US Markets Stock futures are up overnight, continuing the positive momentum after rising on the first day of trading for Q4 2022. - The S&P 500 (0.5%), the Nasdaq (0.75%), and the Dow (0.4%) are all expected to see gains when they open for trading.
- Monday was the best day for the Dow since June 24, with the S&P 500 having its best day since July 27.
- Today, markets will likely be impacted by data from the Bureau of Labor Statistics, which will release Job Opening and Labour Turnover numbers.
- The current 10 Year U.S. Treasury yield is set at 3.64680%
| Dow Jones | 29,490.89 | 2.66% | | S&P 500 | 3,678.43 | 2.59% | | Nasdaq | 10,815.44 | 2.27% | | Russell 2000 | 1,708.87 | 2.65% | *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 Consumer confidence in Canada fell in September and is near record lows as Canadians continue to be concerned about the global economy's health. - Only 14% of Canadians think the economy will improve in the next few months, according to the Bloomberg Nanos Canadian Confidence Index.
- The index is currently at 46.5. Before 2022, it had only been below 50 at the start of the pandemic in 2020 and during the Great Recession in 2008 and 2009.
- 26% of Canadians expect house prices to increase in the next six months.
- Confidence seemed to be recovering in the summer, but in Canada, the U.S., and the EU it appears that the downturn in markets and continued high inflation have caused sentiment to fall again.
*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 Stocks in Europe were up on Monday but the market volatility from last week continued during the trading session. - The Stoxx 600 was down 1.4% on Monday morning before rebounding to gain 0.7% on the day.
- Oil and gas stocks led gains with a 3.1% rise, while food and beverage stocks were the worst-performing as they fell 1.2%.
- Credit Suisse lost 5% over concerns about the firm's liquidity. Just Eat Takeaway dropped 5.9%, and Accelleron slumped 14% and was the worst-performing stock in the Stoxx 600 on its market debut.
| Euro STOXX 50 | 3,342.17 | 0.72% | | UK (FTSE 100) | 6,908.76 | 0.22% | | Germany (DAX) | 12,209.48 | 0.79% | | France (CAC 40) | 5,794.15 | 0.55% | *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 up on Tuesday morning after rising on Monday. - South Korea's Kospi was up almost 2% in the first hour of trading after being closed on Monday for a national holiday.
- Stocks in Australia gained 2.5% on Tuesday morning, ahead of an expected interest rate hike by the Reserve Bank of Australia.
- Stock Exchanges in China (including Hong Kong) are closed for a national holiday.
| S&P Asia 50 | 3,859.40 | 0.21% | | Japan (Nikkei 225) | 26,812.24 | 2.28% | | South Korea (KOSPI) | 2,198.89 | 2.01% | | China (Hang Seng) | 17,079.51 | -0.83% | | India (SENSEX) | 56,788.81 | -1.11% | *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 Commodity prices increased significantly on Monday as investors, particularly short-term investors, bought oversold assets. - Spot gold was up 2.4%, while U.S. gold gained 2.2%.
- Silver had its best day since 2008, gaining over 9% to hit its higher mark in over two months.
- Palladium rose 2.8% and Platinum gained 4.9% as they also benefited from the market upswing.
| Gold (NYSEARCA:GLD) | 158.43 | 2.43% | | Silver (NYSEARCA:SLV) | 19.10 | 9.14% | | Corn (NYSEARCA:CORN) | 27.13 | 0.33% | | Lumber (NASDAQ:WOOD) | 67.47 | 3.12% | *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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Oil Oil prices gained over 4% on Monday as OPEC+ is considering one of the most significant production cuts since the start of the pandemic. - Under the proposal, OPEC+ countries would cut output by over 1 million barrels per day.
- Brent crude gained 4.4% on the news, while U.S. West Texas Intermediate crude rose 5.2%.
- U.S. stockpiles are expected to have increased in the past week, but data to be released later this week will show whether the U.S. is in a good position to handle the supply decrease.
| Oil (NYSEARCA:OIL) | 29.58 | 4.52% | *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 as foreign markets surged, causing the dollar to fall relative to other currencies. - The British Pound was up as the U.K. canceled its plan to remove the top income tax bracket and the country's finance minister said he is working on a plan to reduce the national debt.
- The Japanese Yen was down as the Japanese government hinted at another potential intervention to stabilize the currency.
- The Euro rose despite data showing that manufacturing dropped in the Eurozone in September.
| UK(GBP) | £0.88 | -1.33% | | Europe (EURO) | €1.02 | -0.24% | | Canada (Canadian Dollar) | $1.36 | -1.48% | | Japan (Yen) | ¥144.87 | 0.09% | *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. | |
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