Market Outlook 🚀 - Futures Flat

Dogecoin rising

Inside.com Part of   Network November 01, 2022

Presented by

US Markets Stock futures are flat overnight after a negative day for U.S. markets on Monday. Uber, Pfizer, Fox, AMD, and Airbnb will report their earnings today.  The Federal Reserve will start its November meeting today and is expected to announce a 75-basis point interest rate hike by the end of the week.  The current 10 Year U.S. Treasury yield is set at 4.05020% Dow Jones  32,732.95 -0.39% S&P 500  3,871.98 -0.75% Nasdaq  10,988.15 -1.03% Russell 2000 1,846.86 0.00% *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 APIS COR Invest early in an industry disruptor today.  Apis Cor is an American construction technology company revolutionizing construction with advanced robots.  Apis Cor is bringing automation to expand the construction industry, utilizing robotic construction technologies that increase productivity to reach this goal.  With 117 Letters of Intent to lease our fourth-generation 3D printing technology from home builders across the country, we are preparing to scale manufacturing of our machines to meet demand and begin delivering units to builders starting in 2023.   It isn’t sci-fi, it’s happening today. After years of extensive experience, Apis Cor has successfully deployed its proven tech to 3D print the Guinness World Record’s largest 3D-printed building on Earth, America’s first commercially permitted building (in Boca Chica, TX) and won top awards at NASA’s Centennial Challenge.  More than 450 people have already invested in Apis Cor and joined us as we disrupt the construction industry. Will you? Invest Now

Canadian Markets According to a survey by Nanos Research, confidence in personal finances is at its lowest level since the 2008 recession.  47% of Canadians say that their finances have declined in the last year.  13% said their finances improved in the last year.  64% expect the Canadian economy to worsen in the next six months.  9% believe that the Canadian economy will improve in the next six months. 40% of Canadians anticipate that home prices will fall over the next six months.  13% are concerned about losing their job in the short term.  TSX  19,426.14 -0.23% *Canadian stock prices are as of the last close. Data received directly from the references indexes through ICE Data Services

A message from CONSTRUCTOR It’s retail Q4… What are analysts predicting for commerce tech in 2023? How can retailers and brands leverage these findings to optimize the consumer experience amidst a recession?  On Wednesday, November 9, at 11 a.m. ET, join Constructor, product search and discovery solution, and special guest Emily Pfeiffer, Principal Analyst for Commerce Technology at Forrester Research, to review her predictions for ecommerce tech in 2023.  You will learn: The top 5 tech trends Forrester predicts for 2023 that will impact bottom-line How Forrester evaluates and recommends commerce tech vendors  Consumer trends impacting Forrester’s predictions How to prioritize and invest in new ecommerce solutions Save Your Spot

European Markets European markets rose on Monday after new data showed that inflation in the Eurozone hit a new high in October.  The Stoxx 600 was up 0.4%, with travel and leisure stocks leading the markets, gaining 1.5%.  Retail stocks were the worst performing, as they fell by 0.5% on the day.  The Stoxx 600 gained 6% in October.  Euro STOXX 50  3,617.54 0.13% UK (FTSE 100)  7,094.53 0.66% Germany (DAX)  13,253.74 0.08% France (CAC 40) 6,266.77 -0.10% *European stock prices are as of 7 am ET. Data received directly from the reference indexes through ICE Data Services.

Asian Markets Stocks in Asia rose slightly on Monday and Tuesday morning.  Stocks in Australia were down slightly as analysts now expect that the Reserve Bank of Australia will raise interest rates by 25 basis points.  The manufacturing PMI in China was at 49 in October, meaning that manufacturing activity is contracting.  The Japanese government has spent $42.7B to prop up the value of the Japanese Yen in the last month.  The Hang Seng lost 37.1% in October.  S&P Asia 50 3,505.92 0.78% Japan (Nikkei 225) 27,600.48 0.05% South Korea (KOSPI) 2,308.75 0.66% China (Hang Seng) 14,687.02 -1.18% India (SENSEX) 60,746.59 1.31% *Asian stock prices are as of 7 am ET. Data received directly from the reference indexes through ICE Data Services.

Commodities Oil prices were down on Monday as investors were concerned about the decline in Chinese manufacturing.  Brent crude lost 1% on the day, while U.S. West Texas Intermediate dropped 1.9%.  Oil output in the U.S. has increased to 12 million barrels per day, a pandemic record.  The U.S. government released another 1.9 million barrels from the Strategic Petroleum Reserve.  Oil (NYSEARCA:OIL) 31.08 -1.65% Gold (NYSEARCA:GLD) 151.91 -0.82% Silver (NYSEARCA:SLV) 17.62 -0.68% Corn (NYSEARCA:CORN) 27.41 1.18% Lumber (NASDAQ:WOOD) 70.39 -1.61% *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 up on Monday, gaining against all major currencies except for the Canadian Dollar.  Eurozone inflation hit 10.7% in October, a 40-year high, which caused the Euro to fall.  The Real in Brazil was down after President Jair Bolsonaro was defeated in a run-off election.  The Bank of England will meet on Thursday and is expected to raise rates by another 75 basis points.  UK(GBP) £0.87 1.15% Europe (EURO) €1.01 0.79% Canada (Canadian Dollar) $1.36 -0.21% Japan (Yen) ¥148.73 0.87% *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.

Cryptocurrency Doge was the best-performing altcoin, gaining 8% as it continued to surge following Elon Musk's acquisition of Twitter.  Bitcoin was down slightly but remained relatively stable over the past week.  Trading volumes were slightly lower for all cryptos on Monday.  Ether was up 16% last week, its biggest weekly gain since July.  Bitcoin $20,463.10 -1.72% Ethereum $1,570.85 -1.26% Litecoin $55.02 -0.67% Bitcoin Cash $115.34 -2.67% *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.

Want to invest early in the future of a 16 trillion-dollar market?

Constructor is the company building revenue-driving on-site search and discovery solutions for digital merchandisers.

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.