U.S. Markets U.S. stock futures were flat overnight after retail sales data suggested that the U.S. economy may be picking up speed. - Roku surged 12% overnight after the company reported lower-than-expected losses.
- The Producer Price Index due out later today is expected to show a rise of 0.4% in January after a 0.5% drop in December.
- Haboro, Paramount, Dropbox, DoorDash, and Drafkings will all report earnings today.
- The current 10 Year U.S. Treasury yield is set at 3.80680%
| Dow Jones | 34,128.05 | 0.11% | | S&P 500 | 4,147.60 | 0.28% | | Nasdaq | 12,070.59 | 0.92% | | Russell 2000 | 1,960.97 | 1.09% |
*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?
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Canadian Markets According to a survey by Statistics Canada, 25% of Canadians cannot afford an unexpected $500 expense. - Older people are better prepared to face unexpected financial needs, while younger respondents said they are more likely to struggle.
- 74% of Black Canadians and 65% of South Asian Canadians said they are currently concerned about housing costs.
- Non-racialized, non-indigenous people, are the least concerned about their finances, with only 38% saying they are worried about housing costs.
*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 markets saw gains on Wednesday despite downward pressure early in the day. - The Stoxx 600 was down early in the morning but rebounded to end the day up 0.53%.
- Construction stocks led markets with a 1.8% gain, while banking stocks lost 0.6% after Barclays announced a 19% decline in net profit in 2022.
- The FTSE 100 in the U.K. hit a new intraday high, topping 8,000 for the first time, before falling to finish the day at 7,997.83.
| Euro STOXX 50 | 4,280.04 | 0.97% | | UK (FTSE 100) | 7,997.83 | 0.55% | | Germany (DAX) | 15,506.34 | 0.82% | | France (CAC 40) | 7,300.86 | 1.21% |
*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 Stocks in Asia were down on Wednesday following the release of U.S. Consumer Price Index data a day earlier. - Stocks rose in South Korea, Japan, and Australia on Thursday, but fell in China.
- Japan announced a trade deficit of $26B in January, up 59% from a year earlier.
- China is expected to report that housing prices have declined for six consecutive months.
- The Philippines central bank hiked interest rates by 50 basis points, to 6%.
| S&P Asia 50 | 4,815.20 | -1.92% | | Japan (Nikkei 225) | 27,501.86 | -0.37% | | South Korea (KOSPI) | 2,427.90 | -1.53% | | China (Hang Seng) | 20,812.17 | -1.43% | | India (SENSEX) | 61,275.09 | 0.40% |
*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 fell on Wednesday amid concerns about the strengthening U.S. Dollar. - Brent lost 0.2% and U.S. West Texas Intermediate dropped 0.6%.
- The U.S. Energy Information Administration said that the country's stockpiles rose by 16.3 million barrels, to 471.4 million, last week.
- Russian oil output is expected to fall by 1 million barrels per day this quarter due to Europe's ban on seaborne imports and the price cap by G7 countries.
| Oil (NYSEARCA:OIL) | 30.05 | 0.07% | | Gold (NYSEARCA:GLD) | 170.89 | -1.00% | | Silver (NYSEARCA:SLV) | 19.89 | -1.14% | | Corn (NYSEARCA:CORN) | 26.53 | -0.67% | | Lumber (NASDAQ:WOOD) | 76.03 | -0.73% |
*Commodity prices are as of 7 am ET. Data from MarketWatch. To understand why investors track the prices of these commodities,
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Currency Exchange Rates The U.S. Dollar rose to a six-week high on Wednesday following the release of stronger-than-expected retail sales data. - Retail sales increased by 3% in January, the highest single-month jump in two years.
- The U.S. Dollar Index rose 0.61% to 103.86, slightly below the six-week peak of 104.11 that it reached earlier in the session.
- Deutsche Bank expects the U.S. Federal Reserve to raise interest rates to 5.6%.
| UK(GBP) | £0.83 | 0.97% | | Europe (EURO) | €0.94 | 0.36% | | Canada (Canadian Dollar) | $1.34 | 0.45% | | Japan (Yen) | ¥133.89 | 1.17% |
*Exchange rates as of 7 am ET. Data from Morningstar Financial Research. To understand why we track these currencies and the differences between them,
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Cryptocurrency Crypto markets rose after U.S. regulators rolled out a proposal that offers stronger protections for crypto investors. - The Security and Exchange Commission (SEC) published a proposal to expand protections for assets, including cryptocurrencies, held by investment advisers on behalf of their clients.
- The SEC currently only requires assets like funds and securities to be registered and held with federal or state-chartered banks.
- Exchanges like Coinbase and Gemini would need to register as a custodian under this proposed regulation.
| Bitcoin | $24,789.30 | 13.53% | | Ethereum | $1,701.91 | 9.31% | | Litecoin | $103.34 | 7.93% | | Bitcoin Cash | $135.27 | 9.16% | |
*Exchange rates as of 7 am ET. Data from Morningstar Financial Research. To understand why we track these currencies and the differences between them,
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