U.S. Markets U.S. stock futures were flat overnight after rising on Monday. - The energy and financial sectors were down on Monday morning due to negative sentiment carrying over from Chinese economic reports. The markets reversed course in the afternoon after communication and discretionary spending stocks rose.
- Compass lost 13% overnight after the company missed its Q2 earnings forecast.
- The current 10 Year U.S. Treasury yield is set at 2.78150%
| Dow Jones | 33,912.44 | 0.45% | | S&P 500 | 4,297.14 | 0.40% | | Nasdaq | 13,128.05 | 0.62% | | Russell 2000 | 2,021.35 | 0.23% | *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 The TSX was flat on Monday as individual industries moved in different directions. - Energy and materials stocks were down significantly on the day, with Canadian Natural Resources Ltd, Nutrien Ltd, and Enbridge leading losses.
- But other sectors rose, allowing the TSX to gain 0.79 points on Monday, to finish at 20,180.60
- Home Capital Group was up nearly 10% after the company said it will reject a buyout approach from an unnamed third party.
*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 on Monday, extending gains from last week. - The Stoxx 600 finished slightly up. Food and beverage stocks led markets by gaining 0.9%, while mining stocks lost 1.6%, dragging markets down.
- Storskgen Group was the worst performing stock, losing 10%, after the company announced worst-than-expected earnings.
- Telecom Italia led markets with a 6% jump following rumors that the company may be taken private.
| Euro STOXX 50 | 3,789.62 | 0.34% | | UK (FTSE 100) | 7,509.15 | 0.11% | | Germany (DAX) | 13,816.61 | 0.15% | | France (CAC 40) | 6,569.95 | 0.25% | *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 Shares in Asia were mostly up on Monday, although Chinese shares fell after the country released disappointing economic data. - China's industrial production grew 3.8% year over year in July, less than the 4.6% expected by economists and the 3.9% growth in June.
- Retail sales were up 2.7% year over year in July, significantly less than the 5% increase expected by economists.
- The Shanghai Composite and Hang Seng were both down on Monday as a result.
| S&P Asia 50 | 4,647.89 | 0.32% | | Japan (Nikkei 225) | 28,871.78 | 1.14% | | South Korea (KOSPI) | 2,527.94 | 0.16% | | China (Hang Seng) | 20,040.86 | -0.67% | | India (SENSEX) | 59,462.78 | 0.22% | *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 were down following the release of data showing that the Chinese economy is underperforming. - Brent crude was down 3.1% on Monday, while U.S. West Texas Intermediate crude lost 2.9%.
- ING lowered its GDP growth forecast for China from 4.4% to 4%. Demand for oil is expected to drop if the Chinese economy slows down.
- The U.S. may restart talks to revive the 2015 Iran nuclear deal, which could potentially allow Iran to restart oil exports.
| Oil (NYSEARCA:OIL) | 31.32 | -2.91% | | Gold (NYSEARCA:GLD) | 165.71 | -1.29% | | Silver (NYSEARCA:SLV) | 18.68 | -2.56% | | Corn (NYSEARCA:CORN) | 25.35 | -1.55% | | Lumber (NASDAQ:WOOD) | 81.04 | -1.06% | *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 Monday after poor economic data released in China prompted investors to move to safe-haven currencies. - Money markets predict a 43.5% chance of another 0.75-basis-point interest rate increase in September.
- The Euro continues to struggle due to the war in Ukraine and an economic slowdown in Germany, in part due to low water levels caused by a severe drought.
- New data from the U.S. showed a decline in import prices for the first time in seven months.
| UK(GBP) | £0.83 | 0.75% | | Europe (EURO) | €0.98 | 1.02% | | Canada (Canadian Dollar) | $1.29 | 1.03% | | Japan (Yen) | ¥133.22 | -0.17% | *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 rose to over $25,000 early on Monday before falling during trading hours in the U.S. - Ether is up 56% in the last month as investors prepare for the major fork of the currency in September.
- Cryptos continue to move alongside the rally in U.S. equity markets, benefiting from the sentiment that inflation could be easing.
- Investors believe Bitcoin will continue to trade at around the $25,000 mark until the next Federal Reserve meeting in September.
| Bitcoin | $24,032.80 | -1.75% | | Ethereum | $1,886.83 | -2.54% | | Litecoin | $60.50 | -4.23% | | Bitcoin Cash | $136.80 | -4.54% | *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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