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Stocks mixed as crude oil gave back gains on Iran-Strait of Hormuz de-escalation signals, pulling bond yields lower. Strong Q2 earnings (32% growth) support markets. Chipmakers rally on AI optimism; …
A weak jobs report triggered a broad market rally on Friday, as investors cheered the prospect of lower bond yields. The Nasdaq led the gains, rising 0.9%.
USDCAD edged lower due to a wider Canadian trade deficit and uncertainty around U.S.-Canada trade talks, despite oil price support and eased bond yields.
Canadian dollar moved in a narrow range as oil prices and benchmark yields fell, leaving USDCAD near 1.3928 after modest intraday moves.
The Fed cut rates by 25bps and signaled the start of an easing cycle, sending U.S. Treasury yields lower; the Dow rose while the S&P 500 and Nasdaq slipped in choppy trading.
Canadian employment plunged by 65,500 in August, lifting USDCAD as the loonie weakened, oil prices fell and bond yields dropped, boosting odds of a Bank of Canada rate cut.
KOSPI rose 0.25% as shipbuilding stocks jumped on a $5bn U.S. investment; foreigners were net sellers, the won weakened and bond yields fell. Markets stayed cautious ahead of Nvidia's earnings and a …