exchanged fire<\/a> in the Middle East, dampening hopes of a peace deal.<\/p>\nWall Street futures were in positive territory after major North American markets closed lower yesterday. <\/p>\n
TSX futures followed sentiment higher ahead of Canadian and U.S. jobs data later this morning. <\/p>\n
In Canada, investors are getting results from Brookfield Asset Management Ltd., Telus Corp., Enbridge Inc., Algonquin Power & Utilities Corp. and Emera Inc. <\/p>\n
\u201cThe market seem to be taking every chance \u200cto price in a quick end to the war,\u201d said Jan von Gerich, chief analyst at Nordea.<\/p>\n
\u201cBut it seems unlikely there\u2019s going to be an agreement. I still think there are going to be disruptions in the Strait [of Hormuz] for a longer time and it won\u2019t be resolved any time soon.\u201d<\/p>\n
Overseas, the pan-European STOXX 600 was down 0.81 per cent in morning trading. Britain\u2019s FTSE 100 slid 0.68 per cent, Germany\u2019s DAX fell 0.96 per cent and France\u2019s CAC 40 gave back 0.8 per cent.<\/p>\n
In Asia, Japan\u2019s Nikkei closed 0.19 per cent lower, while Hong Kong\u2019s Hang Seng fell 0.87 per cent. <\/p>\n
Commodities<\/p>\n
Oil prices were steady after renewed fighting broke out between the United States and Iran, threatening a shaky ceasefire and dashing hopes for progress to reopen the Strait of Hormuz, a key transit route for oil and liquefied natural gas.<\/p>\n
Brent crude futures were little changed\tat $100.20 a barrel. West Texas Intermediate (WTI) crude slipped 0.36 per cent to $94.47 a barrel.<\/p>\n
\u201cThe market is on the cusp of a complete breakdown,\u201d said Vandana Hari, founder of oil market analysis provider Vanda Insights.<\/p>\n
\u201cPrice formation is no longer anchored in a pragmatic reading of the war\u2019s trajectory or the physical realities in the Strait of Hormuz.\u201d<\/p>\n
In other commodities, spot gold was up 0.85 per cent to US$4,709.06 an ounce. U.S. gold futures for June delivery rose 0.1 per cent to US$4,716.50.<\/p>\n
Currencies and bonds<\/p>\n
The Canadian dollar strengthened against its U.S. counterpart.<\/p>\n
The day range on the loonie was 73.16 US cents to 73.27 US cents in early trading. The Canadian dollar was up about 1.35 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, declined 0.1 per cent to 97.97. The dollar was pegged at $1.3656. <\/p>\n
The euro climbed 0.33 per cent to US$1.1763. The British pound advanced 0.44 per cent to US$1.3611. <\/p>\n
In bonds, the yield on the U.S. 10-year note was last down at 4.370 per cent.<\/p>\n
Economic news<\/p>\n
China\u2019s aggregate yuan financing, new yuan loans and trade surplus<\/p>\n
Japan\u2019s real cash earnings and services and composite PMI<\/p>\n
Germany\u2019s industrial production and trade surplus<\/p>\n
8:30 a.m. ET: Canadian employment for April. The Street is expecting a flat reading month-over-month with the unemployment rate remaining 6.7 per cent and average hourly wages up 4.6 per cent year-over-year.<\/p>\n
8:30 a.m. ET: U.S. nonfarm payrolls for April. Consensus is a gain of 60,000 jobs from March with the unemployment rate staying at 4.3 per cent and average hourly wages up 0.3 per cent.<\/p>\n
10 a.m. ET: U.S. University of Michigan Consumer Sentiment Index for May.<\/p>\n
10 a.m. ET: U.S. wholesale inventories for March.<\/p>\n
With Reuters and The Canadian Press<\/p>\n","protected":false},"excerpt":{"rendered":"Equities Global markets slipped as the U.S. and Iran exchanged fire in the Middle East, dampening hopes of…\n","protected":false},"author":2,"featured_media":36899,"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":{"0":"post-36898","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-canada","8":"tag-bonds","9":"tag-canada","10":"tag-canadian-dollar","11":"tag-dow-jones","12":"tag-equities","13":"tag-futures","14":"tag-gold","15":"tag-loonie","16":"tag-nasdaq","17":"tag-newnewsletter","18":"tag-oil","19":"tag-sd","20":"tag-silver","21":"tag-tsx"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/36898","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=36898"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/36898\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/36899"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=36898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=36898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=36898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}