US Markets Stock futures were up slightly on Friday morning following the release of the August jobs report. - Sata from the Bureau of Labor Statistics shows that 315,000 jobs were added to the economy, in line with the 318,000 jobs expected by economists.
- The unemployment rate, however, rose from 3.5% in July to 3.7% in August.
- The current 10 Year U.S. Treasury yield is set at 3.25610%
| Dow Jones | 31,656.42 | 0.46% | | S&P 500 | 3,966.85 | 0.30% | | Nasdaq | 11,785.13 | -0.26% | | Russell 2000 | 1,822.82 | -1.15% | *Stock Market data as of the last closing bell. Data received directly from the reference indexes through ICE Data Services. Do you not understand any of these figures? Check out our explainer.
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Canadian Markets New data shows that housing prices in Toronto stabilized from July to August, falling ~0.5% month over month. - Housing prices in Toronto fell nearly 20% from February to July.
- 5,627 properties were sold in August, 15% more than in July.
- House sales were up 11% year over year.
*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 Friday after rising significantly in late trading following the release of the U.S. jobs report. - The Stoxx 600 gained 1.3% on Friday. Automotive stocks led the gains with a 3.1% increase.
- The Bridgepoint Group, a British British private equity firm, was the best-performing stock thanks to a 13% surge.
- The Stoxx 600 was down 1.8% on Thursday as the negative sentiment from August carried over to the first day of September trading.
| Euro STOXX 50 | 3,498.53 | 1.21% | | UK (FTSE 100) | 7,243.51 | 1.33% | | Germany (DAX) | 12,863.25 | 1.84% | | France (CAC 40) | 6,100.55 | 1.10% | *European stock prices are as of 7 am ET. Data received directly from the reference indexes through ICE Data Services.
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Asian Markets Stocks in Asia were largely negative on Friday, with markets closing before the release of the U.S. jobs report. - South Korea's Consumer Price Index was up 5.7% in the 12 months to August, less than the 6.1% predicted by economists.
- The gaming industry in Macao seems to be recovering as reporting a 50.7% year-over-year decline in profits, a significant improvement from the 95.3% decline in July.
- Casino stocks in China were up as a result, with Galaxy Entertainment, MGM China, and Sands China all gaining on the day.
| S&P Asia 50 | 4,445.56 | -3.14% | | Japan (Nikkei 225) | 27,650.84 | -0.04% | | South Korea (KOSPI) | 2,409.41 | -0.26% | | China (Hang Seng) | 19,452.09 | -0.74% | | India (SENSEX) | 58,803.33 | 0.06% | *Asian stock prices are as of 7 am ET. Data received directly from the reference indexes through ICE Data Services.
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Commodities Oil prices were up on Friday as investors believe that OPEC+ will decide to cut oil production at its meeting on Monday. - G7 countries are considering a plan to cap Russia's oil prices to limit its ability to fund the war in Ukraine.
- Brent crude gained 1.8% this morning, while U.S. West Texas Intermediate rose 2%.
- Brent is on track for an 8% decline this week, while WTI is headed for a 6% drop after both fell ~3% yesterday.
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Currency Exchange Rates The U.S. Dollar is down this morning. - The U.S. Dollar Index hit a new high of 109.99 on Thursday on expectations that unemployment would fall. However, the unemployment rate increased to 3.7% in August, from 3.5% in July.
- The index is down 0.27% today, to 109.39.
- Investors have priced in a 75% chance of a 75-basis point interest rate hike by the Fed in September.
| UK(GBP) | £0.87 | 0.43% | | Europe (EURO) | €1.00 | 0.30% | | Canada (Canadian Dollar) | $1.31 | -0.16% | | Japan (Yen) | ¥140.36 | 0.73% | *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 down on Thursday but managed to maintain its $20k psychological threshold, which was used as a jumping point for minor gains this morning. - Ethereum was down on Thursday but has seen more significant gains this morning.
- Helium is considering moving its network to Solana after a cash injection of $200M.
- Futures indicate that ETHPOW, a potential hard fork of Ethereum by miners wanting to keep Proof of Work, could trade at 1.5% of Ether's future price.
| Bitcoin | $20,383.90 | 1.67% | | Ethereum | $1,642.63 | 3.48% | | Litecoin | $59.45 | 3.18% | | Bitcoin Cash | $118.94 | 3.28% | *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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