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Weekly Market Snapshot: Mideast Tensions and Chip Selloff Rattle Global Markets (July 13–17)

  Week of July 13–17, 2026 It was a rough week to be a tech investor and a good week to own oil. Escalating conflict between the US and Iran pushed crude sharply higher and rattled global markets, while a fresh wave of selling in semiconductor stocks dragged US and Asian indices lower. Closer to home, the Bank of Canada held its key rate steady, and the TSX—less exposed to chipmakers—held up noticeably better than its US and Asian peers. Here’s how the week broke down across every major market, and what it means for your wallet. 🇨🇦 Canada: TSX Day Close Change Mon, Jul 13 35,252.72 -0.15% Wed, Jul 15 (BoC day) 35,416.20 +0.27% Thu, Jul 16 35,340.15 -0.21% Fri, Jul 17 ~35,262 -0.22% Week total (Fri-to-Fri) — ~flat (about -0.1%) The TSX had a choppy but ultimately quiet week compared with its global peers. Monday's session opened with the Strait of Hormuz blockade headlines and closed lower. Wednesday brought a relief rally after the Bank of Canada's rate hold, with financials ...
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World Markets Anticipate Potential Trump White House Return

 

Investors worldwide are on edge as the specter of Donald Trump’s return to the White House looms large. Following Super Tuesday, which confirmed the November U.S. election showdown between Trump and incumbent Joe Biden, several critical flash points have emerged, capturing the attention of global markets.

Any escalation in trade tensions between the U.S. and major economies could send shockwaves through world equity markets, currently hovering near record highs. European Union policymakers fear that Trump might reimpose tariffs on European steel and aluminum—tariffs that Biden had previously suspended. Additionally, concerns arise about potential tariffs on EU curbs related to U.S. tech giants. Trump’s threat of imposing 60% tariffs on Chinese goods could significantly impact China’s GDP, especially when combined with stricter tariff enforcement. During his previous presidency, Trump imposed tariffs on $200 billion worth of Chinese goods, which remained in place under Biden. Bilateral trade initially dipped but rebounded during the pandemic surge in U.S. demand for electronics. However, recent tensions due to the Ukraine conflict have slowed this growth. China’s yuan and equities may bear the brunt if Trump’s tariff threats materialize.

Historically, U.S. stocks tend to end the year positively, regardless of the election outcome. However, the journey can be rocky. A divided Congress could temper policy plans for both candidates. Biden is expected to focus on renewable energy, while Trump might scrap electric vehicle subsidies and prioritize tax cuts. If Trump embarks on a “revenge tour,” the dollar could weaken, inflation might rise, and bond yields could climb, impacting investment decisions.

As the world watches, the question remains: Will Trump’s potential return reshape global markets or maintain the status quo?

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