Skip to main content

Featured

TSX Eyes Gains as Trump-Xi Summit Looms and Oil Steadies Near $95

Canadian Money Brief · Monday, May 11, 2026 Canadian equities are set for a cautious but constructive open this Monday as investors balance a packed macro calendar against an energy sector still reeling from one of its most volatile weeks in recent memory. TSX at a Glance The S&P/TSX Composite closed Friday at 34,077.76 , up 221 points (+0.65%) to cap a week dominated by whipsaw oil moves and a fragile Middle East ceasefire. The energy sector has led TSX gains over the past seven days — up roughly 5% — even as WTI crude fell about 7% on the week, settling near $95.42 per barrel . That apparent contradiction reflects Canadian producers' longer-term optimism on supply tightness rather than any single day's price swing. For the year, the TSX is up approximately 35%, outpacing most major global benchmarks. The Big Story: Trump Heads to Beijing All eyes this week will be on Washington and Beijing. President Donald Trump is scheduled to arrive in China on Wednesday , with formal ...
Post a Comment
Read more

article

Labels

Markets Hold Steady as Iran Deal Hopes Lift Sentiment — April 14, 2026




MoneySavings.ca  ·  Daily Market Brief

Tuesday, April 14, 2026  ·  Morning Edition

Markets hold steady as Iran deal hopes lift sentiment

S&P 500 Futures
6,936
▲ +0.20%
Nasdaq Futures
25,647
▲ +0.40%
Dow Futures
48,501
▲ +0.16%
WTI Crude
$96.31
▼ −2.80% easing

North American markets are poised for a steady open on Tuesday as investors grow cautiously optimistic about a potential U.S.-Iran agreement. U.S. stock futures held firm after the major averages posted strong gains the previous session, with the S&P 500 fully erasing its war-driven losses.

Oil prices offered some relief for consumers, with WTI crude pulling back nearly 3% to around $96.31 per barrel — easing from Monday's spike above $104. Asian markets also opened higher overnight, with Japan's Nikkei 225 rising 2.43% and Hong Kong's Hang Seng gaining 1%, both tracking Wall Street's optimism over a potential diplomatic resolution.

Key watch: President Trump signalled openness to further talks with Iran, saying Tehran had reached out to Washington. VP Vance also noted "a lot of progress" from initial negotiations, with a follow-up meeting possibly days away.

Q1 earnings: big banks in the spotlight

Earnings are the main focus today, with JPMorgan Chase, Wells Fargo, Citigroup, and BlackRock all reporting before the market open. Results were mixed:

Company Result Move
JPMorgan Chase (JPM) Beat Q1, but cut net interest income guidance ▼ −1% premarket
Wells Fargo (WFC) Q1 results disappointed ▼ −2%+ premarket
BlackRock (BLK) Strong results ▲ +2% premarket
Johnson & Johnson (JNJ) Beat estimates, raised full-year outlook ▼ −1% premarket

Johnson & Johnson reported earnings of $2.70 per share on revenue of $24.1 billion — up roughly 10% year over year — and raised its full-year revenue outlook to a midpoint of $100.8 billion. Despite the strong numbers, shares slipped slightly in premarket as investors digested broader market conditions.

Canadian angle

For Canadian investors, the TSX opens with cautious momentum. The pullback in oil prices eases near-term inflation pressure — welcome news for the Bank of Canada, which has been holding rates at 2.25% partly due to energy-driven inflation concerns. All eyes remain on U.S. bank earnings and any fresh developments out of Iran talks for direction today.

Information is for general purposes only and does not constitute financial or investment advice. Market data may be delayed. Always consult a licensed financial advisor before making investment decisions. © 2026 MoneySavings.ca

Labels:

Comments

Post a Comment