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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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Diplomatic Struggles: Russia and the U.S. Face Challenges in Ukraine Peace Talks

 

Russia’s Foreign Minister Sergei Lavrov has acknowledged the difficulties in reaching a peace agreement with the United States regarding the ongoing war in Ukraine. In an interview with the Kommersant newspaper, Lavrov stated that while discussions are taking place, agreeing on the key components of a settlement remains a challenge.

The diplomatic negotiations come amid continued tensions between Russia and Ukraine, with both sides seeking a resolution that aligns with their respective interests. While U.S. officials have expressed optimism about the possibility of a peace deal, Russia has been cautious, emphasizing the complexity of the discussions.

Despite the hurdles, efforts to broker a lasting peace continue, with international stakeholders closely monitoring the situation. The outcome of these negotiations could have significant implications for global stability and the future of Ukraine’s sovereignty.


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