US Markets Stock futures rose overnight after a selloff on Monday. - GitLab surged 23% on Monday after posting lower-than-expected losses and higher-than-expected revenues.
- Herbalife lost 11% after announcing plans to issue $250M in senior convertible notes.
- The current 10 Year U.S. Treasury yield is set at 3.57620%
| Dow Jones | 33,947.10 | -1.40% | | S&P 500 | 3,998.84 | -1.79% | | Nasdaq | 11,239.94 | -1.93% | | Russell 2000 | 1,840.22 | -2.78% | *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 Canada Food Price Report forecasts that the cost of groceries will increase by 7% next year. - The report estimates that a family of four will need to spend CA$16,288 on groceries in 2023, an increase of CA$1,065 from this year.
- A single woman in her 40s is expected to spend CA$3,740 on groceries, while a single man would spend CA$4,168.
- Vegetables are expected to rise by 8%, seafood by 6%, fruit by 5%, and milk by 11%.
- 20% of Canadians will likely continue relying on food banks, the report says.
*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 saw losses on Monday despite positive movements in Asia hours earlier. - The Stoxx 600 was down 0.4% on the day, with almost all sectors ending in the red.
- Food and beverage stocks fell 1.5% on the day, leading losses, while basic resource stocks gained 0.6%.
- SBB, a Scandinavian real estate company, was up 13%, leading gains, while Rational, a German appliance manufacturer, dragged down markets with an 8% drop.
| Euro STOXX 50 | 3,956.53 | -0.54% | | UK (FTSE 100) | 7,567.54 | 0.15% | | Germany (DAX) | 14,447.61 | -0.56% | | France (CAC 40) | 6,696.96 | -0.67% | *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 Tuesday morning after rising on Monday. - China briefly paused trading on Tuesday to commemorate former President Jiang Zemin, who died last week.
- China is expected to ease its "Zero Covid" strategy following protests and despite high case numbers.
- Hon Hai Precision Industry, an Apple supplier, was down after reporting that its revenue fell by 11% in November and 29% since the start of October.
| S&P Asia 50 | 4,518.19 | 2.13% | | Japan (Nikkei 225) | 27,857.08 | 0.13% | | South Korea (KOSPI) | 2,407.17 | -0.50% | | China (Hang Seng) | 19,485.15 | -0.17% | | India (SENSEX) | 62,834.60 | -0.05% | *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 down on Monday amid concerns about how future rate hikes could impact the U.S. economy. - Brent crude lost 3%, while U.S. West Texas Intermediate fell 3.3%.
- Economic and manufacturing activity in China remains suppressed due to COVID-19 regulations and high case numbers, which has caused a decline in demand for oil.
- OPEC+ confirmed that it plans to cut output by 2 million barrels a day through the end of 2023.
| Oil (NYSEARCA:OIL) | 29.38 | -3.13% | | Gold (NYSEARCA:GLD) | 164.39 | -1.72% | | Silver (NYSEARCA:SLV) | 20.44 | -3.99% | | Corn (NYSEARCA:CORN) | 25.65 | -0.77% | | Lumber (NASDAQ:WOOD) | 75.55 | -1.33% | *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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Currencies The U.S. Dollar rose on Monday, following reports that the U.S. services industry saw increased activity in November. - The non-manufacturing PMI reached 56.5 in November, up from 54.4 in October.
- The U.S. Dollar was down 1.4% last week and 5% in November -- its worst month since 2010.
- The dollar was up against all major currencies on Monday, including the Yuan, Yen, Euro, and Pound.
| UK(GBP) | £0.82 | 0.68% | | Europe (EURO) | €0.95 | 0.24% | | Canada (Canadian Dollar) | $1.36 | 0.58% | | Japan (Yen) | ¥136.55 | 1.67% | *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 and Ether were down slightly during Monday trading hours with declining trading volume. - Ethereum has turned inflationary again after activity on the network fell.
- CRO gained more than 10% after Crypto.com announced that it was launching a series of NFTs with Coca-Cola for the World Cup.
- Nexo said it plans to stop offering products and services in the U.S.
| Bitcoin | $17,025.90 | 0.71% | | Ethereum | $1,264.23 | -1.34% | | Litecoin | $80.98 | 4.79% | | Bitcoin Cash | $111.11 | 1.22% | *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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