TSX futures inched higher before Tuesday’s market open, balancing ongoing posturing between Iran and the United States, whose war is halfway through its six month, with strong prospects for US inflation data on Wednesday coming in lower on a year-over-year (YoY) basis, softening the case for an interest rate hike in September.
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US futures also traded marginally higher, in sync with concerns over US-Iran negotiations, modulated by NVIDIA’s new more than US$500 billion funding deal with major financial institutions, providing a potentially more stable model for competitors in the AI space.
Market numbers
TSX: Up (0.21%), 36,458.33.
TSXV: Up (1.98%), 973.81.
DOW: Up (0.07%), 53,989.1.
NASDAQ: Up (0.33%), 29,717.1.
FTSE: Up (0.05%), 10,857.64.
In the headlines
Cineplex (TSX:CGX) reported its highest Q2 revenue in company history, coming in at C$383.7 million, up by 9.8 per cent YoY, generating net income of C$7.8 million, up from only C$0.1 million YoY, supported by strong increases in guest count and food service revenue.
Shifting from the silver screen to gold deposits, Barrick Mining (TSX:ABX) appointed Sebastiaan Bock as Chief Executive Officer, Rest of World, putting him in charge of operating mines across Africa, Asia, Latin American and the Middle East that produce more than two million gold equivalent ounces per year. Bock joined Barrick as Senior Vice President and Chief Financial Officer, Africa and Middle East, in January 2019.
Currencies
USD: Up (0.04%), US$0.7173.
GBP: Up (0.11%), £0.5313.
EUR: Up (0.09%), €0.62204.
JPY: Down (0.03%), ¥114.249.
AUD: Down (0.05%), A$1.0158.
Bitcoin: Up (0.54%), C$89,609.8.
(Conversion to C$1)
Commodities
Copper: Up (0.54%), US$6.74033.
Gold: Down (0.10%), US$4,385.74.
WTI: Up (6.31%), US$80.90.
Natural gas: Down (0.76%), US$2.755.
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