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Oil Jumps as U.S.-Iran Fighting Resumes: TSX Slips, Asia Slides, Fed Hike Bets Rise

  Markets are opening September on edge. The U.S. and Iran exchanged direct attacks over the weekend for the first time in a month, a tanker was struck by projectiles in the Strait of Hormuz on Monday, and President Trump threatened further strikes — sending oil higher, bond yields to fresh highs, and stocks lower on both sides of the border heading into Wednesday's Bank of Canada decision. Canada: TSX Falls for a Second Straight Session The S&P/TSX Composite closed Monday at 36,270.48 , down 283.44 points (-0.78%) , as renewed Middle East tensions hit financials and mining stocks. Canada's Big Banks slid despite widespread expectations the Bank of Canada holds rates Wednesday: TD fell 0.6%, while BMO and Scotiabank each lost 1.2%. Gold miners also retreated as bullion cooled from last week's records — Agnico Eagle dropped 1.9%, Barrick fell 2.2%, and Wheaton Precious Metals slid 2%. Index Close Change S&P/TSX Composite 36,270.48 -283.44 (-0.78%) U.S. Markets: Monda...
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Market Optimism: U.S. Stock Futures Climb Amid China Trade Talks and Fed Decision

U.S. stock index futures edged higher on Wednesday as investors reacted positively to news of upcoming trade discussions between the U.S. and China. Washington announced that representatives from both nations would meet in Switzerland over the weekend, marking a potential step toward de-escalating trade tensions that have rattled global markets.

The Federal Reserve is also in focus, with its policy decision expected later in the day. While the central bank is widely anticipated to hold interest rates steady, traders are closely watching for signals on future monetary policy moves. Market participants are pricing in a possible rate cut by July, following mixed economic data that suggests slowing growth alongside a resilient labor market.

At 07:05 a.m. ET, S&P 500 E-minis were up 0.66%, Nasdaq 100 E-minis gained 0.67%, and Dow E-minis rose 0.73%. Investors are also keeping an eye on corporate earnings, with companies like Walt Disney and Uber Technologies reporting results that could influence market sentiment.

As Wall Street navigates uncertainty, the combination of trade negotiations and Federal Reserve guidance will likely shape market movements in the coming days. Traders remain cautiously optimistic, hoping for clarity on both fronts.

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