Market Outlook 🚀 - Stock Markets Fall

US jobs report better than expected

Inside.com Part of   Network October 10, 2022

Presented by

U.S. Markets Stocks were down significantly on Friday as markets reacted negatively to the September jobs report. The numbers show that unemployment is falling, which led investors to believe that the Federal Reserve will continue to hike interest rates, negatively impacting the stock market. The unemployment rate was down from 3.7% in August to 3.5% in September, with 263,000 jobs added to the economy.  The 2-year treasury yield jumped by six basis points amid the expectation of future interest rate hikes. The current 10 Year U.S. Treasury yield is set at 3.88950% Dow Jones  29,296.79 -2.11% S&P 500  3,639.66 -2.80% Nasdaq  10,652.40 -3.80% Russell 2000 1,702.15 -2.87% *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.

A message from IMPACT Discover untold treasures in 7 successful influencer stories Follow 7 successful brands through their influencer marketing strategy from start to finish. They share what went right, what they learned, and how using impact.com supported their strategy. Hear from brands about: Choosing the right influencers Creating the goals and KPI’s Tracking and communicating Finding real ROI Learning from their mistakes Get started on your journey with this guide Read the ebook

Canadian Markets Canada added 21,000 jobs in September, more than the 20,000 expected by economists, Statistics Canada said on Friday. The unemployment rate fell from 5.4% in August to 5.2% in September.  The number of hours worked by the average employee, however,  fell by 0.6%.  The two-year yield on Canadian bonds increased by four basis points in response to the news as the stock market also fell.  TSX  18,583.13 -2.09% *Canadian stock prices are as of the last close. Data received directly from the references indexes through ICE Data Services

A message from NORTHBEAM Stop wondering what ads are working and start scaling your ecommerce business. 🚀🚀🚀 Northbeam uses the world’s best first-party data attribution to show you the true impact of your marketing spend.  Discover what channels, campaigns and creatives are actually driving revenue. Northbeam is more than an attribution platform - it’s your guide to profitable growth.  Here’s why hundreds of brands use Northbeam as the backbone of their digital marketing: 🛰 All your channels, touchpoints and conversions tracked in one self-service platform 🦾 Powerful machine learning models clean, map and analyze your ad data to identify growth opportunities  🚀 KPIs and benchmark targets that will actually grow your business profitably 🧠 Built by data scientists, media buyers, and marketers with decades of experience scaling brands So what are you waiting for? Schedule a demo and see what you could achieve with Northbeam.  see Northbeam in action

European Markets Stocks in Europe lost ground on Friday after a downward move following the publication of the U.S. jobs report. The Stoxx 600 lost 1.1%. Every sector in the index finished the day in the red aside from oil and gas, which gained 1.1%.  Tech stocks were the worst performing, losing 4.2% on the day. Tech companies are often impacted by higher interest rates as they need loans to invest in research and development.  Credit Suisse gained 6% after offering a $3B buyback.  Euro STOXX 50  3,375.46 -1.69% UK (FTSE 100)  6,991.09 -0.09% Germany (DAX)  12,273.00 -1.59% France (CAC 40) 5,866.94 -1.17% *European stock prices are as of 7 am ET. Data received directly from the reference indexes through ICE Data Services.

Asian Markets Shares in Asia were down on Friday, but since markets closed before the U.S. jobs report, they could react on Monday morning.  The jobs report and further Fed rate hikes would speed up the devaluation of Asian currencies relative to the U.S. Dollar.  Stocks in all major Asian markets were down on Friday. Tech stocks in Japan, South Korea, and Hong Kong led losses in those markets.  Markets in mainland China and India were closed on Friday for national holidays.  S&P Asia 50 3,998.32 -1.81% Japan (Nikkei 225) 27,116.11 -0.71% South Korea (KOSPI) 2,232.84 -0.22% China (Hang Seng) 17,740.05 -1.51% India (SENSEX) 58,191.29 -0.05% *Asian stock prices are as of 7 am ET. Data received directly from the reference indexes through ICE Data Services.

Commodities Gold prices fell in response to the U.S. jobs report. Spot gold lost 0.9%, and U.S. gold futures slipped 1%.  Before Friday, gold had gained 2% on the week.  Silver fell 2.7% on Friday after gaining 6.5% in the first four days of the week.  Platinum (-1.1%) and Palladium (-3.1%) were also down on Friday.  Gold (NYSEARCA:GLD) 157.88 -1.10% Silver (NYSEARCA:SLV) 18.50 -2.84% Corn (NYSEARCA:CORN) 27.36 1.00% Lumber (NASDAQ:WOOD) 66.35 -1.72% *Commodity prices are as of 7 am ET. Data from MarketWatch. To understand why investors track the prices of these commodities, click here.

Commodities Oil prices continued to climb on Friday after OPEC+ announced plans to lower production targets by 2 million barrels per day.  Brent gained 3.7%, and U.S. West Texas Intermediate crude rose 4.7% on the day.  U.S. heating oil futures were up 18% on the week, putting additional pressure on the government to lower prices before winter.  In the EU, there are now disagreements over the Russian oil cap as many countries are struggling to meet energy demand amid falling temperatures.  Oil (NYSEARCA:OIL) 32.56 2.77% *Commodity prices are as of 7 am ET. Data from MarketWatch. To understand why investors track the prices of these commodities, click here.

Currency Exchange Rates The U.S. Dollar was flat over the weekend after gaining on Friday, following the publication of the U.S. jobs report.  The Dollar gained 0.7% against the Chinese Yuan on Friday.  The U.S. Dollar Index rose 0.6% on Friday and is up 18% in 2022.  Analysts believe that the Federal Reserve will continue with its plan to raise interest rates to 4.5% by 2023.  UK(GBP) £0.90 0.07% Europe (EURO) €1.03 0.00% Canada (Canadian Dollar) $1.37 -0.03% Japan (Yen) ¥145.37 -0.02% *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.

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.

The most powerful affiliate management platform.

Unlock profitable growth. Get Northbeam and discover the true impact of your marketing spend.

767 Bryant St. #203, San Francisco, CA 94107 Copyright © 2022 Inside.com

Did someone forward this email to you? Head over to inside.com to get your very own free subscription! You received this email because you subscribed to Inside Business. Click here to unsubscribe from Inside Business list or manage your subscriptions.