The TSX is up 0.17%, while the TSX Venture Index is down 1.31%, as Canadian markets trade mixed amid a powerful global risk‑on move following confirmation of a two‑week ceasefire between the U.S. and Iran. U.S. equities are surging, with the Dow jumping nearly 3% and the Nasdaq up close to 1%, as investors unwind war‑risk premiums and rotate back into equities. London’s FTSE 100 is also sharply higher, reflecting broad relief across global markets.
Commodities are reacting swiftly to the shift in geopolitics. Oil is plunging, down nearly 13%, after last week’s explosive spike, as traders price in reduced supply disruption risk. Gold is sharply higher, breaking out of a technical downtrend as investors rebalance portfolios amid falling yields and a weakening U.S. dollar. Copper is rallying strongly on growth optimism, while natural gas is modestly lower. Bitcoin is climbing, up more than 0.2% in Canadian‑dollar terms, as crypto tracks the broader risk‑asset rebound.
Market numbers
TSX: Up (+0.17%), 33,237.52
TSXV: Down (‑1.31%), 968.70
DOW: Up (+2.87%), 47,986.4
NASDAQ: Up (+0.96%), 24,985.3
FTSE 100: Up (+2.04%), 10,631.08
In the headlines
- Exxon output hit by Middle East war: Exxon Mobil (TSX:XOM), one of the world’s largest integrated oil and gas producers, said it lost roughly 6% of its global output as conflict across the Middle East disrupted operations and logistics. The impact underscores how quickly geopolitical shocks can affect global energy supply chains.
- Delta beats Q1 earnings, holds guidance: Delta Air Lines (NYSE:DAL), a major U.S. airline, reported stronger‑than‑expected first‑quarter earnings and maintained its full‑year guidance despite higher fuel costs and operational headwinds from airport security disruptions. Management said demand trends remain resilient.
Currencies
USD: Up (+0.19%), $0.7213
GBP: Down (‑0.93%), $0.5363
EUR: Down (‑0.64%), $0.61706
JPY: Down (‑0.69%), ¥114.162
AUD: Down (‑0.98%), $1.0225
Bitcoin (BTC/CAD): Up (+0.23%), 99,821.6
(Conversion to C$1)
Commodities
Copper: Up (+2.88%), 570.98
Gold: Up (+1.66%), 4,783.91
WTI Crude: Down (‑12.86%), 85.15
Natural Gas: Down (‑0.40%), 2.734
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