renewed attacks<\/a> between the United States and Iran disrupted oil flows through key shipping routes.<\/p>\nBrent futures rose 1.17 per cent to US$91.80 a barrel. West Texas Intermediate (WTI) crude gained 0.46 per cent to $84.85.<\/p>\n
\u201cUntil safe passage through the Strait of Hormuz is no longer a gamble, the risk premium in oil is not going anywhere \u2013 hope for diplomacy is welcome, but the market is pricing the reality of ongoing strikes,\u201d said Tim Waterer, chief market analyst at KCM Trade.<\/p>\n
In other commodities, spot gold was little changed at $4,062.30 an once. U.S. gold futures for August delivery gained 0.7 per cent to US$4,060.60.<\/p>\n
Currencies and bonds<\/p>\n
The Canadian dollar weakened against its U.S. counterpart.<\/p>\n
The day range on the loonie was 71.07 US cents to 71.28 US cents in early trading. The Canadian dollar was up about 0.91 per cent against the greenback over the past month. <\/p>\n
The U.S. dollar index, which weighs the greenback against a group of currencies, gained 0.04 per cent to 100.770. The dollar was pegged at $1.4056. <\/p>\n
The euro declined 0.16 per cent to US$1.145. The British pound shed 0.10 per cent to US$1.3355.<\/p>\n
In bonds, the yield on the U.S. 10-year note was last up at 4.703 per cent.<\/p>\n
Economic news<\/p>\n
Bank of Japan monetary policy announcement, plus consumer confidence and machine tool orders<\/p>\n
Euro area GDP, economic confidence and employment data. Germany also releases inflation data<\/p>\n
Bank of England monetary policy meeting<\/p>\n
8:30 a.m. ET: U.S. weekly initial jobless claims<\/p>\n
8:30 a.m. ET: U.S. real GDP for the second quarter. Consensus is for 2.3-per-cent annual growth, accelerating from the previous quarter\u2019s 2.1 per cent.<\/p>\n
8:30 a.m. ET: U.S. personal spending and personal income for June. Consensus is for a rise of 0.4 per cent and 0.3 per cent, respectively.<\/p>\n
8:30 a.m. ET: U.S. core PCE price index. Consensus is for a monthly increase of 0.1 per cent, or 3.3 per cent from a year earlier.<\/p>\n
With Reuters and The Canadian Press<\/p>\n","protected":false},"excerpt":{"rendered":"Equities Global stocks staged a rebound after some encouraging earnings signals reassured investors, while the U.S. government\u2019s long-term…\n","protected":false},"author":2,"featured_media":149417,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1634,17,1635,1627,1629,1630,1632,1636,1448,1637,1631,1628,1633,818],"class_list":["post-149416","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-bonds","tag-canada","tag-canadian-dollar","tag-dow-jones","tag-equities","tag-futures","tag-gold","tag-loonie","tag-nasdaq","tag-newnewsletter","tag-oil","tag-sd","tag-silver","tag-tsx"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/149416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=149416"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/149416\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/149417"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=149416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=149416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=149416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}