Market Outlook US futures rise overnight after positive session on Monday

 

US Markets U.S. stock futures were up overnight ahead of the month's final trading day.  The Dow Jones gained 0.22% on Monday, while the S&P 500 and Nasdaq Composite rose 0.31% and 0.63%, respectively. The Dow has lost 3.5% so far this month, the S&P 500 has dropped 2.3%, and the Nasdaq is down 1%.  Zoom surged 8% in after-hours trading after announcing higher-than-expected earnings. The current 10 Year U.S. Treasury yield is set at 3.92490%. Dow Jones  32,889.09 0.22% S&P 500  3,982.24 0.31% Nasdaq  11,466.98 0.63% Russell 2000 1,896.27 0.31% *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 According to a study from the Financial Services Regulatory Authority of Ontario, homebuyers are increasingly interested in private mortgages as interest rates rise.  Private lenders are becoming popular because they offer more flexible terms.  66% of individuals said that they wouldn't make payments that go toward lender fees or broker commissions.  In 2021, 10.6% of mortgages in Ontario were private mortgages. This percentage likely increased last year and is expected to continue rising.  TSX  20,260.13 0.20% *Canadian stock prices are as of the last close. Data received directly from the references indexes through ICE Data Services

European Markets European markets were up on Monday, rebounding from their worst week of the year.  The Stoxx 600 gained 1.1% on the day. All sectors ended the day in the green but travel and leisure stocks led gains. The U.K. and EU signed a deal that will regulate trade between the Republic of Ireland, an EU member, and Northern Ireland.  Euro STOXX 50  4,248.01 1.66% UK (FTSE 100)  7,935.11 0.72% Germany (DAX)  15,381.43 1.13% France (CAC 40) 7,295.55 1.51% *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 up on Tuesday morning as investors reacted to economic data from across the continent.  Australian stocks rose after data showed that retail sales were up 1.9% from December to January.  Data due out today is expected to show that India's economy grew by 4.6% in Q4, on an annual basis.  The Bank of Japan has confirmed its commitment to a 2% inflation target.  S&P Asia 50 4,583.26 0.00% Japan (Nikkei 225) 27,541.40 0.43% South Korea (KOSPI) 2,426.00 0.97% China (Hang Seng) 20,079.89 0.68% India (SENSEX) 59,288.35 -0.30% *Asian stock prices are as of 7 am ET. Data received directly from the reference indexes through ICE Data Services.

Commodities Oil prices fell on Monday amid expectations that the Federal Reserve will raise interest rates again.  Brent lost 1% and U.S. West Texas Intermediate crude dropped 0.8%.  Russia is set to cut oil exports from its western ports by 25% from February to March, well above the 5% expected by analysts.  The Energy Information Administration said late last week that U.S. crude oil stockpiles are at their highest level in 20 months.  Oil (NYSEARCA:OIL) 28.82 -0.35% Gold (NYSEARCA:GLD) 169.01 0.38% Silver (NYSEARCA:SLV) 18.93 -0.84% Corn (NYSEARCA:CORN) 25.48 -0.74% Lumber (NASDAQ:WOOD) 73.37 1.07% *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 was down on Monday after finishing last week at a seven-year high.  The Euro and the British Pound rose after the EU and the U.K. signed a deal to regulate trade in Northern Ireland.  The U.S. Dollar Index lost 0.5% on Monday.  Traders are still predicting that U.S. interest rates will peak at 5.4% in July.  UK(GBP) £0.83 -0.92% Europe (EURO) €0.94 -0.10% Canada (Canadian Dollar) $1.36 -0.40% Japan (Yen) ¥136.22 -0.20% *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 Bitcoin remained at the $23.5k price point on Monday after some volatility last week.  Coinbase's trading volume has surpassed Uniswap's.  Digital Currency Group announced a loss of $1.1B in 2022.  Coinbase will suspend trading of Binance's USD stablecoin on March 13.  Bitcoin $23,478.60 1.32% Ethereum $1,633.51 -0.39% Litecoin $94.44 -0.84% Bitcoin Cash $134.82 1.25% *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.