US CPI figures due out today
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US Markets Stock futures were flat overnight after a positive start to the week for U.S. equities. - The Consumer Price Index will be released this morning and investors expect to see a lower inflation rate.
- CPI data will likely influence the Fed's next interest rate decision this week.
- The current 10 Year U.S. Treasury yield is set at 3.60190%
| Dow Jones | 34,005.04 | 1.58% | | S&P 500 | 3,990.56 | 1.43% | | Nasdaq | 11,143.74 | 1.26% | | Russell 2000 | 1,818.61 | 1.22% | *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 VESTABOARD Vestaboard helps boost company culture and marketing for the Olyer Hines group of Coldwell Banker. The Oyler Hines group of Coldwell Banker Realty installed a Vestaboard to welcome clients into their office and create a lively company culture. “Vestaboard is a great way to reinforce what we’re all thinking or lighten the mood,” says Oyler Hines Co-Founder Michael Hines. Vestaboard allows the Oyler Hines office to stay in sync. “We absolutely love the flexibility because we can have different messages go in at different times. It’s so easy to control it from the app,” Scott continues. Not only do they use it in the office, they also use it for their own marketing. Oyler Hines Co-Founder Scott Oyler says Vestaboard makes it easy for them to convey their message to anyone. “We do a lot of video marketing, and with Vestaboard and the way it flips, it looks really, really cool,” adds Scott. See Vestaboard in action
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Canadian Markets Statistics Canada released new data regarding the household debt-to-income ratio. - The data shows that personal debt rose in Canada in Q3, with CA$1.83 in debt for every dollar of disposable income.
- In Q2, there was CA$1.82 in debt per dollar of disposable income, and in Q3 2021, there was CA$1.77, showing a gradual upward trend over the last year.
- Overall in Q3, household debt was up by 1.2% while disposable income rose 0.8%; that difference accounts for the rise in the debt-to-income ratio.
*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 fell on Monday as investors await central bank announcements later this week. - The Stoxx 600 lost 0.4%. Mining stocks led losses with a 1.6% drop.
- The only sector that finished in the green was oil and gas, which gained 0.3%.
- The Federal Reserve, Bank of England, European Central Bank, and the Swiss National Bank will all make monetary policy decisions this week.
| Euro STOXX 50 | 3,921.82 | -0.53% | | UK (FTSE 100) | 7,445.97 | -0.41% | | Germany (DAX) | 14,306.63 | -0.45% | | France (CAC 40) | 6,650.55 | -0.41% | *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 mixed on Monday and early Tuesday morning. - Business sentiment in Australia turned negative in November for the first time in 11 months.
- The Bank of Korea will share the minutes from its November meeting today, providing insights into future monetary policy.
- India registered an annual inflation rate of 5.88% last month, an 11-month low.
| S&P Asia 50 | 4,518.87 | -1.07% | | Japan (Nikkei 225) | 27,952.84 | 0.40% | | South Korea (KOSPI) | 2,377.43 | 0.19% | | China (Hang Seng) | 19,682.09 | 1.12% | | India (SENSEX) | 62,130.57 | -0.08% | *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 rose on Monday amid concerns about supply. - The Keystone pipeline remains closed in the U.S. and Russia is threatening to cut production, which would cause prices to rise.
- China's decision to ease "Zero Covid" restrictions is expected to cause an increase in demand for oil.
- Brent crude gained 2.5% and U.S. West Texas Intermediate rose 3%.
| Oil (NYSEARCA:OIL) | 27.86 | 2.30% | | Gold (NYSEARCA:GLD) | 165.68 | -0.83% | | Silver (NYSEARCA:SLV) | 21.46 | -0.46% | | Corn (NYSEARCA:CORN) | 26.06 | 1.24% | | Lumber (NASDAQ:WOOD) | 76.23 | -0.12% | *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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Currency Exchange Rates The U.S. Dollar rose on Monday ahead of the Federal Reserve's meeting later this week. - The Consumer Price Index due out today will significantly impact the dollar as it will indicate if the Fed is likely to continue with aggressive interest rate hikes.
- The U.S. Dollar Index was up 0.2% on Monday.
- The Chinese Yuan was down on the day due to concerns that Covid cases could spike in the country following the relaxation of "Zero Covid" restrictions.
| UK(GBP) | £0.81 | -0.18% | | Europe (EURO) | €0.95 | -0.02% | | Canada (Canadian Dollar) | $1.36 | -0.77% | | Japan (Yen) | ¥137.61 | 0.76% | *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 FTX founder Sam Bankman-Fried was arrested last night in the Bahamas after criminal charges were filed against him in the U.S. - The indictment was sealed but was filed in the Southern District of New York.
- He is expected to be extradited to the U.S., where he will face charges based on that indictment. This is the first regulatory action against a member of FTX following the firm's collapse.
- The charges are numerous and include money laundering, securities fraud, and wire fraud.
- Bankman-Fried was supposed to testify before the House Financial Services Committee today but will not appear due to the arrest.
- The SEC filed a complaint against Bankman-Fried today.
| Bitcoin | $17,150.70 | 0.21% | | Ethereum | $1,270.39 | 0.59% | | Litecoin | $77.11 | 0.78% | | Bitcoin Cash | $105.84 | -3.01% | *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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