Global Markets in Flux: Oil, Geopolitics & Recovery Signals
June 17, 2026 | Daily Markets Update 📊 At a Glance: Oil prices softened: Brent crude fell to $78.76, down from four-year highs as US-Iran tensions ease Asian markets mixed: Japan's Nikkei rose 0.8% on strong export data, while tech-heavy indices declined Wall Street retreated: S&P 500 and Nasdaq turned negative; Dow Jones hit new highs Canadian dollar steady: USD/CAD holding near 1.38, tracking commodity moves Fed on hold: Chair Kevin Warsh's first meeting expected to keep rates steady amid inflation caution North American Markets Canada: TSX Shows Resilience The S&P/TSX Composite Index posted modest gains in early trading, supported by strength in the energy and utility sectors. The Canadian benchmark continues to track global sentiment and commodity prices, with oil and natural gas movements providing key directional cues. Energy stocks remain the focal point for Canadian investors as oil prices negotiate the delicate balance between Middle East de-escalation an...
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