US Markets Stock futures were flat overnight after a mixed day of trading for U.S. markets on Thursday. - Healthcare was the worst performing sector in the S&P 500, falling 0.71%.
- Energy stocks led gains with a 3% raise.
- The current 10 Year U.S. Treasury yield is set at 2.88480%
| Dow Jones | 33,336.67 | 0.08% | | S&P 500 | 4,207.27 | -0.07% | | Nasdaq | 12,779.91 | -0.58% | | Russell 2000 | 1,975.26 | 0.31% | *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 Desjardins forecasts that the price of the average home in Canada will fall by 25% from the peak it reached in February to December 2023. - Desjardins previously forecasted a 15% drop in average prices over the same period.
- Despite the fall, prices will still be above pre-pandemic levels by the end of 2023.
- The Bank of Canada raised its benchmark interest rate by 1 percentage point in July, causing pressure on mortgage payers.
- Housing prices dropped by 4% in each of the three past months.
*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 mixed on Thursday and heavily influenced markets in the U.S. later in the day. - The Stoxx 600 rose less than 0.1%.
- Oil and gas stocks led gains, rising 2% on the day. The healthcare sector dragged down markets with a 1% drop.
- Aegean Airlines was one of the best-performing stocks, gaining 9%.
| Euro STOXX 50 | 3,757.05 | 0.21% | | UK (FTSE 100) | 7,465.91 | -0.55% | | Germany (DAX) | 13,694.51 | -0.05% | | France (CAC 40) | 6,544.67 | 0.33% | *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 morning following a volatile session the previous day. - Markets in Thailand are closed for a holiday.
- Softbank gained 6% on Thursday after the company announced that it would earn $34.5B from its sale of Alibaba shares.
- Credit Suisse has started legal proceedings against Softbank in the UK High Court over a $440M dispute.
| S&P Asia 50 | 4,632.98 | 2.65% | | Japan (Nikkei 225) | 28,412.55 | 2.13% | | South Korea (KOSPI) | 2,523.44 | -0.01% | | China (Hang Seng) | 20,042.68 | -0.20% | | India (SENSEX) | 59,332.60 | 0.88% | *Asian stock prices are as of 7am ET.Data received directly from the references indexes through ICE Data Services.
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Commodities Oil prices rose after the International Energy Agency raised its projections for oil demand in 2022. - The IEA now projects an additional demand of 380,000 barrels of oil per day worldwide.
- Brent crude was up 2.7%, while U.S. West Texas Intermediate crude gained 3.2%.
- U.S. stockpiles rose by 5.5 million barrels last week, according to the Energy Information Administration, over the 73,000 barrels expected by analysts.
| Oil (NYSEARCA:OIL) | 33.03 | 3.32% | | Gold (NYSEARCA:GLD) | 166.34 | -0.26% | | Silver (NYSEARCA:SLV) | 18.67 | -1.48% | | Corn (NYSEARCA:CORN) | 25.34 | 1.28% | | Lumber (NASDAQ:WOOD) | 80.31 | 0.01% | *Commodity prices are as of 7am 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 down on Thursday as investors are uncertain about the Fed's next rate decision, given that inflation is already falling. - The U.S. Dollar continued to trade lower on Friday morning in Asia.
- The Japanese Yen has seen significant growth as investors seem to be choosing it as a safe haven.
- The UK Pound has been very volatile over the past few days due to the release of economic data amid political instability.
| UK(GBP) | £0.82 | -0.89% | | Europe (EURO) | €0.97 | -0.96% | | Canada (Canadian Dollar) | $1.28 | -0.94% | | Japan (Yen) | ¥133.36 | -1.35% | *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 up again on Thursday and continues to outpace Ethereum despite the excitement surrounding the upcoming Ethereum network fork. - Energy Web Token was up 25% after being mentioned in a press release by BlackRock.
- According to a document circulated among developers, Ethereum's merge could take place on three potential dates: September 15, 16, and 20.
- Interlay has launched a decentralized wrapped Bitcoin with one iBTC redeemable for one Bitcoin.
| Bitcoin | $23,879.50 | 3.15% | | Ethereum | $1,879.21 | 1.36% | | Litecoin | $61.67 | 0.10% | | Bitcoin Cash | $142.20 | 5.59% | *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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