Australian stocks hit two-week high
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US Markets The S&P 500 rose on Thursday as concerns about the health of U.S. mid-sized banks continue to ease. - The Cboe Volatility Index is currently at 19 after peaking at 30 in mid-March.
- Weekly jobless claims increased to 198,000, up from 191,000 a week earlier.
- The current 10 Year U.S. Treasury yield is set at 3.55260%
| Dow Jones | 32,859.03 | 0.43% | | S&P 500 | 4,050.83 | 0.57% | | Nasdaq | 12,013.47 | 0.73% | | Russell 2000 | 1,768.38 | -0.18% | *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 Revenue Agency is expected to launch a new automatic fling system next year. - The system could help Canadians who risk losing tax benefits if they fail to file their taxes on time.
- Automatic filing, which exists in countries such as the U.K. and New Zealand, was promised by the Liberal government as part of its 2020 platform.
- Between 10% and 12% of Canadians don't file their taxes, as of 2020, and research shows that many non-filers are low-income citizens.
- In 2015, non-filers lost $1.7B in benefits they could have claimed.
*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 rose on Thursday for a third day running. - The Stoxx 600 gained 1% on the day, led by retail stocks, which rose 3.7%.
- H&M surged 16% after announcing a profit for Q1 despite expectations that the clothing giant would report a loss.
- Tech stocks, which have been volatile this week, rose 2.5% yesterday.
- Banking stocks were up again, with UBS shares rising for the second consecutive day.
| Euro STOXX 50 | 4,285.42 | 1.28% | | UK (FTSE 100) | 7,620.43 | 0.74% | | Germany (DAX) | 15,522.40 | 1.26% | | France (CAC 40) | 7,263.37 | 1.06% | *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 Asian stocks were mixed on Thursday as markets calmed after the recent banking turmoil. - In Australia, stocks hit a two-week high, with the country's four largest banks posting gains of between 0.93% and 2.3%.
- Australian tech stocks were up. Buy now, pay later firm Zip gained 7.4% and Block, a mobile phone payment company, rose more than 4%.
- Tech stocks were also up in Japan and China on Thursday.
| S&P Asia 50 | 4,752.62 | 1.97% | | Japan (Nikkei 225) | 27,782.93 | -0.36% | | South Korea (KOSPI) | 2,453.16 | 0.38% | | China (Hang Seng) | 20,309.13 | 0.58% | | India (SENSEX) | 57,960.09 | 0.60% | *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 after new data showed that U.S. crude stockpiles declined to a two-year low last week. - Oil companies operating in the Kurdistan region have curtailed operations after the pipeline that transports their crude to a Turkish port was shut down following an arbitration ruling.
- Brent crude gained 1.3% and U.S. West Texas Intermediate crude rose 1.9%.
- U.S. crude inventories declined by 7.5 million barrels last week, whereas analysts expected a 100,000-barrel increase.
| Oil (NYSEARCA:OIL) | 28.37 | 1.83% | | Gold (NYSEARCA:GLD) | 184.18 | 0.90% | | Silver (NYSEARCA:SLV) | 21.94 | 2.33% | | Corn (NYSEARCA:CORN) | 25.16 | -0.51% | | Lumber (NASDAQ:WOOD) | 71.16 | 0.98% |
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Currency Exchange Rates The U.S. Dollar hit a one-week low against the Euro as it continued to decline. - The Euro rose after data showed that inflation is easing in Germany.
- Consumer prices in Spain increased by 3.3% in March, the lowest annual inflation rate since August 2021.
- The U.S. Dollar Index lost 0.5% on Thursday.
| UK(GBP) | £0.81 | -0.51% | | Europe (EURO) | €0.92 | -0.65% | | Canada (Canadian Dollar) | $1.35 | -0.55% | | Japan (Yen) | ¥133.44 | 1.82% | *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 Ethereum remained relatively flat despite the significant amount of economic data released yesterday. - Flybondi, an Argentinian airline, is partnering with TravelX to offer all of its tickets as NFTs.
- Coinbase has hired Lucas Matheon, formerly of Shopify, to oversee its Canadian operations.
- USDC continues to be the most dominant stablecoin despite losing its peg to the U.S. Dollar earlier this month.
| Bitcoin | $28,154.30 | 3.23% | | Ethereum | $1,801.10 | 0.44% | | Litecoin | $88.90 | -2.67% | | Bitcoin Cash | $121.09 | 0.12% | *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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 |  | | |   | | 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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