0.90% | | Bitcoin Cash | $130.71 | -2.02% | *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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 |  | 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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