The TSX opened higher Thursday, tracking global market optimism as risk appetite returned to equities. Tech stocks led gains, buoyed by Figma’s 45% surge over the past week following news of its integration with OpenAI tools.
Meanwhile, the U.S. dollar firmed after minutes from the Federal Reserve’s latest meeting revealed officials are divided over the pace and scale of future rate cuts — tempering investor enthusiasm slightly.
Market numbers
TSX: Up (0.50%), 30,501.99
TSXV: Down (0.13%), 905.00
DOW: Flat (0.00%), 46,601.79
NASDAQ: Up (1.19%), 25,136.62
FTSE: Up (0.79%), 9,583.00
In the headlines
- Figma stock surges after AI integration – Figma Inc. (NYSE:FIG) shares have climbed 45% in a week as traders pile in following the design platform’s integration with OpenAI. The move positions Figma among a new wave of creative software companies embracing AI-enhanced productivity tools.
- Dollar strengthens after Fed minutes – The U.S. dollar gained ground as minutes from the Fed’s September meeting showed officials remain split on how soon to roll out additional rate cuts. The report suggested that inflation concerns are still top of mind for policymakers, leading traders to temper expectations for aggressive easing.
Currencies
USD: Up (0.04%), $0.7168
GBP: Down (0.19%), $0.5353
EUR: Up (0.18%), $0.6173
JPY: Down (0.09%), ¥109.31
Bitcoin: Down (0.01%), US$123,334.66
(Conversion to C$1)
Commodities
Copper: Up (3.25%), 5.2751
Gold: Up (0.38%), 4,055.97
WTI: Up (0.80%), 62.94
Natural Gas: Up (2.11%), 3.38
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