Oil Rally Weighs on Stocks as Middle East Tensions Escalate
Stock markets are under modest pressure this morning as renewed tensions between the United States and Iran continue to diminish expectations for a near-term diplomatic resolution. The escalation has sparked another sharp move higher in energy prices, with Crude Oil and Gasoline extending their recent advances as markets assess the potential for further supply disruptions. […]
Markets Rebound as Strong Earnings and Commodity Strength Lift Sentiment
Stock markets are rebounding this morning after Monday’s pullback as investors continue to digest another round of encouraging corporate earnings. A broad-based rally across the commodity complex is also helping to underpin sentiment heading into the North American session, with gains in energy and industrial metals suggesting investors remain constructive despite higher bond yields. US […]
Markets Rebound as Inflation Cools and China Supports Risk Appetite
North American markets look set for a firmer start to the session as investors look beyond mixed overnight trading and focus on improving risk sentiment, with NASDAQ futures leading gains ahead of the open. Technology shares are once again providing leadership as markets continue to navigate a backdrop of moderating inflation, resilient economic data, and […]
Economic Strength Offsets AI Sector Weakness as Earnings Season Continues
Please note: The Morning Minutes will not be issued on Friday, July 17. They will return on Monday, July 20. AI-related stocks, particularly semiconductor names, have come under pressure again overnight, with weakness most evident across Asia-Pacific markets and reflected in lower NASDAQ futures. At the same time, a series of US economic reports continues to […]
Markets Weigh Strong Earnings Against Geopolitical Uncertainty
Global markets are mixed this morning as investors digest another round of economic data and corporate earnings while keeping a close eye on ongoing tensions between the US and Iran. Energy prices continue to hold onto recent gains as military strikes between the two countries persist, helping to support the commodity complex. Earnings remain front […]
Inflation Relief Lifts Futures as Earnings Season Begins
US index futures have moved higher this morning following a softer-than-expected inflation report, with NASDAQ futures up 1.4% and Dow futures steady. US consumer price growth eased to 3.5% from 4.2%, coming in below the 3.8% Street estimate. Attention now turns to interest rates, with Fed Chair Warsh scheduled to begin his first semiannual testimony […]
Markets Turn Defensive Ahead of Inflation and Earnings
Markets are starting the week on a more cautious footing as renewed US-Iran skirmishes over the weekend have lifted energy prices and reinforced geopolitical uncertainty. Investors also appear to be positioning defensively ahead of this week’s US inflation data and congressional testimony from Fed Chair Warsh, with higher Treasury yields weighing on risk appetite. Cryptocurrencies […]
Markets Pause as Earnings Momentum Builds Ahead of Bank Week
Stocks and commodities are little changed this morning as investors head into the final trading day of a choppy week. With few market-moving catalysts today, attention is increasingly turning to next week’s earnings season, which begins in earnest with several major US banks reporting on Tuesday. Canada’s labour market delivered a stronger-than-expected performance in June, […]
Earnings Season Begins as AI Rebound Offsets Geopolitical Caution
Markets are taking a more measured tone this morning as investors assess the latest developments in the Middle East while turning their attention to the start of earnings season. Energy markets and currencies have stabilized overnight after recent volatility, while gold and industrial metals are moving higher as traders weigh the potential for further escalation […]
Markets Reprice Risk as US-Iran Hostilities Resume
Hostilities between the US and Iran have resumed, including renewed attacks on shipping in the Strait of Hormuz, while President Trump has announced an end to the ceasefire during the NATO summit. The shift has weighed heavily on market sentiment, with energy prices rallying, treasury yields moving higher, and equities retreating as investors reassess political, […]