Today’s key market insights

US markets

Stock futures were down slightly overnight after a negative day for U.S. equities on Wednesday.

  • After announcing a half a percentage point interest rate hike, the Federal Reserve said it would continue to increase interest rates throughout 2023 and forecasted that the terminal rate will go above 5.1%, higher than expected.

  • U.S. interest rates are currently at a 15-year high of 4.5%.

  • The current 10 Year U.S. Treasury yield is set at 3.50270%.

Market Price Move
Dow Jones 33,947.10 -1.40%
S&P 500 3,998.84 -1.79%
Nasdaq 11,239.94 -1.93%
Russell 2000 1,840.22 -2.78%


Canadian markets

The Canada Food Price Report forecasts that the cost of groceries will increase by 7% next year.

  • The report estimates that a family of four will need to spend CA$16,288 on groceries in 2023, an increase of CA$1,065 from this year.

  • A single woman in her 40s is expected to spend CA$3,740 on groceries, while a single man would spend CA$4,168.

  • Vegetables are expected to rise by 8%, seafood by 6%, fruit by 5%, and milk by 11%. 20% of Canadians will likely continue relying on food banks, the report says.

Market Price Move
TSX 20,242.26 –1.19%


European markets

European markets saw losses on Monday despite positive movements in Asia hours earlier.

  • The Stoxx 600 was down 0.4% on the day, with almost all sectors ending in the red.

  • Food and beverage stocks fell 1.5% on the day, leading losses, while basic resource stocks gained 0.6%.

  • SBB, a Scandinavian real estate company, was up 13%, leading gains, while Rational, a German appliance manufacturer, dragged down markets with an 8% drop.

Market Price Move
Euro STOXX 50 3,956.53 -0.54%
UK (FTSE 100) 7,567.54 0.15%
Germany (DAX) 14,447.61 -0.56%
France (CAC 40) 6,696.96 -0.67%


Asian markets

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.

Market Price Move
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%
India (SENSEX) 62,834.60 -0.05%



Oil prices were down on Monday amid concerns about how future rate hikes could impact the U.S. economy.

  • Brent crude lost 3%, while U.S. West Texas Intermediate fell 3.3%.

  • Economic and manufacturing activity in China remains suppressed due to COVID-19 regulations and high case numbers, which has caused a decline in demand for oil.

  • OPEC+ confirmed that it plans to cut output by 2 million barrels a day through the end of 2023.

Market Price Move
Oil (NYSEARCA: OIL) 29.38 -3.13%
Gold (NYSEARCA: GLD) 164.39 -1.72%
Silver (NYSEARCA: SLV) 20.44 -3.99%
Corn (NYSEARCA: CORN) 25.65 -0.77%
Lumber (NASDAQ: WOOD) 75.55 -1.33%


Currency exchange rates

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.

Market Price Move
UK(GBP) £0.82 0.68%
Europe (EURO) €0.95 0.24%
Canada (Canadian Dollar) $1.36 0.58%
Japan (Yen) ¥136.55 1.67%



Bitcoin and Ether were down slightly during Monday trading hours with declining trading volume.

  • Ethereum has turned inflationary again after activity on the network fell.

  • CRO gained more than 10% after announced that it was launching a series of NFTs with Coca-Cola for the World Cup.

  • Nexo said it plans to stop offering products and services in the U.S.

Market Price Move
Bitcoin $17,025.90 0.71%
Ethereum $1,264.23 -1.34%
Litecoin 80.98 4.79%
Bitcoin Cash $111.11 1.22%


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