US Markets U.S. stock futures were flat overnight as the S&P 500 is on track for a fifth consecutive winning week. - All three major indexes were up slightly on Thursday on a slow day for trading.
- So far this week, the Dow is up 0.71%, the S&P 500 is up 0.08%, and the Nasdaq is down 0.61%.
- The current 10 Year U.S. Treasury yield is set at 2.90790%
| Dow Jones | 33,999.04 | 0.06% | | S&P 500 | 4,283.74 | 0.23% | | Nasdaq | 12,965.34 | 0.21% | | Russell 2000 | 2,000.73 | 0.68% | *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 House sales in Canada are increasing again after a significant drop in the first quarter of 2022. - From Q1 to Q2, home sales were up 31% and 40%, in Vancouver and Toronto, respectively.
- House prices, however, are falling, with the average price of a detached home in Toronto at $1,515,7663 last month, down from $2,073,989 in February.
- House prices in Vancouver fell to $2,000,600 in July from $2,139,200 in April.
*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 following a volatile trading day. - The Stoxx 600 was down for most of the session before reverting course to finish the day up 0.3%.
- Oil and gas stocks led markets, gaining 1.7% on the day, while tech stocks rose 1.2%.
- Retail stocks continued to drag down markets, losing 1.5%.
| Euro STOXX 50 | 3,777.38 | 0.57% | | UK (FTSE 100) | 7,541.85 | 0.35% | | Germany (DAX) | 13,697.41 | 0.52% | | France (CAC 40) | 6,557.40 | 0.45% | *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 Friday amid negative sentiment in the U.S. - In China, the Shanghai Composite and the Shenzhen Component closed down.
- Hong Kong's Hang Seng index closed flat. Tencent gained 0.77% but Meituan lost 0.7%.
- Japan's annual inflation rate rose from 2.4% in June to 2.6% in July, above expectations of 2.2%.
| S&P Asia 50 | 4,600.14 | -0.69% | | Japan (Nikkei 225) | 28,924.74 | -0.06% | | South Korea (KOSPI) | 2,501.84 | -0.25% | | China (Hang Seng) | 19,852.92 | 0.45% | | India (SENSEX) | 60,312.59 | 0.02% | *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 continued to rise on Friday morning, and are on track to extending their three-day rally. - Brent crude gained 3.1% on Thursday, and West Texas Intermediate was up 2.7%.
- Brent and U.S. West Texas Intermediate are up 0.1% and 0.2%, respectively, this morning.
- Investors are concerned about decreasing U.S. stockpiles. If U.S. stockpiles are depleted, the federal government will longer be able to artificially increase supply and will need to start buying crude, generating upward pressure on prices.
| Oil (NYSEARCA:OIL) | 32.17 | 3.21% | | Gold (NYSEARCA:GLD) | 163.92 | -0.26% | | Silver (NYSEARCA:SLV) | 18.04 | -1.15% | | Corn (NYSEARCA:CORN) | 24.91 | 0.44% | | Lumber (NASDAQ:WOOD) | 80.83 | 0.36% | *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 up on Thursday, hitting a new one-month high as several Federal Reserve members said that more interest rate hikes are needed. - St. Louis Federal Reserve President James Bullard expressed support for a 75-basis-point hike in September.
- The Euro has been rising this week, gaining against the Yen and other major currencies, including the U.S. Dollar.
- Investors predict a 42% chance of a 75-basis-point interest rate hike in September.
| UK(GBP) | £0.84 | 1.23% | | Europe (EURO) | €0.99 | 0.99% | | Canada (Canadian Dollar) | $1.30 | 0.29% | | Japan (Yen) | ¥136.28 | 0.98% | *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 Crypto markets continued their negative trend on Thursday but the big story this week is that Ethereum is outperforming Bitcoin. - Bitcoin has risen 31% since hitting a low of $17,601 on June 19.
- Ether hit a low of $880 that same day and has since risen 106%, more than three times as much as Bitcoin.
- Investors are reacting positively toward the upcoming Ether Merge, and increased interest could potentially allow Ether to challenge Bitcoin's position as the cryptocurrency with the largest market capitalization.
| Bitcoin | $22,779.30 | -2.41% | | Ethereum | $1,818.47 | -1.47% | | Litecoin | $58.61 | -2.32% | | Bitcoin Cash | $126.58 | -5.42% | *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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