Apple trades near record highs ahead of its foldable iPhone debut, while an Amazon cargo plane crash in Miami and oil gains move markets.
Apple trades near record highs ahead of its foldable iPhone debut, while an Amazon cargo plane crash in Miami and oil gains move markets.

Markets are mixed to start the week as investors brace for Apple’s high-profile hardware event and keep an eye on inflation data and elevated oil prices. The TSX is down 0.42% to 36,361.21, while the TSX Venture Index is holding up better, edging up 0.05% to 965.86. In the U.S., the Dow is down 0.21% and the Nasdaq is off 0.22%, with S&P 500 futures slipping as oil prices and inflation data keep traders cautious, while London’s FTSE 100 bucks the trend, up 0.28%.

Oil is a standout mover, with WTI up 1.31%, while gold is down slightly at 0.22% and Bitcoin has pulled back 1.85% to just above C$107,000. Copper is also firmer, up 1.84%. The Canadian dollar is stronger against the U.S. dollar, pound, and euro, but softer against the yen, which touched a seven-month high near ¥153 as a Bank of Japan rate hike is nearly fully priced in. Trade tensions are also back in focus after Canada’s retaliatory tariffs of up to 50% on $20 billion in U.S. goods took effect as talks with Washington stall.

Market numbers

TSX: Down (-0.42%) 36,361.21

TSXV: Up (+0.05%) 965.86

DOW: Down (-0.21%) 52,964.4

NASDAQ: Down (-0.22%) 29,465.9

FTSE 100: Up (+0.28%) 10,844.87

In the headlines

  • Apple stock sits just below record highs ahead of foldable iPhone debut: Apple (NASDAQ:AAPL), the consumer technology giant behind the iPhone, Mac, and Apple Watch, is trading about 5% under its all-time high as anticipation builds for a reported $2,000 foldable iPhone. New CEO John Ternus is expected to unveil the device at a company event Wednesday, marking a defining early moment of his tenure.
  • Amazon cargo plane crash at Miami airport kills five: Amazon (NASDAQ:AMZN), the e-commerce and logistics giant, is facing scrutiny after one of its cargo aircraft crashed at Miami International Airport, killing five people. The incident is expected to draw regulatory attention to Amazon’s air cargo operations as investigators work to determine the cause.

Currencies

USD: Up (+0.21%) $0.7250

GBP: Up (+0.17%) $0.5350

EUR: Up (+0.23%) $0.62426

JPY: Down (-0.12%) ¥111.602

AUD: Up (+0.13%) $1.0039

Bitcoin (BTC/CAD): Down (-1.85%) 107,210.3

(Conversion to C$1)

Commodities

Copper: Up (+1.84%) 6.83857

Gold: Down (-0.22%) 4,396.91

WTI: Up (+1.31%) 92.85

Natural Gas: Down (-1.05%) 2.918

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