Today's key market insights

US markets

The Dow Jones rose on Friday, while the S&P and the Nasdaq were down on the half-day of trading.

All three major indexes rose on the week. The Dow gained 1.78%, S&P 500 climbed 1.53%, and the Nasdaq was up 0.72%.
Earnings have been solid, and consumer spending hasn’t dropped, which has helped increase investor confidence.
The current 10 Year U.S. Treasury yield is set at 3.70010%.

Market	Price	Move
Dow Jones	34,347.03	0.45%
S&P 500	4,026.12	-0.03%
Nasdaq	11,226.36	-0.52%
Russell 2000	1,869.19	0.30%

Canadian markets

Data from Ratehub.ca shows that homebuyers in 2022 are paying up to 250% more in interest during the first year of their mortgage than in 2021.

In October 2021, a homebuyer with a $600,000 mortgage would have paid an average of $12,310 in interest in the first 12 months.
In October 2022, a homebuyer with a $600,000 mortgage would have paid an average of $30,819 in interest in the first 12 months.
The average house price in Canada has decreased by 9.9% from October 2021 to October 2022.
According to Canada Mortgage and Housing Corporation, the most common mortgage continues to be the five-year fixed rate with 25 years of amortization.

Market	Price	Move
TSX	20,383.77	0.20%

European markets

European markets were flat on Friday following an upward trend in the first four days of the week.

The Stoxx 600 lost 0.25% on Friday after gaining at the start of the session before a downturn.
The Stoxx 600 had its sixth consecutive winning week and also hit a three-month high last week.
Credit Suisse shares are at an all-time low after losing more than 5%.

Market	Price	Move
Euro STOXX 50	3,962.41	0.01%
UK (FTSE 100)	7,486.67	0.27%
Germany (DAX)	14,541.38	0.01%
France (CAC 40)	6,712.48	0.08%

Asian markets

Shares in Asia were down on Friday after a volatile week of trading.

Casino stocks in China saw losses. MGM China fell by 4%, Mynn Macau lost 2.5%, Sands China dropped by 3%, and SJM Holdings declined by 2.7%.
Technology stocks in Hong Kong were also down as Tencent fell by 3%, Meituan lost 3.17%, and Bilibili dropped 4.36%.
Japan’s inflation rate hit a 40-year high after consumer prices rose by 3.6% in November on an annualized basis.

Market	Price	Move
S&P Asia 50	4,213.96	-0.51%
Japan (Nikkei 225)	28,283.03	-0.35%
South Korea (KOSPI)	2,437.86	-0.14%
China (Hang Seng)	17,573.58	-0.49%
India (SENSEX)	62,293.64	0.03%

Commodities

Oil prices were down on Friday due to continuing concerns about demand from China, where COVID-19 cases are increasing.

Brent crude futures lost 1.6% and U.S. West Texas Intermediate crude fell 1.7%.
On the week, the benchmark crudes lost 3.8% and 3.9%, respectively.
The G7 and EU have been discussing putting a price cap on Russian oil at between $65 and $70 per barrel.

Market	Price	Move
Oil (NYSEARCA: OIL)	29.08	-0.86%
Gold (NYSEARCA: GLD)	163.22	0.09%
Silver (NYSEARCA: SLV)	19.72	-0.45%
Corn (NYSEARCA: CORN)	26.64	0.91%
Lumber (NASDAQ:WOOD)	76.55	0.03%

Currency exchange rates

The U.S. Dollar increased slightly on Friday after falling a day earlier.

China’s central bank said it would cut the amount of reserves banks had to hold.
The Chinese Yuan lost over 0.4% following the news and has been negative for two consecutive weeks.
The Japanese Yen lost 0.5% after data showed that Japan’s annual inflation hit a 40-year high.

Market	Price	Move
UK(GBP)	£0.83	0.17%
Europe (EURO)	€0.96	-0.06%
Canada (Canadian Dollar)	$1.34	0.47%
Japan (Yen)	¥139.13	0.38%

Cryptocurrency

Bitcoin has been holding its price since Wednesday despite suppressed trading volume in the U.S.

Brendan Blumer, the Founder of Block.One has purchased a 9.3% stake in Silvergate Capital, making him the largest shareholder in the company.
Incoming Kraken CEO Dave Ripley said he believes that self-custody and regulation will be the future of the crypto industry.
Flashbots, an Ethereum R&D firm, is building a plug-and-play solution to change how validators earn MEV.

Market	Price	Move
Bitcoin	$16,475.20	-0.67%
Ethereum	$1,205.29	0.58%
Litecoin	$76.19	2.90%
Bitcoin Cash	$112.24	-2.98%

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