Markets are firmly in risk‑on mode as optimism around a potential reopening of the Strait of Hormuz fuels a powerful global equity rally. The TSX is higher, supported by strength in energy and materials, while U.S. stocks are extending gains with the Dow pushing back above 51,000 and the Nasdaq continuing to climb. Investors are increasingly willing to look past geopolitical risk as oil prices ease and global growth expectations improve.
Commodities are mixed but supportive of sentiment. Oil is slipping modestly on hopes of improved crude flows, while gold is rebounding as traders buy the dip amid peace‑deal speculation. Copper is higher on infrastructure and electrification demand, natural gas is surging, and Bitcoin is edging higher in Canadian‑dollar terms as crypto participates in the broader risk rally.
Market numbers
TSX: Up (+1.09%), 34,845.59
TSXV: Up (+1.37%), 986.76
DOW: Up (+0.97%), 51,038.2
NASDAQ: Up (+0.61%), 29,912.8
FTSE 100: Down (‑0.55%), 10,437.33
In the headlines
- Japan’s Nikkei rockets past 65,000: Japan’s Nikkei (GREY:NYKEF) 225 surged through the 65,000 level after comments from Donald Trump raised hopes of a reopening of the Strait of Hormuz, easing energy‑supply fears and sending Asian equities sharply higher.
- Europe’s Stoxx 600 nears a fresh record: The Stoxx 600 is on the cusp of a new all‑time high as European bourses extend their rally, supported by easing oil prices, improving sentiment, and optimism around global trade stability.
- Oura plans blockbuster IPO: Finnish smart‑ring maker Oura is planning an IPO valuing the company at more than €9 billion, highlighting surging investor interest in wearables and health‑tracking technology as the market continues to heat up.
Currencies
USD: Up (+0.07%), $0.7237
GBP: Down (‑0.41%), $0.5361
EUR: Down (‑0.26%), $0.62208
JPY: Down (‑0.10%), ¥115.079
AUD: Down (‑0.53%), $1.0096
Bitcoin (BTC/CAD): Up (+0.29%), 106,675.3
(Conversion to C$1)
Commodities
Copper: Up (+1.27%), 6.48590
Gold: Up (+1.22%), 4,564.28
WTI: Down (‑0.64%), 93.50
Natural Gas: Up (+2.74%), 3.076
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