Global shares were mixed as sentiment suffered on a range of factors, from uncertainty over U.S. President Donald Trump\u2019s tariff policy and geopolitical tensions to renewed worries about the upheaval to the economy from AI.<\/p>\n
After the Supreme Court ruled Trump\u2019s emergency tariffs were unlawful on Friday, the President announced a 10-per-cent across-the-board levy, which came into effect on Tuesday. <\/p>\n
Equities<\/p>\n
Wall Street futures climbed higher after all three major U.S. stock indexed ended lower on Monday. <\/p>\n
TSX futures fell. <\/p>\n
Canada\u2019s largest banks are expected to report another quarter of strong earnings, with Bank of Nova Scotia to kick off first-quarter earnings this morning before the bell. Investors are also getting results from Exchange Income Corp.<\/p>\n
On Wall Street, markets are watching earnings from Home Depot Inc. and HP Inc.<\/p>\n
Overseas, the pan-European STOXX 600 was down 0.072 per cent in morning trading. Britain\u2019s FTSE 100 gave back 0.2 per cent, Germany\u2019s DAX fell 0.11 per cent and France\u2019s CAC 40 rose 0.033 per cent.<\/p>\n
In Asia, Japan\u2019s Nikkei closed 0.87 per cent higher, while Hong Kong\u2019s Hang Seng fell 1.82 per cent.<\/p>\n
Commodities<\/p>\n
Brent crude was up 0.1 per cent at US$71.57 per barrel as tensions continued to simmer between the U.S. and Iran. <\/p>\n
In other commodities, spot gold dropped 1.1 per cent to US$5,172.11 per ounce, snapping a four-session winning streak. U.S. gold futures for April delivery were down 0.6 per cent at US$5,191.50.<\/p>\n
Currencies and bonds<\/p>\n
The Canadian dollar weakened against its U.S. counterpart.<\/p>\n
The day range on the loonie was 72.89 US cents to 73.04 US cents in early trading. The Canadian dollar was down about 0.95 per cent against the greenback over the past month. <\/p>\n
The U.S. dollar index, which weighs the greenback against a group of currencies, rose 0.11 per cent to 97.74. <\/p>\n
The euro advanced 0.02 per cent to US$1.1788. The British pound climbed 0.01 per cent to US$1.3492.<\/p>\n
In bonds, the yield on the U.S. 10-year note was last up at 4.038 per cent.<\/p>\n
Economic news<\/p>\n
8:15 a.m. ET: U.S. ADP National Employment Report Estimate for Feb. 7.<\/p>\n
9 a.m. ET: U.S. S&P Cotality Case-Shiller Home Price Index for December. Analyst estimate is a rise of 0.3 per cent from November and up 1.2 per cent year-over-year.<\/p>\n
9 a.m. ET: U.S. FHFA House Price Index for December. Analyst estimate is a rise of 0.3 per cent from November and up 1.8 per cent year-over-year.<\/p>\n
10 a.m. ET: U.S. wholesale trade for December.<\/p>\n
10 a.m. ET: U.S. Conference Board Consumer Confidence Index for February.<\/p>\n
With Reuters and The Canadian Press<\/p>\n","protected":false},"excerpt":{"rendered":"Global shares were mixed as sentiment suffered on a range of factors, from uncertainty over U.S. President Donald…\n","protected":false},"author":2,"featured_media":496202,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[3244,49,48,3245,3237,3240,2640,3242,3246,166,3247,44,3241,3239,3243,3238],"class_list":{"0":"post-496201","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-canada","8":"tag-bonds","9":"tag-ca","10":"tag-canada","11":"tag-canadian-dollar","12":"tag-dow-jones","13":"tag-equities","14":"tag-futures","15":"tag-gold","16":"tag-loonie","17":"tag-nasdaq","18":"tag-newnewsletter","19":"tag-news","20":"tag-oil","21":"tag-sd","22":"tag-silver","23":"tag-tsx"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/496201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=496201"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/496201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/496202"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=496201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=496201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=496201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}