A Fed official said he favors more moderate interest rate hikes
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US Markets U.S. stocks rose on Friday as the 10 Year U.S. Treasury yield fell after rising above 4% for the first time in months earlier last week. - The Dow gained 1.75% last week, breaking a four-week losing streak.
- The S&P 500 was up 1.90%, while the Nasdaq rose 2.58%.
- The current 10 Year U.S. Treasury yield is set at 3.95960%
| Dow Jones | 33,390.97 | 1.17% | | S&P 500 | 4,045.64 | 1.61% | | Nasdaq | 11,689.01 | 1.97% | | Russell 2000 | 1,928.26 | 1.35% | *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 Toronto home prices increased in February after falling for 11 straight months. - Prices rose 1.1% from January to February.
- The volume of house sales rose 8.5% month over month.
- New listings fell by 41% year over year, showing a shortage of supply.
*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 Friday, benefiting from the positive momentum in international markets. - The Stoxx 600 gained 0.9% on Friday, led by a 3.6% increase in automotive stocks.
- European Central Bank President Christine Lagarde said a 50-basis-point interest rate hike is likely this month as the bank focuses on bringing inflation back to the 2% target.
- Volkswagen surged 11.2% after the carmaker shared a higher-than-expected forecast.
| Euro STOXX 50 | 4,294.80 | 1.28% | | UK (FTSE 100) | 7,947.11 | 0.04% | | Germany (DAX) | 15,578.39 | 1.64% | | France (CAC 40) | 7,348.12 | 0.88% | *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 markets were up on Friday after a U.S. Federal Reserve official said he favored a 25-basis-point interest rate hike. - New data shows that the services industry in China increased its growth rate from January to February.
- The Nikkei said it plans to alter the Nikkei 225 index, adding Oriental Land, Renesas Electronics, and Japan Airlines while removing Toyobo, Nippon Light Metal, and Toho Zinc.
- Factory activity in India continues growing, with the country's domestic market accounting for the additional demand.
| S&P Asia 50 | 4,677.18 | 0.60% | | Japan (Nikkei 225) | 27,927.47 | 1.56% | | South Korea (KOSPI) | 2,432.07 | 0.17% | | China (Hang Seng) | 20,567.54 | 0.68% | | India (SENSEX) | 59,808.97 | 1.53% | *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 closed up on Friday after falling earlier in the day. - Prices dropped after rumors that the United Arab Emirates was planning to leave OPEC so that it could increase its oil production. Reuters later reported that the rumors were untrue.
- Brent gained 0.9% on Friday and U.S. West Texas Intermediate rose 1.3%. Both benchmarks were up on the week.
- U.S. crude remains cheaper than international crude at $79.20 per barrel versus $85.47 per barrel.
| Oil (NYSEARCA:OIL) | 30.26 | 1.92% | | Gold (NYSEARCA:GLD) | 172.49 | 1.07% | | Silver (NYSEARCA:SLV) | 19.55 | 1.61% | | Corn (NYSEARCA:CORN) | 25.36 | 0.88% | | Lumber (NASDAQ:WOOD) | 75.19 | 0.63% | *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 fell on Friday after a Federal Reserve member expressed support for more moderate interest rate hikes moving forward. - The U.S. Dollar Index lost 0.25% on Friday and 0.4% last week.
- The Japanese Yen rose after hitting a two-month low against the U.S. Dollar earlier in the week.
- The British Pound saw further gains, rising 0.4% on Friday to close the week up 0.2% as investors continue to react to the new U.K. and EU deal to regulate trade in Northern Ireland.
| UK(GBP) | £0.83 | -0.70% | | Europe (EURO) | €0.94 | -0.48% | | Canada (Canadian Dollar) | $1.36 | 0.17% | | Japan (Yen) | ¥135.85 | -0.63% | *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 fell over the weekend following the collapse of Silvergate. - The SEC has accused Binance.US of operating an unregistered securities exchange.
- Two Democrat lawmakers have reintroduced a bill to ensure that cryptocurrency miners disclose their carbon emissions.
- The U.S. Department of Justice has requested that Sam Bankman-Firned be barred from having a smartphone with an internet connection after it was revealed that he accessed the internet through a VPN, hence breaking the conditions of his bail.
| Bitcoin | $22,334.70 | -4.83% | | Ethereum | $1,564.30 | -0.25% | | Litecoin | $89.79 | -0.88% | | Bitcoin Cash | $125.91 | -4.51% | *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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