TSX futures leapt ahead before Monday’s market open thanks to lower oil prices and progress on a potential trade deal between Canada and the US, with Prime Minister Mark Carney and US President Trump commenting on both sides building in the right direction.
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US futures also ticked higher, motivated by early gains from NVIDIA and Microsoft, expectations of profitable growth from Apple when it reports Q4 results after the bell, as well as polls for Tuesday’s midterm elections showing the Democrats to be in a prime position to regain control of both the Senate and the House of Representatives.
Market numbers
TSX: Down (-1.74%), 35,620.03.
TSXV: Down (-2.77%), 803.78.
DOW: Up (0.31%), 51,950.5.
NASDAQ: Up (0.17%), 28,575.9.
FTSE: Down (-0.12%), 10,708.30.
In the headlines
Chipmaker Marvell Technology (NASDAQ:MRVL) will acquire optical components specialist Lumentum (NASDAQ:LITE) in a US$115 billion all-stock deal, representing one of the technology industry’s biggest bets on the durability of AI demand.
Defense giant Lockheed Martin (NYSE:LMT) acquired Ultra Maritime, a sonar and torpedo systems manufacturer based in Nova Scotia, for $3.45 billion. The company bolsters Lockheed’s undersea warfare exposure with ongoing relationships with more than 30 navies across the world.
Currencies
USD: Up (0.04%), US$0.7155.
GBP: Down (-0.19%), £0.5329.
EUR: Down (-0.51%), €0.63807.
JPY: Up (0.20%), ¥113.007.
AUD: Up (0.29%), A$1.0210.
Bitcoin: Down (-0.68%), C$108,558.1.
Commodities
Copper: Up (0.05%), US$6.58749.
Gold: Up (0.69%), US$3,902.23.
WTI: Up (0.99%), US$103.36.
Natural Gas: Up (1.38%), US$2.947.
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