Markets were mixed today as investors braced for a big week featuring a Fed decision, a likely Bank of Canada hike and earnings from Google, Microsoft and Amazon. The TSX fell 0.52% and the TSX Venture Index slipped 0.12%, while the Dow gained 0.26% and the Nasdaq rose 0.35%. The FTSE 100 climbed 0.59%.
Oil rose 4.04% to 103.00 even after headlines pointed to a sharp pullback from near wartime highs as Iran diplomacy gathers pace, while gold gained 0.31% and copper added 0.49%. Bitcoin edged up 0.03% to just above C$112,000, and natural gas rose 1.04%. The Bank of Canada is widely expected to hike rates on Wednesday to stem the spillover of energy inflation, while Brazilian stocks plunged after Lula’s surprising election victory.
Market numbers
TSX: Down (-0.52%) 35,788.18
TSXV: Down (-0.12%) 820.95
DOW: Up (+0.26%) 52,405.0
NASDAQ: Up (+0.35%) 29,082.5
FTSE 100: Up (+0.59%) 10,750.00
In the headlines
- Meta launches $35 billion stock offering to fund AI expansion: Meta Platforms (NASDAQ:META), the social media and AI company behind Facebook and Instagram, launched a $35 billion stock offering to help finance its AI buildout. The raise underscores the enormous capital required to compete at the frontier of AI.
- High Liner Foods to be bought by Umios in $804 million deal: High Liner Foods (TSX:HLF), the Canadian frozen seafood company, agreed to be acquired by Umios in a deal valued at $804 million. The transaction marks another consolidation move in the Canadian food sector.
- Anthropic publicly files IPO prospectus, revealing explosive growth and staggering costs: Anthropic, the artificial intelligence company behind the Claude model family, publicly filed its IPO prospectus, opening its books on strong revenue growth alongside massive spending. The filing arrives at a time when AI token prices have never been cheaper.
Currencies
USD: Down (-0.18%) $0.7124
GBP: Up (+0.07%) $0.5339
EUR: Down (-0.01%) $0.63722
JPY: Up (+0.23%) ¥112.248
AUD: Up (+0.04%) $1.0149
Bitcoin (BTC/CAD): Up (+0.03%) 112,314.0
(Conversion to C$1)
Commodities
Copper: Up (+0.49%) 6.59920
Gold: Up (+0.31%) 4,008.24
WTI: Up (+4.04%) 103.00
Natural Gas: Up (+1.04%) 3.017
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