US Markets U.S. stock futures are up on Tuesday morning after a mixed day for markets on Monday. - Investors are balancing news surrounding semiconductor chips, earnings, inflation, and interest rates.
- Novavax fell 32% overnight after the company lowered its forecast for Covid vaccine sales.
- Upstart is down 7% overnight after reporting lower than expected profits and revenues for Q2.
- The current 10 Year U.S. Treasury yield is set at 2.75810%
| Dow Jones | 32,832.54 | 0.09% | | S&P 500 | 4,140.06 | -0.12% | | Nasdaq | 12,644.46 | -0.10% | | Russell 2000 | 1,941.21 | 1.01% | *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 Stocks in Canada were up on Monday, led largely by a significant rise in mining stocks. - Investors in Canada are concerned that earnings could fall in the coming months as the economy seems to be in trouble amid higher unemployment and a decrease in home prices.
- As part of the wider rise in mining stocks, Barrick Gold Corp was up 3.32%.
- Cenovus Energy was up 3.43% after announcing plans to purchase the outstanding shares of a Toledo refinery.
*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 Monday, with earnings from companies such as Porsche and Siemens Energy pushing markets forward. - The Stoxx 600 was up 0.8% on the day, with retail stocks leading markets.
- Hargreaves Landsdown, a British financial services company, led the Stoxx 600, gaining 7% after Deutsche Bank raised its target price.
- Future, a U.K media company, was the worst performing stock in the Stoxx 600, falling 5%.
| Euro STOXX 50 | 3,757.22 | 0.85% | | UK (FTSE 100) | 7,482.37 | 0.57% | | Germany (DAX) | 13,687.69 | 0.84% | | France (CAC 40) | 6,524.44 | 0.80% | *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 Monday as countries reacted to the strong U.S. jobs report on Friday, as well as local economic data. - Softbank was up 0.74%, helping Japanese stocks rise. The Vision fund reported a $21.68B loss in Q2.
- Chinese tech stocks were down, with Alibaba falling 4.41% and JD.com dropping 3.26%.
- New data from China showed that exports were up 18% in July (measured in U.S. Dollars) versus last year.
| S&P Asia 50 | 4,605.86 | -0.54% | | Japan (Nikkei 225) | 28,249.24 | 0.26% | | South Korea (KOSPI) | 2,493.10 | 0.09% | | China (Hang Seng) | 20,045.77 | -0.77% | | India (SENSEX) | 58,853.07 | 0.80% | *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 up on Monday, following the release of positive economic data from China and the U.S. - Brent crude prices were down 13.7% last week, hitting their lowest point since February. This was Brent crude's largest single-week drop in over two years.
- In the U.S., West Texas Intermediate was down 9.7% last week.
- On Monday, Brent crude was up 1.8%, while U.S. West Texas Intermediate crude gained 2%.
| Oil (NYSEARCA:OIL) | 31.60 | 2.73% | | Gold (NYSEARCA:GLD) | 166.69 | 0.86% | | Silver (NYSEARCA:SLV) | 19.03 | 3.82% | | Corn (NYSEARCA:CORN) | 24.67 | -0.04% | | Lumber (NASDAQ:WOOD) | 78.34 | 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 was down on Monday, losing some of its gains late last week and over the weekend. - European and Asian currencies benefitted from the positive sentiment in the U.S. until midday.
- The U.S. Dollar Index was down 0.2% on the day.
- Investors predict a 69% chance of a 75-basis-point interest rate hike by the Fed next month.
| UK(GBP) | £0.83 | -0.06% | | Europe (EURO) | €0.98 | -0.14% | | Canada (Canadian Dollar) | $1.29 | -0.52% | | Japan (Yen) | ¥135.00 | 0.00% | *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 made a significant stride on Monday and seems like it may challenge the $25,000 barrier this week. - Despite the strong rally around Ethereum due to its upcoming fork, co-founder Vitalik Buterin has downplayed the potential for more forks in the coming months.
- New data shows that traders have been buying large amounts of ETH in the spot market and selling ether futures to hedge against the move away from POW.
- $3.5M have been lost due to a rug pull in the Dragoma project.
| Bitcoin | $23,767.70 | 3.51% | | Ethereum | $1,771.76 | 4.20% | | Litecoin | $62.37 | 2.05% | | Bitcoin Cash | $142.87 | 1.08% | *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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