Equities<\/p>\n
Global markets were muted after a \u2060shaky truce \u200bheld between Washington and Tehran despite a deadlock in peace talks.<\/p>\n
Wall Street futures were mixed with the Nasdaq riding revived AI optimism.<\/p>\n
TSX futures were in positive territory after Canada\u2019s main stock index posted a three-week high yesterday.<\/p>\n
In Canada, investors are getting results from Manulife Financial Corp., Hydro One Ltd., Northland Power Inc. and Stantec Inc.<\/p>\n
On Wall Street, markets are watching earnings from Cisco Systems Inc. and Alibaba Group Holding Ltd.<\/p>\n
\u201cThe market is so crowded with dip buyers that the dips barely become perceptible,\u2019 Ipek Ozkardeskaya, senior analyst at Swissquote, wrote in a note.<\/p>\n
\u201cBut every new point on the S&P 500 and Nasdaq feels like another Jenga block balancing on borrowed stability.\u201d<\/p>\n
Overseas, the pan-European STOXX 600 was up 0.6 per cent in morning trading. Britain\u2019s FTSE 100 rose 0.42 per cent, Germany\u2019s DAX advanced 0.74 per cent and France\u2019s CAC 40 edged down 0.08 per cent. <\/p>\n
In Asia, Japan\u2019s Nikkei closed 0.84 per cent higher, while Hong Kong\u2019s Hang Seng gained 0.15 per cent. <\/p>\n
Commodities<\/p>\n
Oil prices eased as investors awaited \u200bdevelopments from the fragile Middle East ceasefire \u200cand braced for a high-stakes summit in Beijing between U.S. President Donald Trump and his Chinese counterpart, Xi Jinping.<\/p>\n
Brent crude futures slipped 0.27 per cent to US$107.50 a barrel. West \u200bTexas Intermediate futures fell 0.5 per cent to US$101.70.<\/p>\n
\u201cConcerns over supply disruptions \u200band uncertainty surrounding the Middle East are keeping oil \u200cprices well supported, even as traders struggle to establish a clear direction,\u201d said Priyanka Sachdeva, senior market analyst at Phillip Nova.<\/p>\n
\u201cThe market remains highly reactive to every update from the region, meaning sharp swings are likely to persist.\u201d<\/p>\n
In other commodities, spot gold fell 0.3 per cent to US$4,701.98 an ounce. U.S. gold futures for June delivery gained 0.6 per cent to US$4,712.70.<\/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 72.92 US cents to 73.08 US cents in early trading. The Canadian dollar was up about 0.28 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 0.24 per cent to 98.54. The dollar was pegged at $1.3707. <\/p>\n
The euro slid 0.39 per cent to US$1.1696. The British pound declined 0.2 per cent to US$1.3513. <\/p>\n
In bonds, the yield on the U.S. 10-year note was last down at 4.465 per cent.<\/p>\n
Economic news<\/p>\n
Japan\u2019s bank lending<\/p>\n
Euro zone\u2019s GDP and industrial production<\/p>\n
8:30 a.m. ET: U.S. PPI for April. The Street expects a month-over-month increase of 0.5 per cent and year-over-year gain of 4.8 per cent.<\/p>\n
1:30 p.m. ET: Bank of Canada\u2019s summary of deliberations from April 29 decision is released.<\/p>\n
With Reuters and The Canadian Press<\/p>\n","protected":false},"excerpt":{"rendered":"Equities Global markets were muted after a \u2060shaky truce \u200bheld between Washington and Tehran despite a deadlock in…\n","protected":false},"author":2,"featured_media":43243,"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-43242","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\/43242","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=43242"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/43242\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/43243"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=43242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=43242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=43242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}