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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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Israel Delays Release of Palestinian Prisoners Amid Chaotic Hostage Handover

 

In a dramatic turn of events, Israel has delayed the scheduled release of 110 Palestinian prisoners following chaotic scenes during the handover of Israeli hostages by Hamas. The decision came after three Israeli hostages and five Thai nationals were released as part of a Gaza ceasefire deal.

Prime Minister Benjamin Netanyahu condemned the chaotic conditions under which the hostages were handed over to the International Committee of the Red Cross. He described the scenes as "shocking" and "horrific," and announced that the release of Palestinian prisoners would be postponed until the safe exit of all Israeli hostages is guaranteed.

The hostages, including 20-year-old Agam Berger, 29-year-old Arbel Yehoud, and 80-year-old Gadi Moses, were surrounded by large crowds of Hamas fighters and onlookers during the handover. Netanyahu's office branded the 110 Palestinian prisoners set to be freed as "terrorists" and emphasized that their release would be delayed until the safety of the remaining hostages could be ensured.

The ceasefire agreement, which went into effect on January 19, has seen the release of 15 hostages so far, with a total of 33 Israeli hostages expected to be freed over several weeks. Talks are ongoing in Egypt to extend the ceasefire, initially set to last six weeks.

The delay in the release of Palestinian prisoners has added another layer of complexity to the already fragile ceasefire agreement. As displaced Palestinians return to their homes in Gaza, many find their neighborhoods reduced to rubble, highlighting the ongoing humanitarian crisis in the region.

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