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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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France's Prime Minister Condemns Trump's Oval Office Clash with Zelenskyy

 


In a rare display of sharp criticism, French Prime Minister François Bayrou denounced former U.S. President Donald Trump's recent confrontation with Ukrainian President Volodymyr Zelenskyy. Speaking during a parliamentary debate in Paris, Bayrou described the Oval Office exchange as a "staggering show of brutality" aimed at humiliating Zelenskyy. 

The incident, which unfolded before global media, saw Trump allegedly pressuring Zelenskyy with threats, attempting to force concessions. Bayrou praised Zelenskyy for standing firm, stating, "President Zelenskyy did not fold, and I think we can show him our appreciation." His remarks were met with a standing ovation from French lawmakers.

This bold stance by Bayrou contrasts with the more measured tone adopted by French President Emmanuel Macron, signaling a divergence in diplomatic approaches within France's leadership. The episode has sparked widespread international debate about the dynamics of U.S.-Ukraine relations and the broader implications for global diplomacy.

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