The TSX is down 0.30%, while the TSX Venture Index is modestly higher by 0.03%, as Canadian markets trade mixed following a sharp turnaround in global equities. U.S. markets are firmly higher, with the Dow up 1.31% and the Nasdaq gaining 0.76%, as investors digest one of the fastest sentiment reversals in years and weigh signals that the Iran conflict may be nearing an end. In Europe, the FTSE 100 is also higher, up 0.56%, reflecting a broader risk‑on tone.
Commodities are moving in divergent directions. Oil is plunging sharply, down more than 9%, as war‑risk premiums unwind. Gold is rebounding strongly, up 1.34%, as traders rebalance after nine straight sessions of losses. Copper is higher on improving growth sentiment, while natural gas is slightly lower. Bitcoin is rallying sharply in Canadian‑dollar terms, up 1.44%, as crypto benefits from improving risk appetite and short‑covering dynamics.
Market numbers
TSX: Down (‑0.30%), 34,052.23
TSXV: Up (+0.03%), 1,043.59
DOW: Up (+1.31%), 49,269.0
NASDAQ: Up (+0.76%), 26,520.5
FTSE 100: Up (+0.56%), 10,643.26
In the headlines
- Netflix plunges after weak outlook and leadership change: Netflix (TSX:NFLX), the global streaming‑video leader, sank roughly 10% after issuing a weaker‑than‑expected outlook and confirming the departure of co‑founder Reed Hastings from an executive role. Investors were disappointed by softer guidance on growth metrics, raising questions about near‑term momentum.
- Nvidia’s historic rally finally snaps: Nvidia (TSX:NVDA), the dominant AI‑chip and data‑center hardware company, saw its longest bullish streak since 1999 come to an end. While the broader AI thesis remains intact, traders are now assessing whether the stock needs consolidation after an extraordinary multi‑month run.
Currencies
USD: Up (+0.30%), $0.7316
GBP: Down (‑0.06%), $0.5392
EUR: Down (‑0.17%), $0.61837
JPY: Down (‑0.23%), ¥115.878
AUD: Down (‑0.36%), $1.0155
Bitcoin (BTC/CAD): Up (+1.44%), 104,550.9
(Conversion to C$1)
Commodities
Copper: Up (+0.84%), 604.44
Gold: Up (+1.34%), 4,855.03
WTI Crude: Down (‑9.35%), 81.72
Natural Gas: Down (‑0.56%), 2.643
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