US Markets
Markets were up on Friday as investors continued to analyze statements from the Federal Reserve and the impact of retail earnings reports.
- The major indexes were down for the week, with the Dow losing 0.01%, the S&P 500 losing 0.69%, and the Nasdaq down 1.57%.
- All the major indexes are still up in November despite last week’s negative performance.
- The current 10 Year U.S. Treasury yield is set at 3.82700%
Market |
Price |
Move |
Dow Jones |
32,403.22 |
1.26% |
S&P 500 |
3,770.55 |
1.36% |
Nasdaq |
10,475.25 |
1.28% |
Russell 2000 |
1,799.87 |
1.13% |
Canadian Markets
The CRA announced that Canadians’ tax-free savings account contribution limit would be increased by $500 to $6,500.
- The limit only applies to those already at the maximum contribution for past years.
- The latest estimates from the Canada Revenue Agency show that only 10% of TFSA holders contribute to their maximum.
- The total space allowable now for those that were 18 or older in 2009 is $88,000.
Market |
Price |
Move |
TSX |
19,449.81 |
1.08% |
European Markets
European markets were up on Friday as investors reacted to the U.S.’s potential changes in monetary policy.
- The Stoxx 600 was up 1.1% on Friday after losses earlier in the day.
- Retail and automotive stocks led the markets, gaining 2% as all industries were up on the day.
- Verbund was the best-performing stock in Europe, gaining 8.2%.
- Fuchs was the worst-performing stock losing 4.6%.
Market |
Price |
Move |
Euro STOXX 50 |
3,688.33 |
2.65% |
UK (FTSE 100) |
7,334.84 |
2.03% |
Germany (DAX) |
13,459.85 |
2.51% |
France (CAC 40) |
6,416.44 |
2.77% |
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Asian Markets
Stocks in Asia were mixed on Friday in response to local economic data.
- Japan’s core consumer price index was 3.6% higher than last year. This is Japan’s fastest consumer price increase in over 40 years.
- Alibaba’s biggest sales day, Singles Day, was disrupted by COVID-19 suggest, which caused delivery issues. Alibaba also announced $15B in share buybacks.
- Defence stocks in South Korea were up after North Korea confirmed they launched an inter-continental ballistic missile.
Market |
Price |
Move |
S&P Asia 50 |
3,717.97 |
3.68% |
Japan (Nikkei 225) |
27,199.74 |
-1.68% |
South Korea (KOSPI) |
2,348.43 |
-0.83% |
China (Hang Seng) |
16,161.14 |
5.39% |
India (SENSEX) |
60,950.36 |
0.19% |
Commodities
Oil prices were down by more than $2 a barrel on Friday, leading to a second straight weekly loss for oil prices.
- Brent crude was down 3.1%, and U.S. West Texas Intermediate crude was down 3.2% on Friday.
- Last week, Brent crude fell by 9%, and U.S. West Texas Intermediate crude was down 10.5%.
- The EU’s ban on Russian Crude will come into effect in three weeks, creating pressure on markets.
Market |
Price |
Move |
Oil (NYSEARCA:OIL) |
33.47 |
4.95% |
Gold (NYSEARCA:GLD) |
156.47 |
3.07% |
Silver (NYSEARCA:SLV) |
19.26 |
7.36% |
Corn (NYSEARCA:CORN) |
27.25 |
0.37% |
Lumber (NASDAQ:WOOD) |
71.93 |
3.53% |
Currency Exchange Rates
The U.S. dollar was down slightly over the weekend after gaining on Friday.
- The U.S. dollar had its largest weekly gain over a month last week.
- The U.S. dollar appears to be trending back upwards after losing more than 4% last week after better-than-expected inflation figures.
- British retail figures showed that consumers were spending more despite the country’s 41-year high inflation rate, which helped boost the currency.
Market |
Price |
Move |
UK(GBP) |
£0.88 |
0.04% |
Europe (EURO) |
€1.01 |
-0.93% |
Canada (Canadian Dollar) |
$1.35 |
-1.69% |
Japan (Yen) |
¥146.61 |
-0.86% |
Cryptocurrency
Most cryptos have stabilized following a downfall last week caused largely by the FTX bankruptcy.
- Solana Foundation has revealed that it was heavily invested in FTX, which has caused SOL to fall by 56% in the last seven trading days.
- Visa has officially ended its partnership with FTX, which would have seen crypto debit cards released in 40 cities.
- Bitfarms has paid down $27M in debt as crypto companies attempt to limit their liabilities and improve liquidity.
Market |
Price |
Move |
Bitcoin |
$16,546.70 |
-1.38% |
Ethereum |
$1,238.71 |
1.50% |
Litecoin |
$56.80 |
-0.84% |
Bitcoin Cash |
$102.48 |
-0.05% |
Good trading,
Chris Svorcik

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