blow to the global AI boom<\/a> he \u2060helped advance.<\/p>\nWall Street futures were mixed with the Nasdaq pointing lower after major North American markets closed down yesterday.<\/p>\n
TSX futures were in negative territory.<\/p>\n
In Canada, investors are getting results from Onex Corp. and Chemtrade Logistics Income Fund. <\/p>\n
\u201cJensen has obviously been a singular force in many ways so the impact will likely be felt far and wide,\u201d said UBS analyst Timothy Arcuri.<\/p>\n
\u201cThe company has become a key source of funds for a host of AI industry participants including neo-clouds, LLM developers, ecosystem partners, and suppliers, and we have always seen Jensen as a key driving force for this effort. Even if a new leader ultimately maintains a similar approach, there \u200cis likely to be some \u2018pause\u2019 \u200bin the company\u2019s willingness and ability to continue \u200cpursuing these deals in the near term.\u201d<\/p>\n
Overseas, the pan-European STOXX 600 was up 0.07 per cent in morning trading. Britain\u2019s FTSE 100 rose 0.23 per cent, Germany\u2019s DAX gained 0.12 per cent and France\u2019s CAC 40 climbed 0.11 per cent.<\/p>\n
In Asia, Japan\u2019s Nikkei closed 0.53 per cent higher, while Hong Kong\u2019s Hang Seng fell 1.55 per cent. <\/p>\n
Commodities<\/p>\n
Oil prices steadied but were headed for a second \u200bweekly decline as the continued U.S. focus \u200con its blockade and economic pressure on Iran eased fears of renewed fighting in the Middle East, though shipping attacks remained a supply risk.<\/p>\n
Brent futures were little changed at $95.80 \u2060a barrel. West Texas Intermediate (WTI) futures slipped 0.35 per cent to $88.43 a barrel. Both benchmarks were on track for a 2-per-cent drop this week, after plunging double digits last week.<\/p>\n
\u201cThe market is range bound \u200bpost midterms. The ability for more hostilities [in Iran] is \u200crestricted but a deal is equally elusive,\u201d said Jeff Currie, founder of Real Macro and former global head of commodities research at Goldman Sachs.<\/p>\n
\u201cThat means the market is roughly balanced, with the ability to trade up limited and the ability to trade down limited,\u201d he said.<\/p>\n
In other commodities, spot gold rose 0.7 per cent to US$3,903.19 an ounce. U.S. gold futures for December delivery gained 0.6 per cent to US$3,907.50.<\/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 70.07 US cents to 70.18 US cents in early trading. The Canadian dollar was down about 0.85 per cent against the greenback over the past month. It traded at $1.4263 per US$1. <\/p>\n
The U.S. dollar index, which weighs the greenback against a group of currencies, was little changed at 103.17. <\/p>\n
The euro edged up 0.02 per cent to US$1.1057. The British pound declined 0.04 per cent to US$1.3231. <\/p>\n
In bonds, the yield on the U.S. 10-year note was last down at 5.124 per cent. <\/p>\n
Economic news<\/p>\n
Euro zone GDP and trade deficit<\/p>\n
8:30 a.m. ET: Canadian manufacturing sales and new orders for September.<\/p>\n
8:30 a.m. ET: Canadian wholesale trade for September.<\/p>\n
8:30 am. ET: U.S. PPI for October. The Street is estimating a rise of 0.4 per cent from September and up 6.5 per cent year-over-year<\/p>\n
With Reuters and The Canadian Press<\/p>\n","protected":false},"excerpt":{"rendered":"Equities Global markets were muted to end a turbulent week dominated by revelations of extramarital affairs involving Nvidia…\n","protected":false},"author":2,"featured_media":969045,"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":["post-969044","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-bonds","tag-ca","tag-canada","tag-canadian-dollar","tag-dow-jones","tag-equities","tag-futures","tag-gold","tag-loonie","tag-nasdaq","tag-newnewsletter","tag-news","tag-oil","tag-sd","tag-silver","tag-tsx"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/969044","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=969044"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/969044\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/969045"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=969044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=969044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=969044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}