Asia stocks are expected to gain as CPI data and Fedspeak are anticipated. UK Minister expresses no surprise over failed EU and Australia trade talks. TSX index sees a 0.28% gain driven by tech and energy sectors. An FTX employee recruited by Sam Bankman-Fried demands a $275,000 bonus. Oil output in the Permian basin is projected to increase until at least year-end. The yen surges from its yearly low due to options expiry. Emerging-market stocks rebound as China sentiment improves.
Hedge funds are increasingly shorting oil amid negative sentiment. Ottawa extends the deadline for underused housing tax. Surveys reveal that women are less likely to request a raise or negotiate salary. Many Canadians are facing financial stress and are close to being broke. Canadian tech workers earn 46% less than their U.S. counterparts
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TSX Recap: Tech, Energy Lifts Index to 0.28% GainTech and energy sectors drive the TSX index to a 0.28% gain. An FTX employee recruited by Sam Bankman-Fried is seeking a $275,000 bonus. Oil output in the Permian Basin is expected to grow until at least year-end. The yen surges as traders attribute the move to options expiry. Emerging-market stocks stabilize as sentiment improves in China. Hedge funds are increasingly shorting oil due to negative sentiment. Fed supervisors are closely monitoring banks' interest-rate risks. Moody's lowers Washington DC's rating outlook to negative. Ottawa extends the deadline for underused housing tax. Surveys show that women are less likely to request a raise or negotiate salary. Many Canadians are struggling financially and experiencing personal finance stress. Canadian tech workers earn 46% less than their US counterparts.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Midday Markets: Energy and Tech Stocks Lift TSX, U.S. Markets MixedCanada's main stock index was up in late-morning trading as strength in energy and technology stocks helped lead the way higher. Meanwhile, U.S. stock markets showed a mixed performance. The Dow Jones was up, while the S&P 500 and Nasdaq composite were down. Crude oil and natural gas prices also saw gains, while gold and copper prices increased as well. In other news, rental prices in Canada reached a new high last month, with a 9.9% year-over-year increase.
Source: nationalpost - 🏆 10. / 80 Read more »