Market Minutes
Read snapshots of the latest market news
Canadian dollar holds steady after election
The Canadian Dollar stayed range-bound after Prime Minister Mark Carney’s Liberals retained power without a majority, while global markets remain subdued ahead of major economic releases and evolving trade policy headlines.
Labor data in the spotlight
From JOLTs and the Conference Board, investors eye signs of consumer and job market resilience
Cautious optimism dominates as China holds stimulus for later
Asian markets traded quietly on Monday, with China’s muted policy stance and upcoming heavyweight economic data keeping investors cautious but hopeful for a risk asset rebound if incoming figures surprise to the upside.
Tariff confusion hits sentiment as China denies talks
Markets turned lower on Friday after China denied any ongoing tariff negotiations with the US, undercutting earlier hopes of easing tensions. Meanwhile, UK retail sales unexpectedly rose in March, offering a rare positive surprise amid global uncertainty.
Risk tilt weighs on gold
Retail resilience in the UK, inflation surprises in Tokyo, and mixed signals from US-China trade talks
Flip-flop market in flip-flop days
Markets remain directionless as hopes for a US-China trade thaw dim following pushback from Washington and Beijing. While the Dollar weakens, steady US jobless data underscores ongoing labor market strength.
Currency markets shift
Yen, Franc, and Euro outperform
Asia’s service strength lifts PMI, but global stagnation spreads as Eurozone and UK slide deeper
Fresh PMI data from April revealed a widening global divergence: Japan and Australia saw modest service-driven growth, while the Eurozone teetered on stagnation and the UK economy slipped into contraction — fueling speculation of policy easing in both Frankfurt and London as trade tensions and inflation risks mount.
Markets search for direction as ECB flags uncertainty, Trump targets Powell again
Markets stayed cautious Tuesday as ECB warnings and Trump’s renewed Fed attacks deepened uncertainty.
Gold’s breakout stuns markets
US dollar slips on speculation around Fed Chair Powell’s position and broader uncertainty over monetary direction