Stock futures rose overnight after a selloff on Monday.
The Canada Food Price Report forecasts that the cost of groceries will increase by 7% next year.
European markets saw losses on Monday despite positive movements in Asia hours earlier.
|Euro STOXX 50||3,956.53||-0.54%|
|UK (FTSE 100)||7,567.54||0.15%|
|France (CAC 40)||6,696.96||-0.67%|
Shares in Asia were down on Tuesday morning after rising on Monday.
China briefly paused trading on Tuesday to commemorate former President Jiang Zemin, who died last week.
China is expected to ease its “Zero Covid” strategy following protests and despite high case numbers.
Hon Hai Precision Industry, an Apple supplier, was down after reporting that its revenue fell by 11% in November and 29% since the start of October.
|S&P Asia 50||4,518.19||2.13%|
|Japan (Nikkei 225)||27,857.08||0.13%|
|South Korea (KOSPI)||2,407.17||-0.50%|
|China (Hang Seng)||19,485.15||-0.17%|
Oil prices were down on Monday amid concerns about how future rate hikes could impact the U.S. economy.
The U.S. Dollar rose on Monday, following reports that the U.S. services industry saw increased activity in November.
The non-manufacturing PMI reached 56.5 in November, up from 54.4 in October.
The U.S. Dollar was down 1.4% last week and 5% in November — its worst month since 2010.
The dollar was up against all major currencies on Monday, including the Yuan, Yen, Euro, and Pound.
|Canada (Canadian Dollar)||$1.36||0.58%|
Bitcoin and Ether were down slightly during Monday trading hours with declining trading volume.