Equities<\/p>\n
Global markets eased as fading hopes \u200cof a U.S.-Iran peace deal kept investors on \u2060edge, while a red-hot rally in chip stocks cooled.<\/p>\n
Wall Street futures were in the red ahead of April inflation numbers, which likely rose at \u200ca solid pace for a second straight month, further bolstering expectations the Federal Reserve would keep interest rates unchanged for a while.<\/p>\n
TSX futures followed sentiment lower.<\/p>\n
In Canada, investors are getting results from Constellation Software Inc., George Weston Ltd., Power Corp. of Canada, Franco-Nevada Corp., Finning International Inc. and Peyto Exploration & Development Corp. <\/p>\n
Markets are also keeping an eye on \u2060U.S. President Donald Trump\u2019s visit to China, which begins tomorrow, with expectations low for either \u2060progress on Iran or on the trade front.<\/p>\n
\u201cInvestors should not expect sweeping agreements. A \u2018win\u2019 would mean no new tariffs or \u200bexport controls, and perhaps small symbolic deals, such as agricultural purchases, aircraft orders, or signals on rare earths,\u201d said Daniel Casali, chief investment strategist at Evelyn Partners.<\/p>\n
\u201cThese may seem minor, but stability at the margin matters.\u201d<\/p>\n
Overseas, the pan-European STOXX 600 was down 0.78 per cent in morning trading. Britain\u2019s FTSE 100 declined 0.5 per cent, Germany\u2019s DAX fell 0.8 per cent and France\u2019s CAC 40 gave back 0.59 per cent. <\/p>\n
In Asia, Japan\u2019s Nikkei closed 0.52 per cent higher, while Hong Kong\u2019s Hang Seng slipped 0.22 per cent.<\/p>\n
Commodities<\/p>\n
\u00a0Oil prices rose as hopes for \u200ba deal to end the U.S.-Israeli war \u200con Iran dimmed, bringing supply concerns again to the fore.<\/p>\n
Brent crude futures were up 2.8 per cent at US$107.20 a barrel, \u2060while \u200bWest Texas Intermediate (WTI) crude gained 3.3 per cent to US$101.30.<\/p>\n
\u201cOptimism regarding an imminent [peace] deal seems to be fading again and \u200cif we \u200bdon\u2019t see a deal by \u200cthe end of May, then upside risks for oil prices are definitely on \u200bthe table,\u201d said DBS Bank energy sector team lead \u2060Suvro Sarkar.<\/p>\n
In other commodities, spot gold \u00a0fell 0.8 per cent to US$4,698.22 an ounce. U.S. gold futures for June delivery lost 0.5 per cent to trade at US$4,706.10.<\/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 72.93 US cents to 73.15 US cents in early trading. The Canadian dollar was up about 0.43 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, rose 0.3 per cent to 98.25. The dollar was pegged at $1.3708. <\/p>\n
The euro slid 0.3 per cent to US$1.1750. The British pound dropped 0.49 per cent to US$1.3544. <\/p>\n
In bonds, the yield on the U.S. 10-year note was last up at 4.432 per cent. <\/p>\n
Economic news<\/p>\n
Japan\u2019s household spending<\/p>\n
Germany\u2019s CPI<\/p>\n
6 a.m. ET: U.S. NFIB Small Business Economic Trends Survey for April.<\/p>\n
8:30 a.m. ET: U.S. CPI for April. The consensus is an increase of 0.6 per cent from March and up 3.7 per cent year-over-year.<\/p>\n
2 p.m. ET: U.S. budget balance for April.<\/p>\n
With Reuters and The Canadian Press<\/p>\n","protected":false},"excerpt":{"rendered":"Equities Global markets eased as fading hopes \u200cof a U.S.-Iran peace deal kept investors on \u2060edge, while a…\n","protected":false},"author":2,"featured_media":41701,"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-41700","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\/41700","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=41700"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/41700\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/41701"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=41700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=41700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=41700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}