Markets are moving higher overall as strength in semiconductor stocks helps lift sentiment across global equities. Canadian markets are advancing, with both the TSX and TSX Venture Index posting gains, while U.S. markets are also higher, led by the Nasdaq as chipmakers bounce back. The tone reflects continued resilience in AI‑linked sectors despite lingering geopolitical and inflation concerns.
Commodities are providing support to the broader risk narrative. Oil prices are rising steadily, reflecting a more constructive demand outlook, while gold is also climbing as investors balance risk‑on behaviour with defensive positioning. Copper is surging strongly, signaling firm industrial demand, while natural gas is under pressure. Bitcoin is rebounding in Canadian‑dollar terms, tracking improving investor appetite across risk assets.
Market numbers
TSX: Up (+0.38%) 35,069.38
TSXV: Up (+0.95%) 894.99
DOW: Up (+0.25%) 52,408.0
NASDAQ: Up (+1.67%) 29,700.4
FTSE 100: Down (‑0.50%) 10,436.24
In the headlines
- Levi falls despite earnings beat: Levi Strauss (NYSE:LEVI) — the global apparel retailer — dropped about 6% even after delivering a double earnings beat. Investors appear focused on margin pressures and forward guidance rather than headline results.
- Micron and chipmakers rebound: Micron (NDAQ:MU), along with peers like Sandisk and Marvell, led gains in the semiconductor sector as buying returned after recent selling pressure. Strong demand tied to AI infrastructure continues to support the group.
- SK Hynix IPO demand surges: SK Hynix (PINL:HXSCL) — the South Korean semiconductor giant — saw its U.S. listing more than seven times oversubscribed, highlighting massive investor interest in AI‑driven memory chip demand.
Currencies
USD: Down (‑0.04%) $0.7048
GBP: Down (‑0.08%) $0.5259
EUR: Down (‑0.24%) $0.61658
JPY: Down (‑0.22%) ¥114.492
AUD: Down (‑0.20%) $1.0158
Bitcoin (BTC/CAD): Up (+1.14%) 89,336.2
(Conversion to C$1)
Commodities
Copper: Up (+2.46%) 6.28360
Gold: Up (+1.05%) 4,120.30
WTI: Up (+3.33%) 74.40
Natural Gas: Down (‑3.39%) 3.105
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