US Markets Stock futures rose overnight after the markets fell on Monday. - Stocks were up slightly on Monday morning but fell after Amazon announced plans to lay off 10,000 people.
- Walmart and Home Depot will release earnings today, which will give insights into the health of the retail industry.
- The current 10 Year U.S. Treasury yield is set at 3.87320%
| Dow Jones | 33,536.70 | -0.63% | | S&P 500 | 3,957.25 | -0.89% | | Nasdaq | 11,196.22 | -1.12% | | Russell 2000 | 1,861.25 | -1.14% | *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 Ontario has cut its deficit forecast for the fiscal year 2022-2023. - Inflation has caused a boost to both individual and corporate tax revenue for the province.
- Canada's largest province expects to have a deficit of $12.9B by March 31, 2023, $7B less than the forecast it issued at the start of the fiscal year.
- The province expects to have a revenue of $186.8B and is set to spend $198.8B.
*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 suffered losses overnight after rising slightly on Monday. - The Stoxx 600 was up 0.1% on Monday, led by technology stocks, which gained 1%, while travel stocks fell by 1.3%.
- Germany's DAX stock market index has gained 20% since reaching a two-year low in September.
- Rheinmetall, a German arms manufacturer, was up 8.2% on the day, making it the best-performing stock in Europe, after the company announced that it would take over Spain's Expal systems.
| Euro STOXX 50 | 3,887.51 | 0.49% | | UK (FTSE 100) | 7,385.17 | 0.92% | | Germany (DAX) | 14,313.30 | 0.62% | | France (CAC 40) | 6,609.17 | 0.22% | *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 down slightly on Tuesday morning following a meeting between President Biden and President Xi. - Japan's GDP contracted 1.2% from July to September, more than the 1.1% expected.
- President Biden objected to China's aggressive approach to maintaining control over Taiwan.
- China's decision to ease some "Zero Covid" measures is still creating positive momentum.
| S&P Asia 50 | 4,141.75 | 0.92% | | Japan (Nikkei 225) | 27,963.53 | 0.00% | | South Korea (KOSPI) | 2,481.43 | 0.27% | | China (Hang Seng) | 17,619.71 | 1.70% | | India (SENSEX) | 61,624.15 | -0.28% | *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 dropped on Monday after gaining earlier in the day as a surge in COVID-19 cases in several Chinese cities negatively impacted markets. - Brent crude was down 3.6% on the day, with West Texas Intermediate Crude falling 4.3%.
- The U.S. Dollar stabilized after falling late last week, which put downward pressure on oil prices.
- U.S. Treasury Secretary Janet Yellen said that India will be allowed to continue buying Russian oil at any price as long as it doesn't use insurance, finance, or maritime services from countries that are bound by a G-7 price cap on Russian oil.
| Oil (NYSEARCA:OIL) | 31.28 | -4.02% | | Gold (NYSEARCA:GLD) | 164.92 | 0.22% | | Silver (NYSEARCA:SLV) | 20.24 | 1.45% | | Corn (NYSEARCA:CORN) | 26.22 | -0.64% | | Lumber (NASDAQ:WOOD) | 76.09 | -0.99% | *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 rose on Monday after a steep decline last week. - The Euro saw gains during Asian trading hours before falling during European and North American trading hours.
- The British Pound was down after gaining over 4% in the last two days of last week.
- The Yuan saw gains after Chinese equities rose on Monday.
| UK(GBP) | £0.85 | 0.78% | | Europe (EURO) | €0.97 | 0.51% | | Canada (Canadian Dollar) | $1.33 | 6.05% | | Japan (Yen) | ¥140.47 | 1.19% | *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 Most cryptos have stabilized following a downfall last week caused largely by the FTX bankruptcy. - Solana Foundation has revealed that it was heavily invested in FTX, which has caused SOL to fall by 56% in the last seven trading days.
- Visa has officially ended its partnership with FTX, which would have seen crypto debit cards released in 40 cities.
- Bitfarms has paid down $27M in debt as crypto companies attempt to limit their liabilities and improve liquidity.
| Bitcoin | $16,546.70 | -1.38% | | Ethereum | $1,238.71 | 1.50% | | Litecoin | $56.80 | -0.84% | | Bitcoin Cash | $102.48 | -0.05% | *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. | |
With 150+ countries right at your fingertips, growing your team with Deel is easier than ever. | |
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