TSX futures retraced Friday’s losses on Monday, shrugging off tensions in Iran and Israel in exchange for optimism surrounding the G7 summit beginning today in Alberta and the U.S. Federal Reserve’s interest rate announcement on Wednesday.
Market Numbers (Futures)
TSX: Up (0.4%) 26,610.36.
TSXV: Down (0.09%), 721.13.
DOW: Up (0.5%), 42,420.
NASDAQ: Up (0.68%), 21,792.
FTSE: Up (0.52%), 8,889.79.
In the Headlines
Leaders from some of the most powerful nations in the world, including the U.S., Canada and Great Britain, will meet Monday and Tuesday in Kananaskis, Alberta, for the G7 summit, with eyes on sending a clear message to constituents and markets about numerous ongoing wars, as well as U.S. president Trump’s destabilization of global trade.
While Trump’s tariffs continue to disrupt near-term industrial expectations, there remains room for deals to be made for key players to avoid them, as highlighted by Japan’s Nippon Steel finalizing its acquisition of U.S. Steel for US$14.9 billion. The deal follows two national security reviews and reportedly includes a “golden share” issued to the U.S. government, affording it the power to veto certain decisions by the resulting company.
Currency Update (Futures)
US: Up (0.62%), US$0.7371.
Euro: Down (0.51%), €0.6367.
GBP: Up (0.07%), £0.5427.
JPY: Up (0.29%), ¥106.29.
Bitcoin: Up (1.16%), C$144,901.89.
Commodities (Futures)
Natural Gas: Up (3.13%), US$3.69.
WTI: Down (3.41%), US$70.49.
Gold: Down (0.51%), US$3,415.23.
Copper: Down (0.21%), US$4.8172.
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