bet on a resolution<\/a> to the Middle East war even as the U.S. blocked Iran\u2019s ports after the collapse of peace talks over the weekend.<\/p>\nWall Street futures were in positive territory while awaiting March producer price data and a fresh \u2060round of \u200bcorporate earnings.<\/p>\n
TSX futures followed sentiment higher.<\/p>\n
In Canada, investors are getting results from AGF Management Ltd.<\/p>\n
On Wall Street, markets are watching earnings from JPMorgan Chase & Co., Johnson & Johnson, Wells Fargo & Co., Citigroup Inc. and BlackRock Inc. <\/p>\n
\u201cMarkets are trading hope, not resolution. The failed weekend talks did not produce a deal, but they also did not close the door on diplomacy, and that is enough for equities to keep pushing higher for now,\u201d said Charu Chanana, Saxo\u2019s \u200cchief investment strategist.<\/p>\n
\u201cThe problem \u200bis that markets may be pricing \u200cthe chance of de-escalation faster than the proof of it, so I would still expect a choppy, headline-driven tape rather than \u200ba clean risk-on trend,\u201d she added.<\/p>\n
Overseas, the pan-European STOXX 600 was up 0.76 per cent in morning trading. Britain\u2019s FTSE 100 climbed 0.22 per cent, Germany\u2019s DAX rose 1.05 per cent and France\u2019s CAC 40 advanced 0.71 per cent.<\/p>\n
In Asia, Japan\u2019s Nikkei closed 2.43 per cent higher, while Hong Kong\u2019s Hang Seng gained 0.82 per cent. <\/p>\n
Commodities<\/p>\n
Oil prices eased as signs of possible talks to \u200bend the U.S.-Israeli war on Iran eased \u200csupply risks stemming from the blockade of the Strait of Hormuz.<\/p>\n
Brent futures slipped 0.9 per cent to US$9846, while West Texas Intermediate (WTI) crude fell \u200b2.3 per cent to US$96.77.<\/p>\n
While talk about the resumption \u200bof U.S.-Iran talks put downward pressure on prices, the \u200cmove lower ignores the loss of physical barrels of oil that are not moving, PVM Oil Associates\u2019 analyst Tamas Varga said.<\/p>\n
\u201cIn case talks between the adversaries fail to bear fruit, even revisiting the March highs cannot be ruled out \u200cas the decline in global oil inventories might spill into the third quarter and beyond,\u201d \u200bVarga added.<\/p>\n
In other commodities, spot gold was up 0.8 per cent at US$4,775.20 an ounce. U.S. gold futures for June delivery rose 0.7 per cent to US$4,798.40.<\/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 72.46 US cents to 72.67 US cents in early trading. The Canadian dollar was down about 0.56 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 0.16 per cent to 98.21. The U.S. dollar traded at $1.3764. <\/p>\n
The euro climbed 0.2 per cent to US$1.1784. The British pound rose 0.23 per cent to US$1.3537. <\/p>\n
In bonds, the yield on the U.S. 10-year note was last down at 4.278 per cent.<\/p>\n
Economic news<\/p>\n
Japan\u2019s industrial production<\/p>\n
6 a.m. ET: U.S. NFIB Small Business Economic Trends Survey for March.<\/p>\n
8:30 a.m. ET: U.S. PPI for March. Consensus is a gain of 1.1 per cent from February and up 4.6 per cent year-over-year.<\/p>\n
With Reuters and The Canadian Press<\/p>\n","protected":false},"excerpt":{"rendered":"Equities Global stocks rebounded as investors bet on a resolution to the Middle East war even as the…\n","protected":false},"author":2,"featured_media":4313,"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-4312","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\/4312","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=4312"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/4312\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/4313"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=4312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=4312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=4312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}