US Markets U.S. futures rose overnight after ending relatively flat on Wednesday. - Tesla gained 7% in after-hours trading after the company announced higher revenue and earnings per share than predicted by analysts.
- IBM lost 2% overnight after announcing that it plans to lay off 3,900 employees in a cost-cutting measure despite beating revenue expectations.
- The current 10 Year U.S. Treasury yield is set at 3.44140%
| Dow Jones | 33,743.84 | 0.03% | | S&P 500 | 4,016.22 | -0.02% | | Nasdaq | 11,313.36 | -0.18% | | Russell 2000 | 1,890.32 | 0.25% | *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.
| |
 A message from HONE Discover a new approach to balancing personalization, scalability, and cost In this report, The Josh Bersin Company unpacks how the definition of leadership has evolved, the leadership capabilities that matter most, and how cohort-based leadership development can support today’s leaders. More: - More than 80% of businesses today operate as highly interconnected and empowered networks of teams, which expands the definition of leaders to include everyone in the organization.
- High-performing organizations are 7x more likely to develop leaders at all levels and 2x as likely to be great places to work because of their investments in leadership development.
- Leadership development should exist as an end-to-end continuum and make the shift from episodic to continuous and ongoing experiential journeys.
- Building a new breed of leaders requires a new, rigorous approach to hone capabilities inside the organization by leveraging expertise from outside the organization.
Get the report
| |
Canadian Markets The Bank of Canada announced a 25 basis point interest rate increase on Wednesday, its eighth consecutive hike. - The benchmark interest rate in Canada is now at a 15-year high of 4.5%, after being at a record low 12 months ago.
- Policymakers said they plan to hold the benchmark interest rate steady as the bank now sees inflation slowing down. The inflation rate is expected to reach 3% in mid-2023 and 2% in 2024, the bank said.
- Bond yields dropped in response to the news, with the two-year bond down eight basis points on Wednesday.
*Canadian stock prices are as of the last close. Data received directly from the references indexes through ICE Data Services
| |
 A message from CNOTE This year you can do both. Start impact investing and lock in competitive returns. 83% of consumers think that companies should be actively shaping ESG best practices. You can impress 100% of them by the end of the quarter. Trusted by name brands like Netflix, Apple, and Mastercad, CNote’s Impact Cash™ solution streamlines the process of impact investing without sacrificing yield. Plus, we throw in a few bonuses: - FDIC and NCUA insurance
- Capital preservation
- Enjoy administrative efficiency
- Quarterly transparent impact reporting on your investments
A pretty good deal for a single investment that targets your ESG and DEI goals while earning a financial return, right? Learn what your cash can achieve when you lead on ESG with our sample impact report. Download The Report
| |
European Markets European markets were down on Wednesday despite some positive data. - The Stoxx 600 fell 0.3%. Media stocks dropped 0.9%, leading losses.
- Utility stocks bucked the trend, gaining 0.5%.
- Millicom surged 15.2% following reports that the telecommunications company may be acquired.
- Data showed that business sentiment is rising in Germany and that manufacturing activity is increasing in the Eurozone.
| Euro STOXX 50 | 4,148.11 | -0.12% | | UK (FTSE 100) | 7,744.87 | -0.16% | | Germany (DAX) | 15,081.64 | -0.08% | | France (CAC 40) | 7,043.88 | -0.09% | *European stock prices are as of 7 am ET. Data received directly from the reference indexes through ICE Data Services.
| |
Asian Markets Stocks in Asia were mixed on Wednesday and into Thursday morning following the release of economic data in several countries. - Stocks in Japan were down as investors reacted negatively to summary opinions released by the Bank of Japan.
- South Korea's GDP shrank by 0.4% in the last quarter of 2022, the economy's first contraction in over two years.
- The GDP of the Philippines surged 7.2% in Q4.
| S&P Asia 50 | 5,085.62 | 2.02% | | Japan (Nikkei 225) | 27,348.79 | -0.17% | | South Korea (KOSPI) | 2,445.75 | 0.71% | | China (Hang Seng) | 22,445.54 | 1.82% | | 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.
| |
Commodities Oil prices were largely unchanged on Wednesday. - Brent lost $0.01 on the day and U.S. West Texas Intermediate gained $0.02.
- U.S. crude inventories rose by 533,000 barrels last week, whereas analysts expected an increase of 1 million barrels.
- The unexpectedly low inventory growth countered pessimism about the global economic outlook.
| Oil (NYSEARCA:OIL) | 30.59 | 0.16% | | Gold (NYSEARCA:GLD) | 181.11 | 0.46% | | Silver (NYSEARCA:SLV) | 21.97 | 0.97% | | Corn (NYSEARCA:CORN) | 26.42 | -0.30% | | Lumber (NASDAQ:WOOD) | 76.70 | 0.06% | *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 continues to fall while the Euro is strengthening. - The Euro finished the day $0.0012 below its nine-month high against the USD.
- The Japanese yen recovered after the release of opinions from the Bank of Japan.
- The Australian Dollar gained 0.8% against the USD, hitting a five-month high after inflation data came in above expectations.
| UK(GBP) | £0.81 | -0.14% | | Europe (EURO) | €0.92 | -0.39% | | Canada (Canadian Dollar) | $1.34 | 0.23% | | Japan (Yen) | ¥129.24 | -1.01% | *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 Bitcoin rose on Wednesday after Asian markets reopened following the Lunar New Year holiday. - Bitcoin is up 25% since sentiment around interest rates and inflation shifted at the start of 2023.
- The Irish Central Bank has urged the country's parliament to ban all advertising for cryptocurrencies.
- The trading volume of Canto DEX surged more than 200% amid proposals to upgrade the network; the coin is up more than 300% so far this year.
| Bitcoin | $23,117.80 | 0.75% | | Ethereum | $1,613.87 | 3.79% | | Litecoin | $89.13 | 2.17% | | Bitcoin Cash | $131.72 | -1.19% | *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. | |
| |
Operational ease, capital preservation, competitive returns and ESG performance? Impact Cash™ | |
