US Markets The S&P 500 rose on Thursday as concerns about the health of U.S. mid-sized banks continue to ease. - The Cboe Volatility Index is currently at 19 after peaking at 30 in mid-March.
- Weekly jobless claims increased to 198,000, up from 191,000 a week earlier.
- The current 10 Year U.S. Treasury yield is set at 3.55260%
| Dow Jones | 32,859.03 | 0.43% | | S&P 500 | 4,050.83 | 0.57% | | Nasdaq | 12,013.47 | 0.73% | | Russell 2000 | 1,768.38 | -0.18% |
*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 The Canada Revenue Agency is expected to launch a new automatic fling system next year. - The system could help Canadians who risk losing tax benefits if they fail to file their taxes on time.
- Automatic filing, which exists in countries such as the U.K. and New Zealand, was promised by the Liberal government as part of its 2020 platform.
- Between 10% and 12% of Canadians don't file their taxes, as of 2020, and research shows that many non-filers are low-income citizens.
- In 2015, non-filers lost $1.7B in benefits they could have claimed.
*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 Thursday for a third day running. - The Stoxx 600 gained 1% on the day, led by retail stocks, which rose 3.7%.
- H&M surged 16% after announcing a profit for Q1 despite expectations that the clothing giant would report a loss.
- Tech stocks, which have been volatile this week, rose 2.5% yesterday.
- Banking stocks were up again, with UBS shares rising for the second consecutive day.
| Euro STOXX 50 | 4,285.42 | 1.28% | | UK (FTSE 100) | 7,620.43 | 0.74% | | Germany (DAX) | 15,522.40 | 1.26% | | France (CAC 40) | 7,263.37 | 1.06% |
*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 stocks were mixed on Thursday as markets calmed after the recent banking turmoil. - In Australia, stocks hit a two-week high, with the country's four largest banks posting gains of between 0.93% and 2.3%.
- Australian tech stocks were up. Buy now, pay later firm Zip gained 7.4% and Block, a mobile phone payment company, rose more than 4%.
- Tech stocks were also up in Japan and China on Thursday.
| S&P Asia 50 | 4,752.62 | 1.97% | | Japan (Nikkei 225) | 27,782.93 | -0.36% | | South Korea (KOSPI) | 2,453.16 | 0.38% | | China (Hang Seng) | 20,309.13 | 0.58% | | India (SENSEX) | 57,960.09 | 0.60% |
*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 rose after new data showed that U.S. crude stockpiles declined to a two-year low last week. - Oil companies operating in the Kurdistan region have curtailed operations after the pipeline that transports their crude to a Turkish port was shut down following an arbitration ruling.
- Brent crude gained 1.3% and U.S. West Texas Intermediate crude rose 1.9%.
- U.S. crude inventories declined by 7.5 million barrels last week, whereas analysts expected a 100,000-barrel increase.
| Oil (NYSEARCA:OIL) | 28.37 | 1.83% | | Gold (NYSEARCA:GLD) | 184.18 | 0.90% | | Silver (NYSEARCA:SLV) | 21.94 | 2.33% | | Corn (NYSEARCA:CORN) | 25.16 | -0.51% | | Lumber (NASDAQ:WOOD) | 71.16 | 0.98% |
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Currency Exchange Rates The U.S. Dollar hit a one-week low against the Euro as it continued to decline. - The Euro rose after data showed that inflation is easing in Germany.
- Consumer prices in Spain increased by 3.3% in March, the lowest annual inflation rate since August 2021.
- The U.S. Dollar Index lost 0.5% on Thursday.
| UK(GBP) | £0.81 | -0.51% | | Europe (EURO) | €0.92 | -0.65% | | Canada (Canadian Dollar) | $1.35 | -0.55% | | Japan (Yen) | ¥133.44 | 1.82% |
*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 Bitcoin and Ethereum remained relatively flat despite the significant amount of economic data released yesterday. - Flybondi, an Argentinian airline, is partnering with TravelX to offer all of its tickets as NFTs.
- Coinbase has hired Lucas Matheon, formerly of Shopify, to oversee its Canadian operations.
- USDC continues to be the most dominant stablecoin despite losing its peg to the U.S. Dollar earlier this month.
| Bitcoin | $28,154.30 | 3.23% | | Ethereum | $1,801.10 | 0.44% | | Litecoin | $88.90 | -2.67% | | Bitcoin Cash | $121.09 | 0.12% | |
*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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