Today’s key market insights

US markets

Stocks were down on Monday for a fourth consecutive trading session due to concerns about an end-of-year sell-off and a potential recession in 2023.

  • The week before Christmas often sees the “Santa Claus Rally,” but investors are still awaiting positive signals after negative stock movements this month, including the first back-to-back negative weeks in three months.

  • So far this month, the Nasdaq is down 8%, S&P 500 has lost 6.4%, and the Dow has dropped 5.3%.

  • The current 10 Year U.S. Treasury yield is set at 3.58640%.

Market Price Move
32,757.54 -0.49%
S&P 500 3,817.66 -0.90%
Nasdaq 10,546.03 -1.49%
Russell 2000 1,738.58 -1.41%


Canadian markets

Job vacancies in Canada were down in Q3 2022 after hitting a record high in Q2, according to new data released by Statistics Canada.

  • There were 1.1 unemployed people in Q3 for each vacant job in the country, down from 2.3 unemployed people for each vacant job in Q1 2020.

  • The job vacancy rate, which measures the number of vacant jobs proportional to the total amount of workers in the country, was 5.4%.

  • There were 959,600 open jobs.

Market Price Move
TSX 19,200.76 –1.25%


European markets

European stocks were up on Monday, breaking away from the negative sentiment surrounding U.S. equities.

  • The Stoxx 600 gained 0.25%, with all major sectors finishing positive on Monday.

  • Oil and gas stocks led gains with a 1.7% increase.

  • Volkswagen was the worst-performing stock, losing 10.6% on the day, after it was announced that Oliver Blume would be CEO of both Volkswagen and Porsche.

Market Price Move
Euro STOXX 50 3,811.24 0.19%
UK (FTSE 100) 7,361.31 0.40%
UK (FTSE 100) 13,942.87 0.36%
6,473.29 0.32%


Asian markets

Stocks in Asia were down on Monday after the publication of negative news stories in multiple countries.

  • The Shanghai Composite fell nearly 2% after it was announced that most schools in Shanghai would be closed due to COVID-19 surges.

  • The Bank of Japan will announce its monetary policy decision later today and is expected to keep its current interest rates.

  • .According to the World Economic Sales Managers Survey, business confidence in China has fallen to an all-time low. (The survey began tracking sentiment in 2013).

Market  Price Move
S&P Asia 50 4,436.44 -0.07%
Japan (Nikkei 225) 27,237.64 -1.05%
South Korea (KOSPI) 2,352.17 -0.33%
China (Hang Seng) -0.50%
India (SENSEX) 61,806.19 0.76%



Oil prices rose on Monday amid expectations that China will further relax COVID-19 restrictions after Beijing reiterated its commitment to economic growth in 2023.

  • The government said it expects three COVID-19 waves, including the current one, but that it will step in to provide support for the economy next year.

  • Brent gained 1% and U.S. West Texas Intermediate crude rose 1.6% on Monday.

  • The U.S. Energy Department on Friday said it will start restocking the Strategic Petroleum Reserve, which is putting upward pressure on prices.

Market  Price Move
Oil (NYSEARCA:OIL) 28.76 2.13%
Gold (NYSEARCA:GLD) 166.32 -0.28%
Silver (NYSEARCA:SLV) 21.12 -1.17%
Corn (NYSEARCA:CORN) 25.85 -0.81%
Lumber (NASDAQ:WOOD) 72.43 -0.90%


Currency exchange rates

The U.S. Dollar was down on Monday as investors took more of a risk-on approach and backed higher-risk currencies.

  • New Zealand and Australian Dollars, both of which are considered higher-risk, were up on the day.

  • The Rand in South Africa gained 2% after President Cyril Ramaphosa was re-elected as head of the ruling party.

  • The Japanese Yen lost ground against the U.S. Dollar ahead of the Bank of Japan’s interest rate decision today.

Market Price Move
UK(GBP) £0.82 -0.07%
Europe (EURO) €0.94 -0.14%
Canada (Canadian Dollar) $1.36 -0.75%
Japan (Yen) ¥136.86 0.11%



Binance US has agreed to purchase Voyager Digital’s assets for $1.022B.

  • Binance.US will make a good faith deposit of $10M and reimburse Voyager $15M for expenses that occurred during the acquisition process.

  • Voyager had previously agreed to sell its assets to FTX for $1.4B.

  • The bankruptcy court in charge of the FTX collapse still needs to approve the purchase. A hearing is set for Jan. 5.

  • Filecoin has lost 28% in the last five days after long positions in the token worth a total of $5.7M were liquidated last week.

Market Price Move
Bitcoin $16,419.20 -2.16%
Ethereum $1,166.64 -1.41%
Litecoin 63.00 -2.22%
Bitcoin Cash $98.75 -4.14%


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