|
|
|
|
|
|
|
|
|
|
Global stocks declined as fresh hostilities in the Middle East pushed up oil prices and as investors rushed out of the hottest AI-linked shares. |
|
|
|
|
Wall Street futures diverged with the Dow pointing lower after major North American markets ended sharply lower Friday. |
|
|
|
|
TSX futures were in positive territory. |
|
|
|
|
On Wall Street, markets are watching earnings from Campbell’s Co. |
|
|
|
|
“The market has gone a long way without a correction,” said Lars Skovgaard, senior investment strategist at Danske Bank. |
|
|
|
|
|
|
|
|
“The big surprise is not that we had a selloff, but that we didn’t have it before.” |
|
|
|
|
Overseas, the pan-European STOXX 600 was down 0.40 per cent in morning trading. Britain’s FTSE 100 fell 0.04 per cent, Germany’s DAX lost 0.50 per cent and France’s CAC 40 gave back 0.49 per cent. |
|
|
|
|
In Asia, Japan’s Nikkei closed 3.85 per cent lower, while Hong Kong’s Hang Seng finished 1.22 per cent lower. |
|
|
|
|
|
|
|
|
|
|
Oil prices rose as renewed Israeli strikes on Iran and fresh attacks on Lebanon soured hopes of an imminent end to the wider war. |
|
|
|
|
Brent crude futures climbed 4.3 per cent to US$97.11 a barrel, while U.S. West Texas Intermediate crude futures were up 4.3 per cent, at US$94.44. |
|
|
|
|
“With Iran and Israel exchanging fire, the market is concerned that flows through the strait might remain restricted for longer, lifting oil prices,” UBS analyst Giovanni Staunovo said. |
|
|
|
|
In other commodities, spot gold fell 0.9 per cent to US$4,290.66 per ounce. U.S. gold futures for August delivery were down 1.1 per cent at US$4,315.40. |
|
|
|
|
|
|
|
|
|
|
The Canadian dollar weakened against its U.S. counterpart. |
|
|
|
|
The day range on the loonie was 71.65 US cents to 71.77 US cents in early trading. The Canadian dollar was down about 1.92 per cent against the greenback over the past month. |
|
|
|
|
The U.S. dollar index, which weighs the greenback against a group of currencies, rose 0.03 per cent to 100.085. The dollar was pegged at $1.3945. |
|
|
|
|
The euro declined 0.04 per cent to US$1.1517. The British pound dropped 0.13 per cent to US$1.3329. |
|
|
|
|
In bonds, the yield on the U.S. 10-year note was last up at 4.565 per cent. |
|
|
|
|
|
|
|
|
|
|
China’s foreign reserves, aggregate yuan financing, new yuan loans and trade surplus |
|
|
|
|
Japan’s real GDP and bank lending |
|
|
|
|
|
|
|
|
|
|
11 a.m. ET: U.S. New York Fed one-year inflation expectations |
|
|
|
|
With Reuters and The Canadian Press |
|
|
