Skip to main content

Featured

TSX Slumps as Central Banks Hold Steady

  Canada’s Main Index Suffers Sharpest Drop Since May The Toronto Stock Exchange’s S&P/TSX composite index fell 169.92 points, or 0.6%, to close at 27,369.96 on Wednesday, marking its steepest single-day decline in ten weeks. The drop followed a record high the previous day, underscoring investor unease as both the U.S. Federal Reserve and the Bank of Canada opted to keep interest rates unchanged. The materials sector led the retreat, sliding 2.1% amid tumbling copper and gold prices. Financials and technology also posted losses, down 0.6% and 0.5% respectively, as eight of the index’s ten major sectors ended in the red. Market sentiment soured after the Fed’s decision to hold rates steady offered no clear timeline for future cuts, disappointing investors hoping for dovish signals. Meanwhile, the Bank of Canada maintained its benchmark rate at 2.75% for the third consecutive meeting, citing reduced risks of a global trade war. Among individual stocks, Capital Power Corp sa...
Post a Comment
Read more

article

Labels

Wall Street Futures Slip Amid Escalating Middle East Tensions

U.S. stock index futures edged lower on Tuesday as the ongoing conflict between Israel and Iran continued to weigh on investor sentiment. The airstrikes and military escalations, now in their fifth day, have raised concerns about disruptions to oil exports from the Middle East, pushing crude prices higher.  

Energy stocks saw gains in premarket trading, with Chevron and Exxon rising nearly 1% each, as oil prices remained elevated due to uncertainty in the region. Meanwhile, broader market indices struggled, with Dow E-minis down 269 points (0.63%), S&P 500 E-minis falling 37.25 points (0.62%), and Nasdaq 100 E-minis dropping 138.5 points (0.63%).  

Investors are also closely watching the Federal Reserve’s upcoming policy meeting, scheduled for Wednesday. The central bank is widely expected to keep interest rates unchanged, but traders are pricing in potential rate cuts later in the year.  

As geopolitical tensions persist, market participants are shifting toward safe-haven assets, with U.S. Treasury yields dipping across the curve. The uncertainty surrounding the Middle East conflict and its potential economic impact continues to drive volatility in global financial markets.

Labels:

Comments

Post a Comment

Popular Posts