US Markets U.S. stock indexes saw losses on Thursday for the third day in a row. - Markets are set to finish the week in the red. So far this week, the Dow has lost 2.42%, the S&P 500 is down 3%, and the Nasdaq has dropped 3.3%.
- The recent decline has also caused stocks to retest their lows from earlier in the summer, with the Dow just 0.5% from its recent lows while the S&P 500 is 2.5% above.
- The current 10 Year U.S. Treasury yield is set at 3.71480%
| Dow Jones | 30,076.68 | -0.35% | | S&P 500 | 3,757.99 | -0.84% | | Nasdaq | 11,066.81 | -1.37% | | Russell 2000 | 1,722.31 | -2.26% | *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 About two-thirds of Canadians have altered their spending habits due to the recent record-high inflation rates, a new survey shows. - 33.7% of Canadians said they have started using loyalty programs to lower their shopping costs.
- 32.1% have started reading weekly grocery flyers.
- 23.9% have started using coupons.
- 24% said they are buying less food, with 7.1% saying they have had to skip meals and 6.6% saying they have purchased food using a credit card they aren't sure they can afford to repay.
- 28.2% have not changed their spending habits.
*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 Markets in Europe were down on Thursday as investors reacted to potential interest rate hikes in Switzerland and England. - The Stoxx 600 was down 1.8% on the day, with all sectors negative.
- Technology stocks were the worst performing, losing 4.24%, followed by travel stocks, down 3.2%.
- British regulators will investigate the role of Amazon, Microsoft, and Google in the cloud computing industry and analyze the market's competitiveness, which could have a significant impact on computing and technology costs in the future.
| Euro STOXX 50 | 3,427.14 | -1.85% | | UK (FTSE 100) | 7,159.52 | -1.08% | | Germany (DAX) | 12,531.63 | -1.84% | | France (CAC 40) | 5,918.50 | -1.87% | *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 are down on Friday morning as investors continue to react negatively to the rise in the U.S. Dollar. - Australian stocks were down nearly 3% in the first hour of trading after a holiday on Thursday.
- Annual inflation in Malaysia reached 4.7% in August, in line with expectations.
- The inflation rate in Singapore was up to 5% in August from 4.8% in July.
| S&P Asia 50 | 4,036.88 | -3.09% | | Japan (Nikkei 225) | 27,153.83 | -0.58% | | South Korea (KOSPI) | 2,290.23 | -1.80% | | China (Hang Seng) | 17,994.29 | -0.85% | | India (SENSEX) | 58,489.92 | -1.07% | *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 rose on Thursday as investors remain concerned about Russian oil supplies. - Both Brent crude and U.S. West Texas Intermediate crude gained 0.8% on the day.
- Russia is moving forward with the largest conscription effort since WWII, triggering fears that the war in Ukraine could further intensify, which would have a negative effect on oil supply.
- Oil demand in China appears to be increasing, which is a positive sign for the oil markets.
| Oil (NYSEARCA:OIL) | 29.86 | 0.51% | | Gold (NYSEARCA:GLD) | 155.70 | -0.06% | | Silver (NYSEARCA:SLV) | 18.09 | 0.17% | | Corn (NYSEARCA:CORN) | 27.42 | 0.22% | | Lumber (NASDAQ:WOOD) | 68.16 | -0.53% | *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 Index hit a new 20-year high again on Thursday as the Dollar continues to strengthen after the Federal Reserve signaled that it plans to continue hiking interest rates. - The Yen was up significantly as the Japanese government artificially intervened to raise the currency's value.
- This is the first time since 1998 that the Japanese government has manipulated the market for the Yen.
- The Yen was at a 24-year low against the U.S. Dollar before the intervention.
| UK(GBP) | £0.89 | 0.19% | | Europe (EURO) | €1.02 | 0.04% | | Canada (Canadian Dollar) | $1.35 | 0.06% | | Japan (Yen) | ¥142.17 | -1.48% | *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 on Thursday as it moved back into a safer trading territory, bouncing from the $18,000 support level. - Ethereum was also up on Thursday, although it failed to keep pace with the rise in Bitcoin.
- Ethereum has been very volatile, with its price swinging by 14% on Thursday.
- Trading volumes in the cryptocurrency markets have been lower since the Merge.
| Bitcoin | $19,446.90 | 5.32% | | Ethereum | $1,348.70 | 1.56% | | Litecoin | $54.53 | 1.81% | | Bitcoin Cash | $119.60 | 9.74% | *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 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. | |
DoiT's intelligent technology portfolio provides you with the power to simplify and automate the way you manage your cloud — all at no extra cost. | |
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