Today's key market insights

US markets

U.S. stock futures were flat overnight after falling on Monday amid protests in China over Beijing’s “Zero Covid” policy.

The S&P CoreLogic Case-Shiller Home Price Index will be released this morning, showing the change in home prices in September. In August, the index showed that home prices rose 13% year over year.
Investors are betting against the crypto industry, with MicroStrategy having a 40% short interest as a percentage of total float.
The current 10 Year U.S. Treasury yield is set at 3.69770%.

Market	Price	Move
Dow Jones	33,849.46	-1.45%
S&P 500	3,3963.94	-1.54%
Nasdaq	11,049.50	-1.58%
Russell 2000	1,830.96	-2.05%

Canadian markets

Shopify reported that its sales on Black Friday were up 17% compared to last year.

Shopify reported $3.36B in transactions on its platform on Black Friday.
There was strong demand for apparel, beauty, and home and garden products, Shopify said.
Data from Sensormatic Solutions shows that foot traffic in retail stores in the U.S. fell by 2.9% compared to 2021.

Market	Price	Move
TSX	20,220.49	-0.80%

European markets

European markets fell on Monday amid concerns over political unrest in China over Covid restrictions.

The Stoxx 600 fell 0.7%, with the oil and gas market leading losses with a 1.4% drop.
There was strong demand for smartphones, Christmas decorations, sweaters, and jewelry on Black Friday but European retailers forecast that sales will fall this holiday season.
Data from Zoopla, a property website, shows that demand for real estate in the U.K. fell by 44% year over year in the four weeks to Nov. 20.

Market	Price	Move
Euro STOXX 50	3,935.51	-0.68%
UK (FTSE 100)	7,474.02	-0.17%
Germany (DAX)	14,383.36	-1.09%
France (CAC 40)	6,665.20	-0.70%

Asian markets

Shares in Asia were down on Tuesday morning after falling on Monday.

Youth unemployment in China is close to 20% due to the economic issues caused by restrictive COVID-19 policies over the past three years.
China is considering setting up COVID-19 “bubbles” for business and sports events.
Chinese airlines saw gains on Monday, with China Eastern Airlines rising 6% and Cathay Pacific up 3%.

Market	Price	Move
S&P Asia 50	4,156.78	-1.36%
Japan (Nikkei 225)	28,034.84	-0.45%
South Korea (KOSPI)	2,412.53	0.18%
China (Hang Seng)	17,579.64	1.63%
India (SENSEX)	62,504.80	0.34%

Commodities

Brent crude fell on Monday but U.S. oil prices rose as the downward pressure is coming mainly from China.

Brent crude lost 0.5% and U.S. West Texas Intermediate rose 1.3%.
OPEC+ members will be meeting on Dec. 4 to discuss their production targets.
The EU and G7 price cap on Russian crude, of between $65 to $70, is due to come into effect on Dec. 5.

Market	Price	Move
Oil (NYSEARCA: OIL)	29.18	0.35%
Gold (NYSEARCA: GLD)	161.93	-0.79%
Silver (NYSEARCA: SLV)	19.26	-2.33%
Corn (NYSEARCA: CORN)	26.63	-0.04%
Lumber (NASDAQ: WOOD)	74.56	-2.60%

Currency exchange rates

The U.S. Dollar closed up on Monday after falling earlier in the day.

The Australian Dollar was down since the currency is often influenced by data from China, which is struggling to contain social unrest over Beijing’s restrictive “Zero Covid” policies.
The U.S. Dollar Index is currently at 106.67, below the 20-year high of 114.78 that it reached in September.
The Chinese Yuan and Japanese Yen were also both down on the day.

Market	Price	Move
UK(GBP)	£0.83	0.85%
Europe (EURO)	€0.97	0.55%
Canada (Canadian Dollar)	$1.35	0.46%
Japan (Yen)	¥138.76	-0.26%

Cryptocurrency

Despite negative news from major market players, Crypto prices were relatively stable on Monday.

BlockFi filed for bankruptcy protection, saying that it has only $257M in cash on hand.
FTX US is the company’s largest creditor and has a $275M debt claim that is unsecured. The SEC also has a $30M debt claim that is unsecured.
Earlier this year BlockFi was reportedly planning to raise a down round to cover its financial obligations.

Market	Price	Move
Bitcoin	$16,253.20	-1.21%
Ethereum	$1,177.96	-1.30%
Litecoin	$75.95	1.56%
Bitcoin Cash	$111.51	-0.74%

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