US Markets Stocks closed nearly flat on Friday after taking a dip earlier in the session following the release of higher-than-expected labor figures in the morning. - All three major indexes were up on the week. The Nasdaq rose 2.1%, the S&P 500 gained 1.1%, and the Dow was up 0.2%.
- However, they were mostly flat on Friday, when the Nasdaq lost 0.2% and the S&P 500 and the Dow both fell 0.1%.
- The unemployment rate was steady at 3.7% in November, and wages rose 0.6% compared to a month earlier.
- The current 10 Year U.S. Treasury yield is set at 3.53440%
| Dow Jones | 34,429.88 | 0.10% | | S&P 500 | 4,071.70 | -0.12% | | Nasdaq | 11,461.50 | -0.18% | | Russell 2000 | 1,892.84 | 0.59% | *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 The unemployment rate in Canada decreased to 5.1% in November, from 5.2% a month earlier, as the labor market remains strong. - The economy added 108,000 jobs in October and 10,000 in November.
- Statistics Canada said that the employment rate of women aged 25 to 54 reached 81.6% in November, a record high.
- Wages were up 5.6% year over year in November, which is below the annual inflation rate of 6.9%.
*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 European markets were down on Friday as investors continued to react to Covid related news in China and the release of positive employment data in North America. - The Stoxx 600 lost 0.2% on the day, with declines led by oil and gas stocks, which dropped 1.1%.
- The retail sector led gains with a 0.7% increase.
- Hexatronic, a Swedish fiber optic firm, was the best-performing stock, gaining 8%, after announcing plans to acquire KNET, a telecommunications firm.
| Euro STOXX 50 | 3,977.90 | -0.17% | | UK (FTSE 100) | 7,556.23 | -0.03% | | Germany (DAX) | 14,529.39 | 0.27% | | France (CAC 40) | 6,742.25 | -0.17% | *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 Markets in Asia were down on Friday amid ongoing uncertainty about China's plans to ease Covid restrictions as cases continue increasing in the country. - The Economist Intelligence Unit published its Cost of Living Survey, which ranks Singapore and New York as the world's most expensive cities.
- S&P and Morgan Stanley believe that India will be the world's third-largest economy by 2030, overtaking Japan and Germany.
- South Korea recorded an inflation rate of 5% in November, slightly below expectations.
| S&P Asia 50 | 4,423.85 | -0.57% | | Japan (Nikkei 225) | 27,777.90 | -1.59% | | South Korea (KOSPI) | 2,434.33 | -1.84% | | China (Hang Seng) | 18,675.35 | -0.33% | | India (SENSEX) | 62,868.50 | -0.66% | *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 decreased on Friday, ahead of the EU's Russian crude ban coming into effect today. - Brent crude and U.S. West Texas Intermediate crude both lost 1.5%.
- On the week, Brent was up 2.5% and U.S. West Texas Intermediate gained 5%.
- Russian oil output is expected to decline by 500,000 to 1 million barrels per day in 2023 due to the EU's ban.
| Oil (NYSEARCA:OIL) | 30.33 | -1.01% | | Gold (NYSEARCA:GLD) | 167.26 | -0.35% | | Silver (NYSEARCA:SLV) | 21.29 | 1.48% | | Corn (NYSEARCA:CORN) | 25.85 | -1.26% | | Lumber (NASDAQ:WOOD) | 76.57 | -0.43% | *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 Friday as Federal Reserve officials again indicated that rate hikes will likely decline. - The U.S. Dollar Index lost 0.19% on the day.
- The Fed is currently expected to raise interest rates by 50 basis points at its next meeting.
- The Personal Consumption Expenditures Price Index rose 0.3% in September.
| UK(GBP) | £0.81 | -0.31% | | Europe (EURO) | €0.95 | -0.09% | | Canada (Canadian Dollar) | $1.35 | 0.48% | | Japan (Yen) | ¥134.32 | -0.63% | *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 Crypto markets were flat over the weekend after suffering from volatility on Friday. - Celsius has started putting assets up for sale after filing for bankruptcy over the summer.
- $35.6 million in capital has been seized from Three Arrows Capital's accounts in Singapore after the firm entered liquidation with $3.5B in debt.
- Hackers took $15M from Helio on Friday, only hours after Ankr was attacked, with $5M taken.
| Bitcoin | $16,934.90 | -0.14% | | Ethereum | $1,263.71 | -2.46% | | Litecoin | $75.92 | -2.59% | | Bitcoin Cash | $110.90 | 0.46% | *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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