TSX futures dipped before Tuesday’s market open on oil weakness as investors applauded US President Trump’s lifting of Iranian sanctions for 60 days to incentivize ongoing peace talks. Gold also trended lower amid expectations that the US Federal Reserve may have to hike interest rates to get oil-related inflation under control.
This article is a journalistic opinion piece which has been written based on independent research. It is intended to inform investors and should not be taken as a recommendation or financial advice.
Nasdaq futures also fell, compounded by investor concerns about mega-caps’ outsized AI spending, much of which is supported by debt, which could contribute to a wider gap between intrinsic value and their already sky-high multiples.
Market numbers
TSX: Up (0.42%), 35,002.18.
TSXV: Down (0.65%), 948.54.
DOW: Down (0.54%), 51,484.6.
NASDAQ: Down (2.40%), 29,548.6.
FTSE: Down (0.41%), 10,381.81.
In the headlines
- According to a Royal LePage survey, 51 per cent of Canadians living in Toronto, Montreal and Vancouver would consider moving to one of Canada’s 15 most affordable cities, should they be able to find a suitable local or remote job, reflecting elevated prices in major markets despite a dip over the past few years. Lethbridge tops the most affordable list, with Saint John and Thunder Bay rounding off the podium.
- Turning to another real estate-related story, Volatus Aerospace (TSX:FLT) opened a new 53,000-square foot manufacturing facility at the Montreal-Mirabel International Airport, bolstering domestic and NATO-allied drone capacity. The company recently posted record gross margins in its Q1 financial results.
Currencies
USD: Down (0.20%), US$0.7045.
GBP: Up (0.11%), £0.5330.
EUR: Up (0.11%), €0.61873.
JPY: Down (0.21%), ¥113.894.
AUD: Up (0.70%), $1.0150.
Bitcoin (BTC/CAD): Down (2.07%), $88,736.4.
(Conversion to C$1)
Commodities
Copper: Down (3.16%), US$6.22285.
Gold: Down (1.61%), US$4,123.93.
WTI: Down (3.19%), US$74.30.
Natural Gas: Down (1.01%), US$3.231.
To stay up-to-date on all of your market news head to Stockhouse.com.
Join the discussion: Find out what investors are saying about Tuesday’s market open on Stockhouse’s stock forums and message boards.
