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5 Things to Know Today: July 7, 2026

July 7, 2026 Your quick morning rundown of the market and money news shaping Canadians' wallets today. 1. TSX Hovers Near Record Territory After Gold-Led Rally The S&P/TSX Composite closed at a record high of 35,274.84 on Friday, a gain of 0.88%, powered by a surge in gold mining stocks. The index has stayed close to that record through the start of this week as bullion prices remain elevated. For Canadian investors, especially anyone holding TSX-tracking ETFs in an RRSP or TFSA, the rally has been broad-based across financials and materials, though gains have leaned heavily on gold and mining names rather than the whole market. 2. Gold Steadies Near $4,150 US After a Volatile Start to the Week Gold is holding around US$4,150 an ounce as investors await Wednesday's Federal Reserve meeting minutes. The metal's strength traces back to Friday's much weaker-than-expected US jobs report, which cooled bets on a near-term Fed rate hike. For Canadians, gold's resilien...
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Asian Stocks Mixed Amid Volatile Yen After Wall Street Climbs on Inflation Report

 

Global stocks exhibited mixed performance today, with the Japanese yen experiencing fluctuations following the latest U.S. update on inflation. Wall Street’s growing belief in potential relief on interest rates as early as September influenced market dynamics.

Key Points:

  • Yen Volatility: The yen oscillated between gains and losses, losing some ground against the U.S. dollar. Speculation arose that Japanese authorities might have intervened to amplify the impact of milder U.S. inflation data.

  • U.S. Futures: S&P 500 and Dow Jones Industrial Average futures edged 0.1% higher, reflecting optimism about interest rate relief.

  • European Markets: Germany’s DAX rose 0.3%, the CAC 40 in Paris gained 0.8%, and London’s FTSE 100 added 0.4%.

  • Asian Markets:

    • Tokyo’s Nikkei 225 index declined 2.5%.
    • Hong Kong’s Hang Seng index climbed 2.6%.
    • Shanghai Composite index remained nearly unchanged.
    • Australia’s S&P/ASX 200 rose 0.9%.
    • South Korea’s Kospi slipped 1.2%.
    • Taiwan’s Taiex declined 2%.

  • Data Releases: Watch for the U.S. producer price index and inflation readings from Germany, France, and Italy later today.

  • Wall Street: Despite pullbacks for some tech giants, four out of five stocks in the S&P 500 index climbed.



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