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U.S, Canadian, European, Asian Market analysis and U.S currency exchange rates.

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U.S. Markets.

Stock futures are lower today as the markets are set to end what has been a losing week on a negative note. For the S&P 500 and the Dow Jones this will be their worst week in three months while for the Nasdaq it is the worst in four months. 

 As of closing yesterday, the S&P 500 is down 1.4%, the Dow Jones is down 1.75% and the Nasdaq is down 1.9%.
 Tesla shares are down 6% despite having their AI day where they revealed new custom chips and a humanoid robot. 
 Foot Locker shares are up 6.2% this morning after reporting earnings of $2.21 per share above estimates of $1.01. 

  Lordstown Motors is up 2.1% after falling 9.5% yesterday. 

 The current 10 Year US Treasury yield is set at 1.23160%. This is significantly lower than the 1.78% in March. 

 Jones.    34,894.12  -0.19% 

S&P 500   4,405.80  0.13%

 Nasdaq   14,541.79 0.11% 

Russell 2000  2,132.42 -1.22% 

*Stock Market data as of the last closing bell. Data received directly from the references indexes through ICE Data Services. Do you not understand any of these figures? Check out our explainer.

 Canadian Markets 

 Canada's banks are amongst the leaders in the world and its financial sector is heavily reliant on the performance of the Big Six. 

So far in 2021, these banks have far surpassed any investor expectations, generating large returns for investors. 

This trend, however, seems to be coming to a close. Analysts for the banks are warning that their strategies were developed on the assumption that COVID-19 would no longer affect the Canadian economy by Q3 2021. 

Due to the spread of the delta variant, these banks could see significant barriers to provide credit services as they rebalance their books to account for higher COVID-19 risks. 

 TSX 20,215.36 -0.43% 

 *Canadian stock prices are as of the last close. Data received directly from the references indexes through ICE Data Services

  European Markets

  European stocks are also down today and headed for their worst week in seven months. Investors have had numerous reasons to be negative with geopolitical tensions in Afghanistan, Chinese tech company sanctions and the spread of the delta variant.

 U.K. retail sales fell 2.5% from June to July despite the country reopening in mid-July. 

U.K. supermarkets are outperforming markets today with Marks & Spencer up 12% and Morrisons up 4.2%. Germany's Producer Price Index rose 1.9% from June to July, another low-level indicator of widespread inflation. 

Euro STOXX 50 4,120.75 -0.10%

UK (FTSE 100) 7,048.68  -0.14% 

Germany (DAX) 15,698.40 -0.43% 

France (CAC 40) 6,585.84 -0.30% 

*European stock prices are as of 7am ET.Data received directly from the references indexes through ICE Data Services. 

 Asian Markets

  Stocks in Asia continue to drop, with major industries in all countries seeing large losses. Japan's automotive industry saw Toyota lose 4.09%, Nissan fall 7.25%, and Honda drop 4.84%. 

China's technology industry saw Alibaba fall 2.59%, JD.com fall 2.11% and Meituan shed 4.54%. Chinese policymakers left their loan prime rates unchanged, as expected.

 Malaysia appointed its third prime minister in three years, although the announcement came after market close, so investors' reactions won't be seen until next week. 

Data screen shot of Asian Markets
Screen shot of data

Asian stock prices are as of 7am ET.Data received directly from the references indexes through ICE Data Services. 

 Currency Exchange Rates

  The U.S. Dollar continued strong following the release of the Federal Reserve minutes on Wednesday. As a result, other currencies are quickly losing their relative value. 

 The Canadian Dollar has set a new six-month low against the U.S. Dollar. 

 Both the Australian and New Zealand dollars continue to sit near nine-month lows.

 The 1.1% gain in the value of the U.S. Dollar relative to its six largest national fiat alternatives marks its best week in two months.

 UK(GBP) £0.73 0.12% Europe (EURO) €0.86 0.04% Canada (Canadian Dollar) $1.29 0.50% Japan (Yen) ¥109.69 -0.07% *Exchange rates as of 7am ET. 

Data from Morningstar Financial Research. To understand why we track these currencies and the differences between them, Click here

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