U.S. Markets Stock futures are down on Tuesday morning as tensions rise between China and the US ahead of Speaker Pelosi's visit to Taiwan. - Pelosi is set to be the first speaker to visit Taiwan since 1997. China has threatened to take action in response to the trip.
- Stocks were down on Monday to start August in the red after July provided the highest returns since 2020.
- The current 10 Year U.S. Treasury yield is set at 2.54100%
| Dow Jones | 32,798.40 | -0.14% | | S&P 500 | 4,118.63 | -0.28% | | Nasdaq | 12,368.98 | -0.18% | | Russell 2000 | 1,883.31 | -0.10% | *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.
| |
Canadian Markets Air Canada reported a loss of $386M last quarter as the airline strives to recover from the pandemic downturn. - In Q2 2021, Air Canada reported a loss of $1.17B.
- Revenue increased from $837M in Q2 2021 to $3.98B in Q2 2022.
- Despite the rise in revenue, Air Canada has been facing staff shortages and flight cancelations as the airline industry reels from the slowdown caused by the pandemic.
*Canadian stock prices are as of the last close. Data received directly from the references indexes through ICE Data Services
| |
 A message from VANTA Researching and committing to an automated security platform can be a confusing process. An automated platform can help you get compliant – quickly. The problem is, what exactly should you focus on when deciding which platform is right for you? Vanta’s guide will answer this question and more. Download the guide to learn more about: - The 5 features to look for in an automated platform
- How these features can accelerate your compliance process
- Why investing in the right compliance platform now can enhance your security in the future
Download your copy
| |
European Markets European stocks are down on Tuesday morning amid negative global sentiment as investors reassess the gains from last month's rally. - BP, Ferrari, Maersk, and Uniper reported their earnings today in Europe.
- After falling slightly on Monday, the Stoxx 600 was down 0.6% at midday on Tuesday.
- Oil and gas is the only industry seeing gains today.
| Euro STOXX 50 | 3,678.81 | -0.75% | | UK (FTSE 100) | 7,417.39 | 0.05% | | Germany (DAX) | 13,396.95 | -0.61% | | France (CAC 40) | 6,409.30 | -0.43% | *European stock prices are as of 7 am ET.Data received directly from the references indexes through ICE Data Services.
| |
Asian Markets Stocks were down in Asia on Tuesday as investors were negatively impacted by geopolitical tensions between China and the U.S. - Local sources claimed that Pelosi refused to cancel her visit to Taiwan, resulting in Beijing warning that its military would not sit idle and would protect China's sovereignty and territorial integrity.
- Taiwan Semiconductor Manufacturing Company was down 2.38% as the Taiex Index fell 1.56%.
- Stocks in Australia were up as the country announced an annual inflation rate of 6.1% for the second quarter and raised interest rates by 50 basis points.
| S&P Asia 50 | 4,518.68 | -2.40% | | Japan (Nikkei 225) | 27,594.73 | -1.42% | | South Korea (KOSPI) | 2,439.62 | -0.52% | | China (Hang Seng) | 19,689.21 | -2.36% | | India (SENSEX) | 58,136.36 | 0.04% | *Asian stock prices are as of 7 am ET. Data received directly from the references indexes through ICE Data Services.
| |
 A message from COACHHUB How much is employee attrition costing your organization? As workplaces evolve, businesses need to invest in innovative ways to meet the diverse demands of their workforce―and see a return on their investment. Forrester’s Total Economic Impact of CoachHub study measured the results of innovation in learning and development. The results: Business costs related to employee attrition can be significantly reduced through innovation in learning and development.
This study provides a framework to evaluate the potential impact of CoachHub on their organizations as well as insights that articulate the benefits, costs and risks associated with an investment in people development.
In this report you'll learn: - The net present value of coaching totaled $3.3M over three years
- Digital coaching proved a 260% ROI
- Organizations studied showed a $4.3M cost savings linked to employee retention
Access your copy
| |
Oil Oil prices were down early on Tuesday as investors reacted to new data showing that demand is falling amid a drop in global manufacturing. - Brent crude is down 0.03% on the day, with U.S. West Texas Intermediate crude down 0.2%.
- Surveys show that factories in the U.S., Europe, and Asia saw a decline in production, which is concerning given the recent declines in GDP.
- Oil prices are down significantly from their high of $147 per barrel in March, with U.S. West Texas Intermediate now at just $93.73 per barrel.
| |
Currencies The U.S. Dollar was down early this morning as it continues to fall following the Federal Reserve's interest rate hike last week. - There are concerns that Pelosi's visit to Taiwan may affect the U.S. Dollar. This has benefited the Japanese Yen and Swiss Franc, two currencies that are also viewed as safe havens.
- The U.S. Dollar has lost 4% relative to the Japanese Yen in the past four trading days.
- The Chinese Yuan was also down, reaching its lowest value against the U.S. Dollar since May.
Currency Exchange Rates | UK(GBP) | £0.82 | -0.50% | | Europe (EURO) | €0.98 | -0.17% | | Canada (Canadian Dollar) | $1.28 | 0.26% | | Japan (Yen) | ¥131.06 | -1.76% | *Exchange rates as of 7am ET. Data from Morningstar Financial Research. To understand why we track these currencies and the differences between them, click here.
| |
Cryptocurrency Bitcoin was down on Monday to start August in the red. Bitcoin is down 51% so far this year. - Tiffany has revealed a collection of diamond-encrusted necklaces in the form of NFTs, available exclusively for CryptoPunk owners.
- Ether has overtaken Bitcoin in the options market for the first time as investors continue to bet on Ether post-fork.
- Chiliz has acquired a 24.5% stake in Barca Studios, FC Barcelona's Web3 company. The stake was purchased for $100M.
| Bitcoin | $22,814.50 | -2.11% | | Ethereum | $1,577.91 | -3.23% | | Litecoin | $57.57 | -3.26% | | Bitcoin Cash | $132.19 | -5.15% | *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.
| |
 |  | 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. | |
| |
| |
