US Markets
Stock futures were up overnight after a very strong day on Wall Street.
- Amazon, Meta, and Microsoft led the recovery of technology stocks.
- Banks were also up as they reported higher earnings. Bank of America gained over 6% and New York Mellon rose over 5%.
- The current 10 Year U.S. Treasury yield is set at 3.99520%
Market |
Price |
Move |
Dow Jones |
30,185.82 |
1.86% |
S&P 500 |
3,677.95 |
2.65% |
Nasdaq |
10,675.80 |
3.43% |
Russell 2000 |
1,735.75 |
3.17% |
Canadian Markets
Business sentiment in Canada is near its lowest point since the start of the pandemic.
- The Bank of Canada has lowered its Q3 2022 business growth forecast to 1.69%, from the 4.87% it previously predicted.
- The Bank of Canada is still expected to raise interest rates in October and November.
- Despite the negative outlook, 40% of workers expect a more than 4% raise in the next year.
Market |
Price |
Move |
TSX |
18,621.02 |
1.61% |
European Markets
European markets also rose on Monday as investors continued to react to the changes in the U.K. government’s policy.
- After being named Chancellor of the Exchequer last week, Jeremy Hunt cancelled almost all the policies announced in the first budget of Prime Minister Liz Truss.
- The Stoxx600 was up 1.8%, led by the automotive industry, which gained 2.8%.
- Darktrace surged 13.5% on Monday, leading the Stoxx600.
Market |
Price |
Move |
Euro STOXX 50 |
3,441.64 |
1.77% |
UK (FTSE 100) |
6,920.24 |
0.90% |
Germany (DAX) |
12,649.03 |
1.70% |
France (CAC 40) |
6,040.66 |
1.83% |
ATHENA EA
Award Winning Momentum TradingPromo
Presented by
Chris Svorcik
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Asian Markets
Markets were up on Tuesday after the positive rally on Monday in the U.S. stock markets.
- Australian stocks were strong, gaining 1.27% ahead of the release of the minutes from the last meeting of the Reserve Bank of Australia.
- The Japanese markets and yen also increased significantly upon opening.
- China will be releasing its GDP data today.
Market |
Price |
Move |
S&P Asia 50 |
3,759.90 |
-0.54% |
Japan (Nikkei 225) |
27,030.11 |
0.95% |
South Korea (KOSPI) |
2,238.93 |
0.87% |
China (Hang Seng) |
16,860.20 |
1.49% |
India (SENSEX) |
58,410.98 |
0.85% |
Commodities
Oil prices were flat on Monday as investors felt less pressure from the negative economic data.
- Brent was down 0.15% and U.S. West Texas Intermediate crude lost 0.06% — both fell more than 6% last week.
- Despite the plateau, trading volume and market sentiment remain low.
- Oil supply remains limited as OPEC+ moves forward with its production cuts.
Market |
Price |
Move |
Oil (NYSEARCA:OIL) |
30.43 |
0.07% |
Gold (NYSEARCA:GLD) |
152.98 |
0.29% |
Silver (NYSEARCA:SLV) |
16.81 |
1.84% |
Corn (NYSEARCA:CORN) |
27.60 |
-1.05% |
Lumber (NASDAQ:WOOD) |
67.69 |
3.13% |
Currency Exchange Rates
Bitcoin was up slightly on Monday as its trade volume returned back to its normal levels after falling over the past two weeks.
- The broader cryptocurrency market gained ~1.3% on Monday, moving alongside Bitcoin.
- POLY soared 27% and was one of the best-performing altcoins on the market.
- The attacker behind the Temple DAO exploit has moved over $2.5M in stolen proceeds to Tornado Cash, which will help anonymize further transactions.
Market |
Price |
Move |
UK(GBP) |
£0.88 |
-0.57% |
Europe (EURO) |
€1.02 |
-0.94% |
Canada (Canadian Dollar) |
$1.38 |
-0.69% |
Japan (Yen) |
¥149.15 |
0.34% |
Cryptocurrency
Bitcoin was up slightly on Monday as its trade volume returned back to its normal levels after falling over the past two weeks.
- The broader cryptocurrency market gained ~1.3% on Monday, moving alongside Bitcoin.
- POLY soared 27% and was one of the best-performing altcoins on the market.
- The attacker behind the Temple DAO exploit has moved over $2.5M in stolen proceeds to Tornado Cash, which will help anonymize further transactions.
Market |
Price |
Move |
Bitcoin |
$19,562.10 |
1.51% |
Ethereum |
$1,326.88 |
-0.35% |
Litecoin |
$51.75 |
-0.17% |
Bitcoin Cash |
$109.81 |
-0.44% |
Good trading,
Chris Svorcik
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