US Markets Stock futures were flat overnight after markets rose on Monday. - General Electric, Johnson & Johnson, and Verizon will all report earnings this morning, while Microsoft will post its results this afternoon.
- Chip makers including Nvidia, which gained nearly 7.6%, and VanEck Semiconductor ETF, which rose almost 5%, led gains on the Nasdaq.
- The current 10 Year US Treasury yield is set at 3.52090%
| Dow Jones | 33,629.56 | 0.76% | | S&P 500 | 4,019.81 | 1.19% | | Nasdaq | 11,364.41 | 2.01% | | Russell 2000 | 1,890.77 | 1.25% | *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 TSX was up on Monday as the tech sector continues to rally globally. - Telecommunications company Globalive Capital announced plans to re-enter the wireless market on Monday, saying that Canada needs an independent carrier to increase competition in the market.
- Globalive has offered to purchase the spectrum licenses held by Xplore Mobile, which shut down in August 2022.
- Globalive previously operated Wind mobile, a low-cost carrier that it sold to Shaw Communications in 2015 for C$1.6B (US$1.16B).
*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 Markets in Europe were up on Monday, led by technology stocks. - The Stoxx 600 rose 0.5% and tech stocks gained 2.2%. Insurance stocks dragged down markets, losing 0.5%.
- Spotify said it will lay off 6% of its workforce.
- Symrise, which produces food flavors and fragrance ingredients, was the worst-performing company in the index, falling 7% after failing to hit its 2022 earnings expectations.
| Euro STOXX 50 | 4,150.82 | 0.75% | | UK (FTSE 100) | 7,784.67 | 0.18% | | Germany (DAX) | 15,102.95 | 0.46% | | France (CAC 40) | 7,032.02 | 0.52% | *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 Markets rose in Asia, although there was limited trading across the continent due to the Lunar New Year celebrations. - Stocks in Japan, Australia, and South Korea were up on the day despite lower trading volumes.
- Markets in China were closed and most will not reopen until next week.
- Markets in India rose after falling last week.
| S&P Asia 50 | 4,984.70 | 1.35% | | Japan (Nikkei 225) | 26,906.04 | 1.33% | | South Korea (KOSPI) | 2,395.26 | 0.63% | | China (Hang Seng) | 22,044.65 | 1.82% | | India (SENSEX) | 60,941.67 | 0.53% | *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 after a volatile day of trading. - Both Brent and U.S. West Texas Intermediate gained less than 1% on the day.
- Brent hit a mid-day high of $89.09, its highest point in over a month.
- New data from India shows that oil imports were at their highest point in five months in December.
| Oil (NYSEARCA:OIL) | 31.01 | 0.19% | | Gold (NYSEARCA:GLD) | 179.63 | 0.19% | | Silver (NYSEARCA:SLV) | 21.58 | -2.00% | | Corn (NYSEARCA:CORN) | 26.15 | -1.28% | | Lumber (NASDAQ:WOOD) | 76.46 | 0.84% | *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 slightly volatile on Monday as investors reacted to movements in international markets. - The USD hit a nine-month low against the Euro mid-day before bouncing back to finish the day up against the Euro.
- The British pound was down on Monday after hitting a seven-month high against the USD earlier in the day.
- The Yen continues to fall after the Bank of Japan decided to keep its ultra-low rates last week.
| UK(GBP) | £0.81 | 0.09% | | Europe (EURO) | €0.92 | 0.07% | | Canada (Canadian Dollar) | $1.34 | -0.16% | | Japan (Yen) | ¥130.70 | 0.88% | *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 markets were flat on Monday, but FTT rose 8%. - Gemini said it will cut another 10% of its staff after announcing layoffs in June and July of last year that left the company with around 700 workers by the end of 2022.
- Porsche's NFT collection is failing to generate much interest as minting begins.
- A Uniswap poll showed that 80% of its customers support a move to the BNB chain.
| Bitcoin | $22,908.70 | 0.61% | | Ethereum | $1,624.93 | -0.27% | | Litecoin | $89.96 | 2.69% | | Bitcoin Cash | $133.09 | 4.07% | *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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