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Daily Markets Update: Nasdaq Hits Record as Yields Top 5.3%, TSX Flat, Loonie Near 70¢

  S&P/TSX 35,518.55 +0.04% S&P 500 7,773.99 +0.66% Nasdaq 27,477.31 +1.05% Brent US$100.42 -1.8% USD/CAD 1.4250 Flat US 10-yr 5.315% +3.8 bp Monday, October 5 close, with Asia’s Tuesday session. Wall Street’s tech rally pushed the Nasdaq to a fresh record on Monday even as long-term bond yields kept climbing: the U.S. 10-year Treasury yield settled at 5.315%, a new 52-week high. Canada’s TSX barely moved, with tech gains offsetting a slide in energy and financials, and Cenovus fell after unveiling a C$5.7-billion takeover of Athabasca Oil. Oil dropped nearly 2% as G7 emergency stock releases and rising Middle East exports eased supply fears, and the loonie hovered near 70 U.S. cents, close to its weakest level in about 18 months. Canada: TSX Flat as Tech Offsets Energy Index / Stock Close Change S&P/TSX Composite 35,518.55 +0.04% Shopify (SHOP) — +5.7% Athabasca Oil (ATH) — +13.5% Cenovus Energy (CVE) C$44.86 -3.0% Suncor Energy (SU) — -1.2% The TSX added 15.90 points ...
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Attempted Coup in Bolivia (June 2024)

 

On June 26, 2024, an attempted coup took place in Bolivia. President Luis Arce reported an “irregular deployment of troops” in the capital city, La Paz, expressing concerns about a presidential coup. 

Troops stormed the presidential palace, Casa Grande del Pueblo. Arce confronted the general commander of the army, Juan José Zúñiga, who appeared to be leading the rebellion. While Zúñiga did not explicitly say he was leading a coup, he mentioned that the army aimed to “restore democracy and free political prisoners.” Arce called for democracy to be respected and announced new heads of the army, navy, and air force. He vowed that democracy would prevail and urged mobilized troops to return to their units. Former President Evo Morales also denounced the military movement as a "coup in the making". Let’s hope for a peaceful resolution to this situation. 

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