Markets opened higher this morning as Canadian and U.S. equities extended gains into the holiday week, supported by optimism around a Santa rally. The TSX is up 0.18%, while the Venture Index is also higher. In the U.S., the Dow and Nasdaq are advancing, with the S&P 500 hitting a new record as traders position for year-end. London’s FTSE is modestly higher as global markets remain steady ahead of a shortened trading day.
Commodities are mixed: gold is holding near record highs above $4,480, copper is sharply higher, and oil is steady amid geopolitical tensions. Natural gas is under pressure, while Bitcoin trades slightly lower. Headlines today spotlight energy and biotech, with BP selling a majority stake in its Castrol business and Agios Pharma jumping on expanded FDA approval for its blood disorder drug.
Market numbers
TSX: Up (+0.18%), 32,058.73
TSXV: Up (+0.52%), 990.68
DOW: Up (+0.16%), 48,442.42
NASDAQ: Up (+0.50%), 25,587.83
FTSE: Up (+0.22%), 9,894.00
In the headlines
- BP Divests Castrol Stake: BP (NYSE:BP) will sell a majority stake in its Castrol lubricants business for $6 billion, streamlining operations and focusing on energy transition priorities.
- Agios Pharma Surges: Agios Pharmaceuticals (NDAQ:AGIO) shares jumped after the U.S. FDA expanded approval for its blood disorder drug, boosting growth prospects in rare disease treatments.
Currencies
USD: Up (+0.10%), $0.7310
GBP: Up (+0.17%), $0.5410
EUR: Up (+0.16%), $0.6203
JPY: Down (-0.07%), ¥114.061
AUD: Down (-0.01%), $0.91688
Bitcoin: Down (-0.30%), 119,371.90 CAD
(Conversion to C$1)
Commodities
Copper: Up (+0.80%), $5.61878
Gold: Up (+0.01%), $4,484.93
WTI: Up (+0.17%), $58.755
Natural Gas: Down (-3.55%), $3.804
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