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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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Tragedy in Valencia: Floods Claim 205 Lives, Sparking Anger and Calls for Aid

 

Three days after devastating flash floods swept through towns in Spain’s Valencia region, the death toll has risen to 205, with 202 victims from Valencia alone. The initial shock is now giving way to anger and frustration as residents grapple with the aftermath of Spain’s deadliest natural disaster in living memory.

The floods, which began on Tuesday, have left streets blocked by vehicles and debris, trapping some residents in their homes. Many areas are still without electricity, running water, or stable telephone connections. The damage is reminiscent of a tsunami, with survivors mourning lost loved ones and struggling to rebuild their lives.

Local authorities and emergency services are working tirelessly to search for missing persons, many feared to be trapped in wrecked vehicles or flooded garages. The mayor of Chiva, Amparo Fort, described the situation as “unbelievable” and called for more machinery and aid to access affected sites.

Residents like Emilio Cuartero from Masanasa have voiced their desperation, highlighting the urgent need for basic supplies such as bread and water. The community’s resilience is evident as they come together to clear debris and support one another, but the scale of the disaster has left many feeling overwhelmed and in need of greater assistance.

As the region continues to recover, the solidarity among the people of Valencia offers a glimmer of hope amidst the devastation.


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