Bitcoin rises over $21,000
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US Markets Stock futures decreased slightly overnight, with all three major indexes expected to open down 0.2%. - All the major indexes have closed up every week this year. The Nasdaq is leading gains with a 5.9% increase.
- Corporate earnings will soon influence markets. Goldman Sachs and Morgan Stanley are due to post results before markets open today.
- The current 10 Year U.S. Treasury yield is set at 3.53560%
| Dow Jones | 34,302.61 | 0.33% | | S&P 500 | 3,999.09 | 0.40% | | Nasdaq | 11,079.16 | 0.71% | | Russell 2000 | 1,887.03 | 0.58% | *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 Investors expect that Consumer Price Index data that will be published later today will show that inflation is slowing. - Economists expect an annual inflation rate of 6.4% in December, down from 6.8% in November.
- Price increases are expected to slow because gas prices fell by 13% from November to December.
- The CPI data will likely impact the Bank of Canada's next monetary decision on Jan. 25.
*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 rose on Monday amid optimism following a drop in energy prices and China's reopening. - The Stoxx 600 rose 0.5% on the day, led by a 1.3% increase in retail stocks.
- So far this year, the Stoxx 600 has gained 6%, led by a resurgence in technology stocks.
- Swiss software company Temenos led the rise with a 7% surge after Max Chuard announced he would be stepping down as CEO.
- Hellofresh was the worst-performing stock in the Stoxx 600 after falling 6% on the day.
| Euro STOXX 50 | 4,157.00 | 0.15% | | UK (FTSE 100) | 7,860.07 | 0.20% | | Germany (DAX) | 15,134.04 | 0.31% | | France (CAC 40) | 7,043.31 | 0.28% | *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 rose on Monday and were mixed on Tuesday, following the release of more Chinese economic data. - China's economy grew by 2.9% year over year in Q4, which was more than the 1.8% expected by economists.
- Industrial output in China was up 1.3% last month, higher than the 0.2% rise expected by analysts.
- Retail sales in China fell by 1.8% year over year, well below the 8.6% decline expected by the market.
| S&P Asia 50 | 4,905.64 | 0.68% | | Japan (Nikkei 225) | 26,143.66 | 1.24% | | South Korea (KOSPI) | 2,385.91 | -0.58% | | China (Hang Seng) | 21,527.39 | -1.01% | | India (SENSEX) | 60,390.03 | 0.49% | *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 fell slightly on Monday but continued strong amid expectations of higher demand following China's reopening. - Brent crude was down 0.4% on Monday and U.S. West Texas Intermediate (WTI) lost 0.3%.
- Crude imports in China were up 4% year over year in December.
- Both Brent and WTI surged 8% last week.
| Oil (NYSEARCA:OIL) | 30.44 | 2.46% | | Gold (NYSEARCA:GLD) | 178.76 | 1.20% | | Silver (NYSEARCA:SLV) | 22.33 | 2.06% | | Corn (NYSEARCA:CORN) | 26.63 | 0.49% | | Lumber (NASDAQ:WOOD) | 76.14 | -0.52% | *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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Cryptocurrency Bitcoin continued rising on Monday as it moved over the $21,000 threshold for the first time since the fall. - Bitcoin liquidations are at their highest point in three months as prices continue increasing.
- Option trades show that investors think Bitcoin price increases will continue into July.
- Sushi, the Defi Protocol, will focus on improving its user experience throughout 2023.
| Bitcoin | $21,131.10 | 0.72% | | Ethereum | $1,564.75 | 0.84% | | Litecoin | $85.26 | -2.25% | | Bitcoin Cash | $123.88 | -1.72% | *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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Currencies Currency markets were relatively mute on Monday as U.S. markets were closed for the day. - The U.S. Dollar dropped slightly on Monday and is expected to continue falling this week.
- The Euro has regained nearly 10% against the USD since the USD overtook the Euro in value last summer.
- UK inflation data due out later this week will likely impact the value of the British Pound.
| UK(GBP) | £0.82 | 0.28% | | Europe (EURO) | €0.92 | 0.19% | | Canada (Canadian Dollar) | $1.34 | -0.01% | | Japan (Yen) | ¥128.66 | 0.60% | *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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