US Markets Stocks were down on Monday after a volatile trading session to start the holiday-shortened week. - Disney shares rose 6.3% on the news that Bob Iger will return to the company as CEO.
- Apple has delayed deliveries of the new iPhone 14 Pro and 14 Pro Max phones.
- The current 10 Year U.S. Treasury yield is set at 3.81850%
| Dow Jones | 33,700.28 | -0.13% | | S&P 500 | 3,949.94 | -0.39% | | Nasdaq | 11,024.51 | -1.09% | | Russell 2000 | 1,839.14 | -0.57% | *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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 A message from TALAERA Effective multicultural teams need strong cross-cultural communication skills. A recent study reported by the Harvard Business School shows 89% of employees work on at least one global team. Moreover, 62% have colleagues from three or more cultures. This means that cross-cultural competence is essential for multicultural teams to thrive. Cultural intelligence is about being aware, prepared, and open-minded. It’s about making an effort to understand the culture of our business partners or coworkers. But also about being OK with ambiguity. Join Talaera’s communication experts on December 5th at 11 am ET for a live webinar packed with advice and examples to work more efficiently across cultures. From increasing your cultural intelligence to integrating cultural differences in the workplace, both managers and individuals will learn how to: - Ensure seamless communication across global (remote) teams
- Build stronger relationships across cultures
- Bridge language and culture gaps to better meet business demands
Save your free spot
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Canadian Markets Monthly rent in Canada increased by 12% on average from October 2021 to October 2022. - House rent rose 2.2% from September despite declining house prices.
- Rental prices were the highest in Vancouver, with the average at $2,576, followed by Toronto at $2,478.
- Prices in Vancouver have declined slightly in the past two months, while those in Atlantic Canada are rising the most, gaining 32.2% in the last year.
*Canadian stock prices are as of the last close. Data received directly from the references indexes through ICE Data Services
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 A message from LAIKA If you’re trying to close deals, SOC 2 is probably a thorn in your side. What is it, and who cares? Your business needs SOC 2. But building compliance from scratch is complicated, time-consuming, and the cost can be crippling. Laika has you covered. Uncomplicate SOC 2 with our guide for growth-minded founders. In the guide by Laika you’ll learn: - What is SOC 2 compliance and why it matters for your startup
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European Markets European markets were down slightly on Monday due to continued inflationary pressures. - The Stoxx 600 fell 0.01%. Oil and gas stocks led losses with a 2.6% drop.
- Food and beverage was one of the few sectors to gain on the day, rising 1.3%.
- Virgin Money was the top-performing company. It gained 15% after announcing higher-than-expected profits and a share buyback program.
| Euro STOXX 50 | 3,911.17 | -0.35% | | UK (FTSE 100) | 7,376.85 | -0.12% | | Germany (DAX) | 14,379.93 | -0.36% | | France (CAC 40) | 6,634.45 | -0.15% | *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 Shares in Asia were down on Monday due to concerns about the ongoing COVID-19 surge in China. - Stocks in China were down across the board. The Hang Seng fell 2.02%, the Shanghai Composite lost 0.39%, and the Shenzhen dropped 0.4%.
- Malaysia had an election last weekend, which has led to a hung parliament and some political instability.
- Airlines and casino operators were the worst-performing stocks in China, while beer companies fell significantly in Malaysia.
| S&P Asia 50 | 4,190.93 | -1.90% | | Japan (Nikkei 225) | 27,944.79 | 0.16% | | South Korea (KOSPI) | 2,419.50 | -1.02% | | China (Hang Seng) | 17,655.91 | -1.87% | | India (SENSEX) | 61,144.84 | -0.84% | *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 were volatile on Monday amid fears that COVID-19 outbreaks will put downward pressure on China's oil demand. - Brent lost 0.39%, while U.S. West Texas Intermediate dropped 0.42%.
- Goldman Sachs has cut its forecast for oil prices due to the lack of clarity by G-7 nations on a Russian oil price cap.
- Early in the day, oil prices dropped by over 5% after it was reported that OPEC+ would be increasing production.
| Oil (NYSEARCA:OIL) | 29.96 | -0.10% | | Gold (NYSEARCA:GLD) | 161.88 | -0.56% | | Silver (NYSEARCA:SLV) | 19.20 | -0.26% | | Corn (NYSEARCA:CORN) | 26.34 | -0.79% | | Lumber (NASDAQ:WOOD) | 75.19 | -0.32% | *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 as it continues to recover from the losses it suffered two weeks ago, following the release of positive inflation data. - A Federal Reserve Governor said that the U.S. central bank may push the overnight lending rate, which is now at between 3.75% and 4%, to over 5% to fight inflation.
- The U.S. Dollar Index has lost more than 4.7% so far this month but has gained over 12% in the past year.
| UK(GBP) | £0.85 | 0.55% | | Europe (EURO) | €0.98 | 1.02% | | Canada (Canadian Dollar) | $1.34 | 0.30% | | Japan (Yen) | ¥142.12 | 1.26% | *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 down to a 1.5-year low on Monday as the industry as a whole fell significantly. - FTX's new CEO John Ray said that the company will either restructure its global entities or sell off business assets.
- Blockchain data shows that 180,000 ETH was moved after being stolen from FTX.
- According to a new estimate by blockchain analytics firm IntoTheBlock, 51% of all Bitcoin addresses are currently at a loss (in U.S. Dollars).
| Bitcoin | $15,623.00 | -6.35% | | Ethereum | $1,096.08 | -3.86% | | Litecoin | $60.28 | -2.74% | | Bitcoin Cash | $102.31 | -2.23% | *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. | |
Talaera is a tech-enabled, on-demand platform for professional English and culture training. | |
Laika is a unified compliance platform that automates workflows for audits, infosec monitoring, and vendor due diligence in a single, collaborative space. | |
