Market Outlook US retail earnings today

 

US Markets Stock futures were down overnight after markets were closed for a holiday on Monday.  The Federal Reserve is set to release the minutes from its last meeting on Wednesday, which will likely influence stock prices this week.  Walmart and Home Depot will be reporting earnings today, which will provide insights into the health of the retail market.  The current 10 Year U.S. Treasury yield is set at 3.85350% Dow Jones  33,826.69 0.39% S&P 500  4,079.09 -0.28% Nasdaq  11,787.27 -0.58% Russell 2000 1,946.36 0.21% *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 The deadline for the Rogers acquisition of Shaw has been extended again, this time to March 31.  The companies have been seeking regulatory approval since they first announced the deal in March 2021.  Under the agreement, Shaw will become part of Rogers and Videotron will purchase Freedom Mobile from Shaw to comply with antitrust regulations.  The CA$26B deal has been approved by the Competition Tribunal, and the Federal Court of Appeal has already dismissed an attempt by the Competition Bureau to challenge that decision.  TSX  20,515.24 -0.44% *Canadian stock prices are as of the last close. Data received directly from the references indexes through ICE Data Services

European Markets European stocks closed slightly up on Monday following a volatile day of trading.  The Stoxx 600 rose 0.1% to reach a one-year high, but was both in the red and green at various times during the day.  Mining stocks led gains with a 2.4% jump, while tech stocks dragged down markets after falling 0.6%.  The FTSE 100 and CAC 40 both hit new highs during the day.  Euro STOXX 50  4,271.18 -0.09% UK (FTSE 100)  8,014.31 0.12% Germany (DAX)  15,477.55 -0.03% France (CAC 40) 7,335.61 -0.16% *European stock prices are as of 7 am ET. Data received directly from the reference indexes through ICE Data Services.

Asian Markets Markets in Asia are mixed on Tuesday ahead of the release of more economic data this week.  Stocks in Australia fell after the Reserve Bank of Australia released minutes from its February meeting, indicating that policymakers are likely to raise rates again.  Tech stocks lost 2.5% in Hong Kong, dragging down the Hang Seng.  JD.com dropped 7% on Monday after the South China Morning Post reported that the retailer plans to put aside $1.5B to subsidize its products as competition with Pinduoduo heats up.  S&P Asia 50 4,734.86 -2.91% Japan (Nikkei 225) 27,487.34 -0.16% South Korea (KOSPI) 2,459.38 0.17% China (Hang Seng) 20,597.52 -1.39% India (SENSEX) 60,916.58 0.37% *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 in Asian trading hours on Tuesday after rising on Monday.  Brent crude gained 1% on Monday but lost 0.5% early on Tuesday.  U.S. West Texas Intermediate rose 0.7% on Tuesday morning after contracts did not settle on Monday because U.S. markets were closed for a holiday.  Investors are anticipating that Western countries could put more pressure on China and India to stop buying Russian oil, which would tighten supply. Oil (NYSEARCA:OIL) 29.15 -2.15% Gold (NYSEARCA:GLD) 171.26 0.30% Silver (NYSEARCA:SLV) 20.01 0.86% Corn (NYSEARCA:CORN) 26.64 0.53% Lumber (NASDAQ:WOOD) 74.90 -0.52% *Commodity prices are as of 7 am ET. Data from MarketWatch. To understand why investors track the prices of these commodities, .

Currency Exchange Rates The U.S. Dollar rose on Monday amid expectations that the Federal Reserve will continue hiking interest rates.  Trading volumes decreased on Monday as U.S. markets were closed for Presidents Day.  The USD rose as investors expected the Fed to further tighten its monetary policy due to persistent inflation and a strong jobs market.  The Chinese Yuan fell after the People's Bank of China announced it would not be changing its lending rates.  UK(GBP) £0.83 0.07% Europe (EURO) €0.94 0.18% Canada (Canadian Dollar) $1.35 -0.05% Japan (Yen) ¥134.44 0.10% *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 After rising on Monday and into Tuesday morning, Bitcoin is approaching the $25,000 price point.  Retail crypto investors in emerging economies are estimated to have lost $200B in the FTX collapse.  Galois Capital halted all trading after losing $40M due to the FTX collapse.  In private OTC markets, bankruptcy claims against FTX are currently selling at $0.20 to the dollar, despite the company projecting it can return $0.50 to the dollar over the next five years.  Bitcoin $24,925.30 2.42% Ethereum $1,698.79 -0.17% Litecoin $95.89 0.07% Bitcoin Cash $150.71 10.74% *Exchange rates as of 7 am ET. Data from Morningstar Financial Research. To understand why we track these currencies and the differences between them, .