Market Outlook  -  US dollar rises on better than expected jobs data

US Markets Stocks were down on Friday as investors were concerned that the Federal Reserve may hike rates following a stronger-than-expected jobs report.  The Nasdaq rose 3.31% last week, the S&P 500 was up 1.62%, and the Dow lost 0.15%.  Apple shares rose even though the company's Q4 results missed financial estimates.  Amazon had its worst day since April 2022, falling 8.4%. Its Q4 results beat expectations but the company provided light guidance for the current quarter. The current 10 Year U.S. Treasury yield is set at 3.52370% Dow Jones  33,926.01 -0.38% S&P 500  4,136.48 -1.04% Nasdaq  12,006.96 -1.59% Russell 2000 1,985.53 -0.78% *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? .

Canadian Markets New data from Statistics Canada shows that investors own a large number of homes in Canada. The provinces where investors control the largest share of homes are Nova Scotia, where 31.5% of homes are owned by investors, and New Brunswick, where investors own 29%.  Investors own 23.3% of homes in British Columbia and 20.2% in Ontario.  In Ontario, 41.9% of condos are owned by investors.  Canada has recently passed a two-year ban on home purchases by foreign citizens to reduce the number of investment properties.  TSX  20,758.34 0.09% *Canadian stock prices are as of the last close. Data received directly from the references indexes through ICE Data Services

European Markets Stocks in Europe rose on Friday as investors reacted to the continent's economic data and corporate earnings.  The FTSE 100 hit a record high after U.S. jobs data was released.  Goldman Sachs estimates that the European stock market will outperform the U.S. stock market this year.  New data showed that business activity in the Euro Zone rose slightly in January after six months of contractions.  Euro STOXX 50  4,257.98 0.40% UK (FTSE 100)  7,901.80 1.04% Germany (DAX)  15,476.43 -0.21% France (CAC 40) 7,233.94 0.94% *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 Monday as countries dealt with local economic issues.  Hong Kong's Tourism board said that it would be giving away 500,000 plane tickets over the next six months to help boost the economy.  Adani Enterprises and its subsidiaries remain volatile after the Dow Jones said it will remove the conglomerate from the Dow Jones Sustainability Indices on Tuesday.  Travel between Hong Kong, Macao, and China fully reopened this morning.  S&P Asia 50 5,072.46 0.16% Japan (Nikkei 225) 27,509.46 0.39% South Korea (KOSPI) 2,480.40 0.47% China (Hang Seng) 21,660.47 -1.36% India (SENSEX) 60,841.88 1.52% *Asian stock prices are as of 7 am ET. Data received directly from the reference indexes through ICE Data Services.

Commodities Oil prices were down on Friday as markets were volatile following the stronger-than-expected jobs data.  Brent crude lost 3% on Friday, while West Texas Intermediate crude dropped 3.4%.  Analysts noticed a significant increase in traffic in large Chinese cities during the Lunar New Year, which suggests that oil demand increased during the period. The EU expanded its embargo on Russian oil products to Russian refined products.  Oil (NYSEARCA:OIL) 27.95 -3.12% Gold (NYSEARCA:GLD) 173.46 -2.50% Silver (NYSEARCA:SLV) 20.57 -4.64% Corn (NYSEARCA:CORN) 26.58 0.34% Lumber (NASDAQ:WOOD) 78.93 -1.28% *Commodity prices are as of 7 am ET. Data from MarketWatch. To understand why investors track the prices of these commodities,

Currencies The U.S. Dollar rose on Friday after the stronger-than-expected jobs report. The U.S. Dollar Index gained 1.2% on Friday, its best day in over three months.  U.S. consumer price data due out next week will likely impact the next monetary policy decision.  The British Pound hit its lowest point in a month after its worst day in two months.  UK(GBP) £0.83 1.39% Europe (EURO) €0.92 0.71% Canada (Canadian Dollar) $1.34 0.70% Japan (Yen) ¥131.18 1.88% *Exchange rates as of 7 am ET. Data from Morningstar Financial Research. To understand why we track these currencies and the differences between them, .

Cryptocurrency Crypto markets remain stable despite volatility in equity markets.  Protocol Labs said it plans to lay off 21% of its staff due to the "crypto winter" and macroeconomic challenges.  Emergent Fidelity, which owns 56 million shares of Robinhood, has declared bankruptcy. Sam Bankman-Fried owns a 90% stake in Emergent Fidelity. Japanese artist Takashi Murakami is releasing NFTs related to 13 real-world Hublot watches that will be released in April.  Bitcoin $23,325.00 -0.72% Ethereum $1,666.75 0.18% Litecoin $98.12 -1.75% Bitcoin Cash $137.46 0.49% *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.