US Markets Stock futures were down overnight after a positive day for markets on Thursday. - The Dow is on a five-day winning streak, thanks in part to strong corporate earnings.
- Visa gained 1.5% overnight after beating its earnings expectations, while Intel lost 8.2% after posting weak quarterly results.
- The current 10 Year U.S. Treasury yield is set at 3.51540%
| Dow Jones | 33,949.41 | 0.61% | | S&P 500 | 4,060.43 | 1.10% | | Nasdaq | 11,512.41 | 1.76% | | Russell 2000 | 1,903.06 | 0.67% | *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 According to a new report by Canada Mortgage and Housing Corporation (CMHC), the country's rental market tightened last year amid strong demand. - The vacancy rate for rentals in Canada is currently at 1.9%, a two-decade low, and down from 3.1% in 2021.
- Rent prices are at an all-time high. Rent for new tenants in two-bedroom units soared 18.3% in 2022, compared to a 2.9% increase for non-turnover units.
- High demand and low supply are pushing rental prices up and, as a result, low-income renters are being squeezed out of the rental market, said CMHC chief economist Bob Dugan.
*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 stocks continued their upward trajectory, gaining again on Thursday. - The Stoxx 600 rose 0.4% on the day, led by retail stocks, which gained 2.2%.
- Sartorius surged 8% to lead the index after the German pharmaceuticals company reported higher-than-expected earnings.
- Food and beverage stocks dragged down markets, falling by 1.8%.
| Euro STOXX 50 | 4,173.98 | 0.62% | | UK (FTSE 100) | 7,761.11 | 0.21% | | Germany (DAX) | 15,132.85 | 0.34% | | France (CAC 40) | 7,095.99 | 0.74% | *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 Friday morning as markets reacted to economic data. - Inflation in Japan is close to a 42-year high after core consumer prices increased by 4.3% in Tokyo.
- Home prices in Singapore rose by 0.4% in Q4 2022 and 8.6% in full-year 2022.
- The Producer Price Index in Australia rose 5.8% in the last quarter of 2022, on an annualized basis.
| S&P Asia 50 | 5,136.80 | 2.29% | | Japan (Nikkei 225) | 27,390.07 | 0.10% | | South Korea (KOSPI) | 2,487.11 | 0.75% | | China (Hang Seng) | 22,574.88 | 0.04% | | India (SENSEX) | 60,205.06 | -1.27% | *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 Thursday as investors expect strong demand following the release of new data showing that the U.S. economy remains healthy. - Brent gained 1.6% on the day and U.S. West Texas Intermediate climbed 1.1%.
- U.S. crude oil stocks are at their highest point in 18 months.
- The global economy is predicted to grow just over 2% this year, according to a Reuters poll of global economists.
| Oil (NYSEARCA:OIL) | 30.81 | 0.72% | | Gold (NYSEARCA:GLD) | 179.47 | -0.91% | | Silver (NYSEARCA:SLV) | 21.99 | 0.09% | | Corn (NYSEARCA:CORN) | 26.58 | 0.61% | | Lumber (NASDAQ:WOOD) | 78.31 | 2.05% | *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 was up slightly against the Euro after a downturn that lasted several weeks. - The U.S. GDP grew 2.9% in the fourth quarter, which was above expectations of a 2.6% increase, sparking optimism about the health of the country's economy.
- The Labour Department said that initial claims for state unemployment benefits fell last week.
- The Canadian Dollar hit a two-month high against the USD just a day after the Bank of Canada raised rates by 25 basis points.
| UK(GBP) | £0.81 | -0.60% | | Europe (EURO) | €0.92 | 0.04% | | Canada (Canadian Dollar) | $1.33 | -0.36% | | Japan (Yen) | ¥129.71 | -0.38% | *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 prices remained stable on Thursday, failing to follow the upward swing in equity markets. - StoryCo has raised $6M to build token-gated experiences that allow members to play out a narrative.
- Moody's is developing a system to score stablecoins as confidence in stablecoins continues to wane.
- Coinbase has been hit with a $3.6M fine for "very serious" registration breaches in the Netherlands.
| Bitcoin | $22,781.10 | 0.64% | | Ethereum | $1,570.77 | -2.58% | | Litecoin | $86.48 | -3.28% | | Bitcoin Cash | $133.21 | 3.93% | *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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