US Markets Stock futures were flat overnight after stock prices rose on Thursday. - Yesterday's gains broke a five-day losing streak for the S&P 500, the longest downturn in over a month.
- Despite the rise, the Nasdaq is down 3% this week, the S&P 500 has lost 2.6%, and the Dow has fallen by 1.8%.
- The current 10 Year U.S. Treasury yield is set at 3.48740%
| Dow Jones | 33,781.48 | 0.55% | | S&P 500 | 3,963.51 | 0.75% | | Nasdaq | 11,082.00 | 1.13% | | Russell 2000 | 1,818.29 | 0.63% | *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 SEGMENT Segment is now free for Startups! Segment helps over 15,000 startups get analytics right. We collect, unify and send data to all of the tools you use, giving you consistent data, everywhere. - Collect: Use our analytics API to collect data across web (Javascript), mobile (SDK) and server-side data sources.
- Send: Send that data to 300+ destinations, including data warehouses, analytics & BI, marketing platforms, A/B testing, and more.
- Send data to new tools with the flip of a switch, no implementation required.
- Keep your engineers working on core product, not integrations or internal requests.
Qualifying companies get $50,000 in Segment credits for up to 2 years! See if you qualify for our startup program. Apply Now 
| |
Canadian Markets The Bank of Canada said it will continue to take aggressive interest rate decisions and that future moves will depend on new economic data. - Deputy Governor Sharon Kozicki said that if the economy is doing well, the bank will fight inflation more forcefully.
- The Bank of Nova Scotia blames rising inflation on excess demand created by pandemic-era support programs.
- The Bank of Canada raised rates again on Wednesday, for the seventh time this year.
*Canadian stock prices are as of the last close. Data received directly from the references indexes through ICE Data Services
| |
European Markets European markets were down overall on Thursday but some sectors saw gains. - The Stoxx 600 fell by 0.2% on the day, with almost all sectors finishing in the red with slight losses.
- Retail stocks dragged down markets, losing 1.2%, while mining stocks led gains with a 1.2% increase.
- Aroundtown, a Luxembourg-based real estate firm, rose 9% and was the best-performing company in the Stoxx 600.
| Euro STOXX 50 | 3,921.27 | 0.01% | | UK (FTSE 100) | 7,472.17 | -0.23% | | Germany (DAX) | 14,264.56 | 0.02% | | France (CAC 40) | 6,647.31 | -0.20% | *European stock prices are as of 7 am ET. Data received directly from the reference indexes through ICE Data Services.
| |
Asian Markets Markets in Asia were mixed on Thursday, again influenced by local news. - The Hang Seng saw strong gains after it was announced that some Covid restrictions in Hong Kong would be lifted, including outdoor mask requirements and testing for those arriving in the city.
- However, stocks in mainland China ended in the red. The Shenzhen Component lost 0.3% and the Shanghai Composite fell by 0.1%.
- Analysts forecast that the real estate market in Australia will fall by between 7% and 10% next year, while in Japan it will climb by between 2% and 4%.
| S&P Asia 50 | 4,461.83 | 2.05% | | Japan (Nikkei 225) | 27,574.43 | -0.40% | | South Korea (KOSPI) | 2,371.08 | -0.49% | | China (Hang Seng) | 19,450.23 | 3.38% | | India (SENSEX) | 62,570.68 | 0.26% | *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 Thursday even though Canada's TC Energy shut down the Keystone pipeline. - The pipeline, which typically carries around 620,000 barrels a day from Alberta to the U.S. Midwest and Gulf Coast, was shut down following a spill in Kansas.
- Prices rose after the stoppage was announced but fell later in the day amid fears that demand for oil will fall due to an expected economic slowdown and higher interest rates.
- Brent crude lost 0.7% and U.S. West Texas Intermediate fell by 0.2%.
- These are new lows for 2022, and the 14-day strength index for Brent is below its expected level, showing that the asset is currently oversold and will likely rebound soon.
| Oil (NYSEARCA:OIL) | 27.07 | -1.81% | | Gold (NYSEARCA:GLD) | 166.47 | 0.08% | | Silver (NYSEARCA:SLV) | 21.21 | 1.39% | | Corn (NYSEARCA:CORN) | 25.68 | -0.19% | | Lumber (NASDAQ:WOOD) | 75.75 | 0.54% | *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 down on Thursday amid uncertainty surrounding future interest rate hikes. - The Federal Reserve, the European Central Bank, and the Bank of England will announce their interest rate decisions next week.
- The U.S. Dollar has lost 6.2% this quarter, the biggest quarterly drop since the 8.5% recorded in Q3 2010.
- Investors are currently pricing in a 91% chance of a 50-basis point interest rate hike and a 9% chance of a 75-basis point increase.
| UK(GBP) | £0.82 | -0.86% | | Europe (EURO) | €0.95 | -0.86% | | Canada (Canadian Dollar) | $1.36 | -0.43% | | Japan (Yen) | ¥136.59 | -0.24% | *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 The Grayscale Bitcoin Trust had a record high of a 50% discount rate against the price of Bitcoin on Thursday. - There has been a strong bearish sentiment in public markets where Bitcoin trusts are traded since the collapse of FTX as some analysts fear that more bankruptcies will follow.
- Ethereum trading volume decreased after the coin's price fell by 17% last month.
- PayPal has made its first foray into the EU by offering its crypto services in Luxembourg.
| Bitcoin | $17,231.10 | 0.84% | | Ethereum | $1,281.29 | 3.94% | | Litecoin | $78.53 | 2.11% | | Bitcoin Cash | $111.78 | -0.30% | *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. | |
Segment is an API-first analytics solution that empowers 15,000+ startups to scale their data infrastructure. | |
