Canada’s Main Stock Index: The Canadian stock market declined, as gold prices fell, even though Oil moved higher. Investors were also taking profits after a strong move in the markets.
American Markets: U.S. markets saw a decline despite positive news from Taiwan Semiconductor Manufacturing Co. (TSMC), which reported an upbeat forecast and strong results. Market jitters came from economic policy concerns, and fear the Federal Reserve was too late to reduce interest rates, as unemployment data rose.
European Shares: European markets saw mixed gains, driven by a rise in energy sector stocks. This increase in energy stocks overshadowed declines in technology stocks, which faced some selling pressure. Investors were also focused on the European Central Bank (ECB) which kept the interest rate steady.
Japan’s Nikkei: The Nikkei index in Japan fell more than 2%, largely influenced by a sell-off in chip stocks. This decline was exacerbated by a stronger yen, which negatively impacts export-oriented companies in Japan.
U.S. Dollar: The U.S. dollar showed slight strength against its major currency peers. This movement in the currency market can impact various sectors and international trade, influencing market dynamics further.
Corporate Stock News
Alaska Air Group: Forecasted lower-than-expected third-quarter profit due to new flight attendant contract impact.
Alphabet Inc: Italian antitrust investigation into Google’s data practices; partnership with CMA CGM for AI deployment; lawsuits over privacy violations.
