Dear Friends,
Tangents: Happy Monday.
January 12, 1755: Tsarina Elizabeth established the first Russian University.
January 12, 1915: Women denied the vote in the US.
January 12, 1964: The Zanzibar Revolution begins, triggering rapid political change and later union with Tanganyika to form Tanzania.
January 12, 1971: The sitcom "All in the Family" premiered on CBS. Go to article.
Edmund Burke, orator, b. 1729.
Jack London, author, b. 1876.
| Never-before-seen footage captures moment scientists find new, giant anaconda species in Amazon |
Scientists recently discovered a new species of green anaconda in the Amazon rainforest. A new Nat Geo series shows the moment they encountered this snake in the wild. Read More.
| Oddball ‘platypus galaxies’ spotted by James Webb telescope may challenge our understanding of galaxy formation |
Astronomers spotted nine galaxies with characteristics that have never been seen as a collection before. It’s possible this is a newly found type of star-forming galaxy. Read More.
| Giant sunspot that triggered recent solar ‘superstorm’ shot out nearly 1,000 flares and a secret X-rated explosion, record-breaking study reveals |
The massive sunspot that sparked an "extreme" geomagnetic storm in May 2024 unleashed hundreds of other dangerous solar flares, including a hidden X-class outburst, a new paper reveals. The study sets a record for the longest continuous observation of a single active region on our home star. Read More.
| China’s ‘artificial sun’ reactor shatters major fusion limit — a step closer to near-limitless clean energy |
China’s EAST nuclear fusion reactor has successfully kept plasma stable at extreme densities, passing a major fusion milestone and potentially bringing humanity closer to wielding near-limitless clean energy.
Representation matters
Autism advocates are celebrating the release of the first-ever Barbie on the spectrum. The new doll joins Mattel’s Fashionistas line, featuring Barbies with diverse skin tones, hair textures, body types and health conditions.
Japan dives into New Year with prayers and an icy plunge
Dozens of worshipers plunged into icy waters at a Tokyo shrine on Sunday, honoring a centuries-old New Year ritual for purification and good health.
iPhone’s monumental impact 19 years after debut
The iPhone was once a pocket brick … now it’s a pocket genius. CNN’s Kasie Hunt looks at the impact of the iPhone 19 years after its debut.
The art of omission
The Smithsonian has taken down details about President Trump’s two impeachments from an exhibition at the National Portrait Gallery.
PHOTOS OF THE DAY
Lhoknga, Indonesia
An aerial view of surfers riding a wave at Lhoknga beach in Aceh province
Photograph: Chaideer Mahyuddin/AFP/Getty Images
Numazu, Japan
Participants carry portable shrines during a traditional new year festival held at Ushibuseyama Park, as they pray for peace and bountiful harvests
Photograph: Takashi Aoyama/Getty Images
Reykjavik, Iceland
The northern lights ripple across the night sky above Hallgrímskirkja Cathedral amid a powerful geomagnetic storm, washing the darkness in shimmering greens and purples as residents and visitors gather to watch the spectacle
Photograph: Lokman Vural Elibol/Anadolu/Getty Images
Market Closes for January 12th, 2026
| Market Index |
Close | Change |
| Dow Jones |
49590.20 | +86.13 |
| +0.17% | ||
| S&P 500 | 6977.27 | +10.99 |
| +0.16% | ||
| NASDAQ | 23733.91 | +62.56 |
| +0.26% | ||
| TSX | 32287.70 | +261.77 |
| +0.80% |
International Markets
| Market Index |
Close | Change |
| NIKKEI | 53731.66 | +1791.77 |
| +3.45% | ||
| HANG SENG |
26608.48 | +376.69 |
| +1.44% | ||
| SENSEX | 83878.17 | +301.93 |
| +0.36% | ||
| FTSE 100* | 10140.70 | +16.10 |
| +0.16% |
Bonds
| Bonds | % Yield | Previous % Yield |
| CND. 10 Year Bond |
3.399 | 3.384 |
| CND. 30 Year Bond |
3.844 | 3.824 |
| U.S. 10 Year Bond |
4.1713 | 4.1653 |
| U.S. 30 Year Bond |
4.8212 | 4.8121 |
| BOC Close | Today | Previous |
| Canadian $ | 0.7204 | 0.7186 |
| US $ |
1.3880 | 1.3915 |
| Euro Rate 1 Euro= |
Inverse | |
| Canadian $ | 0.6176 | 1.6190 |
| US $ |
0.8573 | 1.1663 |
Commodities
| Gold | Close | Previous |
| London Gold Fix |
4493.85 | 4429.35 |
| Oil | ||
| WTI Crude Future | 59.50 | 59.12 |
Market Commentary:
On this day in 1906, the Dow Jones Industrial Average, a few months short of its 10th birthday, closed above 100 for the first time.
Canada
By Bloomberg Automation
(Bloomberg) — The S&P/TSX Composite rose for the third day, climbing 0.8%, or 261.77 to 32,874.70 in Toronto.
Shopify Inc. contributed the most to the index gain, increasing 1.8%.
Aya Gold & Silver Inc. had the largest increase, rising 12.0%.
Today, 164 of 218 shares rose, while 52 fell; 9 of 11 sectors were higher, led by materials stocks.
Insights
* The index advanced 33% in the past 52 weeks. The MSCI AC Americas Index gained 21% in the same period
* The S&P/TSX Composite is at its 52-week high and 47.9% above its low on April 7, 2025
* The S&P/TSX Composite is up 2% in the past 5 days and rose 4.3% in the past 30 days
* S&P/TSX Composite is trading at a price-to-earnings ratio of 21.2 on a trailing basis and 20.6 times estimated earnings of its members for the coming year
* The index’s dividend yield is 2.2% on a trailing 12-month basis
* S&P/TSX Composite’s members have a total market capitalization of C$5.18t
* 30-day price volatility rose to 9.67% compared with 9.48% in the previous session and the average of 11.54% over the past month
Index Points
Materials | 151.4266| 2.4| 49/7
Information Technology | 53.8678| 1.7| 9/1
Energy | 28.2255| 0.6| 30/7
Consumer Staples | 9.9371| 0.9| 9/1
Industrials | 9.7999| 0.3| 20/9
Consumer Discretionary | 9.1523| 0.9| 7/2
Real Estate | 2.5338| 0.5| 14/4
Communication Services | 1.9354| 0.3| 4/1
Health Care | 1.7218| 2.0| 4/0
Utilities | -1.1918| -0.1| 7/7
Financials | -5.6211| -0.1| 11/13
Shopify | 34.2600| 1.8| 15.7| 5.4
Kinross Gold | 19.2300| 5.3| 11.2| 18.3
Barrick Mining | 19.1000| 2.4| -1.6| 14.0
Emera | -3.4230| -2.4| 291.0| -1.9
Manulife Financial | -5.4160| -0.9| 51.0| 3.4
TD Bank | -6.1640| -0.4| -18.5| 1.0
MT Newswires:
Canada’s largest stock market on Monday set its fourth record close of 2026, with the resources-heavy Toronto Stock Exchange buoyed by elevated commodity prices amid expectations the impact on the Canadian economy from a regime shift in Venezuela "will be modest."
The S&P/TSX Composite Index closed up 261.77 points, or 0.8%, to 32,874.70.
Most sectors were higher, led by Base Metals, up 3.2, the Battery Metals Index, up 2.7%, and Health Care, up 2.6%.
According to Dow Jones Market Data, FactSet the index went into today’s session up 2.84% month and year to date, and 900.17 points after closing out the first full week of 2026 up 2.29%.
The only down day of the year to date came last Wednesday.
Of commodities, gold traded at a record high late afternoon Monday as the dollar fell after the U.S. Justice Department on Friday served the Federal Reserve with grand jury subpoenas, threatening to indict Fed Chair Jerome Powell as the Trump Administration pushes to restrict the independence of the central bank and presses for lower interest rates.
Gold for February delivery was last seen up $100.90 to US$4,601.80 per ounce, topping the Dec. 26 record close of US$4,552.50.
Also, West Texas Intermediate (WTI) crude oil rose for a third-straight session, rising to a five-week high amid widespread unrest in Iran even as supply remains robust.
WTI crude oil for February delivery closed up $0.38 to settle at US$59.50 per barrel, the highest since Dec. 5, while March Brent oil was last seen up $0.42 to US$63.76.
Building on prior analysis of the global economic and oil market implications of Venezuela’s regime change, Randall Bartlett, Deputy Chief Economist at Desjardins, drilled down into the possible economic and fiscal impacts for Canada. This includes not only consequences for the national economy and federal finances, but also Alberta, Canada’s most exposed province.
On economic implications, Bartlett noted capital spending in Canada’s energy sector remains an important driver of overall business investment.
He said this is true for investment directly in the oil sands and conventional oil and gas, but also transportation infrastructure and manufacturing and equipment for components used in energy extraction.
As a result, Bartlett added real business investment has been closely linked to swings in oil prices, albeit less so following the drop in energy prices in 2014.
"When oil prices fell at that time, not only did investment take a hit but so did consumption and income, particularly in energy-producing provinces."
According to Bartlett, this time should be different than in 2014.
He said while the newfound uncertainty around the oil price outlook will likely further discourage planned investment, the broader economic impact of lower oil prices is expected to be more of a medium-term risk.
That, he added, is because unlike when the glut of shale oil pushed prices lower in 2014, this time Desjardins expects the price of Western Canada Select (WCS), Canada’s heavy crude benchmark, to bear the brunt as opposed to the entire crude complex.
In contrast, Desjardins anticipates the price of WTI, North America’s light crude benchmark, to remain broadly unchanged from its December 2025 Economic and Financial Outlook (EFO).
Further, Bartlett said, increased North American supply of heavy crude from Venezuela will take time to be produced, shipped and processed.
And even then, the Desjardins base case is for only a modest widening in the discount Canadian producers receive relative to their US counterparts.
While risks of a more significant drop in the price of WCS remain, Desjardins believes they are less likely.
"So," Bartlett said, "with the change of the Venezuelan regime likely leading to more gradual and regionally focused oil price implications than in the past, the Canadian economic impact is also likely to be modest.
While lower oil prices and uncertainty are likely to limit investment, we are not expecting a lower price for WCS than previously believed to cause a national recession in Canada.
Using the upper bound of our revised forecast … we estimate the level of real GDP in 2027 would be 0.5% lower than the December 2025 EFO.
Real GDP is closer to 0.4% lower with our new baseline WCS discount forecast and less than 0.3% lower at the lower bound of the new forecast range.
At the same time, the level of nominal GDP, the broadest measure of the tax base, is projected to be 0.4%, 0.5% and 0.7% lower than in the December 2025 EFO in the respective WCS forecast scenarios.
The impact on nominal GDP is greater than real GDP because the lower price of oil exports weighs on the terms of trade and, hence, GDP deflator. But all in all, these results suggest the impact on the Canadian economy will be modest."
Bartlett said the impact of a lower price for WCS should be felt more in Alberta than nationally.
But, he added, it is unlikely to lead to a recession in Alberta either, even if the discount paid on WCS relative to WTI reached over US$20 per barrel, which is not the Desjardins base case.
The Desjardins December 2025 EFO baseline forecast points to Alberta leading Canada in growth over the next two years.
This was supported by energy exports to the United States being largely Canada, United States, Mexico Agreement (CUSMA) compliant, and the Trans Mountain Expansion (TMX) pipeline supporting increased flow of fossil fuels to Asia.
But with the Alberta energy producers likely to get paid less than planned to move forward, investment, incomes, real GDP and nominal GDP in the Wild Rose Province could be affected, Bartlett added.
On fiscal impact, Bartlett noted historical data revisions, and a better economic outlook had improved the federal fiscal position before any upcoming deterioration in oil prices weigh on the economic and financial outlook.
As such, he said, even under the worst-case oil price scenario, the Government of Canada’s deficits over the next couple of years may come in smaller than those presented in Budget 2025.
But, he added, with the level of nominal GDP likely to be lower over the next couple of years than Desjardins projected in December, lower oil prices going forward should "chew into some of that" federal fiscal windfall.
Using the fiscal sensitivities for real GDP growth and GDP inflation published in Budget 2025, Bartlett said the impact of lower nominal GDP outlined above could lead the deficit to be $1.7 billion larger in the FY27 and $2.5 billion in FY28 in its new baseline WCS price scenario.
In the worst-case scenario, the fiscal hit to the federal government’s bottom line rises only modestly to $2.1 billion and $3.8 billion in FY27 and FY28, respectively.
(Desjardins excluded analysis for the FY26 as Budget 2025 was released close to the end of the fiscal year.)
US
By Rita Nazareth
(Bloomberg) — Stocks and bonds bounced from session lows, but caution remained on Wall Street after the Trump administration escalated its attack on the Federal Reserve, raising concern about central bank independence.
While the S&P 500 erased its decline and hit a new record, unease over interference in monetary policy kept a lid on the market.
Capital One Financial Corp., American Express Co. and JPMorgan Chase & Co. sank as President Donald Trump called on credit-card companies to cap rates at 10% for a year.
Alphabet Inc. hovered near $4 trillion.
The Fed’s perceived independence from government whims is a bedrock assumption of markets, and any change to that perception could weigh on sentiment.
While independence risks will likely be a key theme in 2026, Krishna Guha at Evercore says there are two ways to interpret US markets stabilizing. “The first is this does not matter to markets,” he said.
“The second is it matters a lot, but partly for this reason investors think this move is going nowhere and the administration will look for a de-escalation off ramp. We are firmly in the second camp.”
Investors have spent the past week shrugging off various Trump dramas and focusing on the economy, which has shown signs of growing health.
Everything from improved productivity data, robust semiconductor demand, rising shipping rates and gains in industrial production and services output has emboldened market bulls.
The defining feature of this market is how little investors seem to care about an increasingly noisy backdrop including geopolitics, policy risk, and macro uncertainty, according to Mark Hackett at Nationwide.
“The bull market still has legs, and it’s entirely possible that we see further gains irrespective of what happens with internal and external policy, said Giuseppe Sette at Reflexivity.
The S&P 500 edged up to around 6,980.
The KBW Bank Index lost almost 1%.
Most mega caps rose.
Alphabet Inc.’s Google confirmed that it has entered a multiyear deal with Apple Inc. to power the iPhone maker’s artificial-intelligence technology.
The yield on 10-year Treasuries advanced two basis points to 4.19%.
A dollar gauge slid 0.2%.
Gold hit fresh highs.
“US equities were under pressure early, only to stabilize and inch higher as initial concerns that the pressure on Fed independence would weigh on risk assets faded,” said Ian Lyngen at BMO Capital Markets.
“If nothing else, there appears to be dip-buying interest in both stocks and bonds at the moment.”
Earlier stock losses came after Jerome Powell said the central bank had been served grand jury subpoenas from the Justice Department threatening a criminal indictment.
In a forceful written and video statement released Sunday, Powell said the action was related to his June congressional testimony on ongoing renovations of the Fed’s headquarters.
In an interview with NBC News on Sunday, Trump denied having any knowledge of the investigation into the central bank.
“While there has been minimal market reaction, the situation raises concerns about the potential erosion of the Federal Reserve’s institutional independence and market stability, prompting bipartisan reactions from lawmakers and economists alike,” said Jason Pride at Glenmede.
Importantly, as of now, no criminal charges have been filed, Pride noted, but the situation deserves ongoing monitoring given the risk it introduces to perceived Fed independence, long-term inflation expectations, and long-term rates.
“Whether the White House’s latest attempt to influence Fed policy succeeds or not is key to the medium- and long-term market implications,” said Thierry Wizman at Macquarie Group.
“But if it does succeed, we foresee a weaker dollar, a steeper yield curve, higher long-term yields, and higher inflation breakevens as modal outcomes, all else equal.”
The strength of the evidence in favor of greater central bank autonomy lowering inflation has often been overstated, and even complete independence offers no guarantee of low inflation in future, according to Jennifer McKeown at Capital Economics.
“But sustained political intrusion into monetary policy would come at a cost, even if markets are willing to overlook it in the short term.”
The Trump administration’s latest attack on the Fed’s independence poses a threat to the US stock market, at least in the short term, according to JP Morgan Securities’ trading desk.
“While macro and corporate fundamentals support a tactically bullish stance the risk to Fed independence creates an overhang and thus we are cautious in the very near-term,” Andrew Tyler, head of global market intelligence, said.
“The risk around Fed independence is likely to push the US toward near-term underperformance.”
“Are the subpoenas and threat of criminal prosecution simply a ploy to manipulate the Fed? I can’t say, but I can say that I hope not,” said Mark Malek at Siebert Financial.
“The Fed must remain independent in order for the central bank to remain effective and – and this is important – or the integrity of the US dollar and the all-important Treasury markets to remain the world’s benchmarks.”
For now, the price action in bonds is consistent with Fed credibility concerns, with the yield curve steepening.
That being said, the moves are within the prevailing range, according to Ian Lyngen at BMO Capital Markets.
“After shrugging off last week’s geopolitical surprises, US markets face domestic political headlines as trading kicks off this week,” said Chris Larkin at E*TRADE from Morgan Stanley.
“Barring additional surprises, the markets will likely turn their attention to earnings and inflation data.”
US consumers probably experienced only a modest pickup in inflation as 2025 drew to a close, consistent with price pressures that are gradually abating.
The core consumer price index, regarded as a measure of underlying inflation because it strips out volatile food and energy costs, is seen rising 2.7% in December from a year earlier.
That’s just a touch more than the 2.6% annual advance in November, which was the smallest since early 2021.
“Overall, while the Fed cannot dismiss the possibility of a more sustained inflationary episode, a cooling labor market should help contain price pressures,” said Seema Shah at Principal Asset Management.
“Inflation is expected to remain slightly elevated through 2026, with a return to the 2% target this year appears unlikely.”
A survey conducted by 22V Research showed that 33% of investors believe that the market reaction to CPI will be “risk- on,” 45% said “mixed/negligible” and only 21% “risk-off.”
This week’s US inflation data is unlikely to “ruffle any feathers”, according to Max Kettner at HSBC.
If anything, the fourth quarter reporting season with a similarly easy-to-beat setup like in the last two quarters should be the next bullish catalyst, he said.
In fact, traders are also gearing up for the unofficial start of the US earnings season, with a handful of big banks reporting results.
There’s little doubt that lenders, especially the six biggest Wall Street lenders, will deliver a massive earnings haul, thanks to a surge in corporate dealmaking, strong trading revenue and lower costs owing to productivity gains from
artificial intelligence. But that’s largely old news.
What investors want to know is how these companies, with their unique insight into the state of an economy many across Wall Street expect to boom, view 2026.
Attention, particularly on the consumer, is piqued because the outlook has been clouded by the shutdown and interruptions to government data.
Top of mind will be consumer lending, from provisions for loan losses to how Americans are using — and paying off — credit cards.
Overall, company guidance and consensus revisions are lifting expectations for US profits in the fourth quarter, setting the stage for another potentially resounding earnings beat, according to Michael Casper and Wendy Soong at Bloomberg Intelligence.
Based on current estimates, S&P 500 constituents are expected to deliver earnings growth of 8.4% in the fourth quarter and 14.6% in 2026.
Excluding the “Magnificent Seven” mega caps, profit growth is projected at 4.6% and 13.3%, respectively, they said.
Strong earnings per share doesn’t mean strong price returns, according to Savita Subramanian at Bank of America Corp.
“Earnings optimism is justified and even weaker guides are not reason to worry – it’s seasonally appropriate,” she said.
“But ‘alpha’ on beats is less of a slam dunk: early reporters that have beat lagged the following day. Boom earnings years have seen lower price returns than normal- equities anticipate rather than react.”
The first week of the fourth quarter earnings season could help set the tone for how stocks trade through the rest of the month, noted Anthony Saglimbene at Ameriprise.
Strong updates on credit, margins, and capital deployment from key banks could help anchor confidence as the reporting season quickly broadens to the rest of Corporate America over the coming weeks, he said.
However, if expenses run hot or guidance turns cautious, reactions could be more volatile, and the narrative may shift toward a more selective or defensive stance.
“Earnings will need to do more of the heavy lifting this year to keep major averages rising,” Saglimbene concluded.
“Starting this week, investors will see if Corporate America is up for the challenge.”
To Robert Edwards, 2026 is likely to be a sawtooth year for the markets, where stocks experience a 7-15% pullback in the first half of the year for the simple reason that too much of Wall Street is bullish.
“The market is due for a sentiment reset and we expect that reset to take place in the next six months,” said the chief investment officer of Edwards Asset Management.
“This sentiment reset is necessary fuel for the next leg of the bull market. We expect stocks to reach record highs by year-end.”
Corporate Highlights:
* Nvidia Corp. plans to invest $1 billion over five years in a new laboratory with Eli Lilly & Co., aiming to speed up the use of artificial intelligence in the pharmaceutical industry.
* Societe Generale SA is scrapping a self-developed artificial intelligence tool in favor of Microsoft Corp.’s Copilot solution, highlighting the challenges even large lenders face in building out their own offering in the cost-intensive technology.
* Paramount Skydance Corp. ratcheted up the stakes in the monthslong battle for Warner Bros. Discovery Inc., saying it plans to nominate directors to the board to thwart a merger with Netflix Inc.
* UnitedHealth Group Inc. used “aggressive strategies” to maximize diagnoses and boost payments for patients on private Medicare health plans, a new Senate report found, adding to pressure on the largest US health insurer.
* Eli Lilly & Co. said Monday it expects its highly anticipated weight-loss pill to receive US regulatory approval as early as the second quarter of 2026, slightly later than it signaled earlier.
* Novo Nordisk A/S’s obesity pill will allow it to tap into a massive population of patients that have not yet taken GLP-1s, the drugmaker’s chief executive officer said.
* Sarepta Therapeutics Inc. fell Monday after reporting its embattled gene therapy is expected to miss fourth-quarter sales estimates.
* Moderna Inc. said its US Covid business did better than expected last year, a rare bright spot for the vaccine maker, which has struggled with the decline of people getting its shot.
* Abercrombie & Fitch Co.’s holiday sales disappointed investors, helping spark a selloff in retail stocks.
* Shake Shack Inc. reported preliminary fourth-quarter sales below Wall Street estimates, another sign of struggles in the fast-casual restaurant sector.
* Five Below Inc. boosted its sales forecast beyond Wall Street estimates after reporting a banner holiday shopping season.
* Allegiant Travel Co. agreed to buy Sun Country Airlines Holdings Inc. in a $1.5 billion cash-and-stock transaction, further driving consolidation in the US airline industry amid intensifying competition.
* Alaska Air Group Inc. is upgrading its technology systems in the wake of painful outages that upended operations and hit earnings, a crucial step in the company’s strategy to establish itself as a global carrier.
* QXO Inc. is raising another $1.8 billion from investors including Apollo Global Management Inc. and Temasek Holdings Pte, comfortably more than doubling the $1.2 billion financing deal it announced last week.
* The US Supreme Court turned away a bid by Hertz Global Holdings Inc. to avoid more than $320 million in payments to bondholders tied to its Covid-era bankruptcy, leaving in place a ruling that favored creditors.
* Michael Saylor’s Strategy Inc. acquired almost $1.25 billion in Bitcoin, marking the company’s largest purchase of the digital asset since July.
* UBS Group AG said planned Swiss banking reforms are a threat to the national economy as pressure builds on the government to water down the proposals.
* Airbus SE expects aircraft engines to remain in tight supply this year, suggesting that the bottlenecks that have complicated output in recent years show no signs of abating any time soon.
* Heineken NV Chief Executive Officer Dolf van den Brink is stepping down abruptly as the brewer faces a drop in beer sales and underperforms rivals.
* Simon Carter, chief executive officer of British Land Plc, is set to step down from the role after five years and will head to P3 Logistics Parks to lead the GIC Pte-owned investor and developer.
* Birkenstock Holding Plc reported strong sales figures for the final months of 2025 as demand stays robust for its high-end sandals and clogs, despite the impact of a weaker US dollar and tariffs.
* Mercedes-Benz Group AG fell further behind BMW AG in selling electric vehicles, leaving the automaker increasingly reliant on a slate of upcoming models to revive interest in its plug-in lineup.
* Shares of China’s biggest food-delivery firms climbed as the nation’s top antitrust body launched a probe into competition practices in the sector, spurring hopes that authorities will rein in subsidy-driven price wars.
Some of the main moves in markets:
Stocks
* The S&P 500 rose 0.2% as of 4 p.m. New York time
* The Nasdaq 100 was little changed
* The Dow Jones Industrial Average rose 0.2%
* The MSCI World Index rose 0.2%
* Bloomberg Magnificent 7 Total Return Index was little changed
* The Russell 2000 Index rose 0.4%
* KBW Bank Index fell 0.9%
Currencies
* The Bloomberg Dollar Spot Index fell 0.2%
* The euro rose 0.2% to $1.1665
* The British pound rose 0.4% to $1.3463
* The Japanese yen fell 0.2% to 158.19 per dollar
Cryptocurrencies
* Bitcoin rose 0.8% to $91,336.45
* Ether fell 0.6% to $3,098.59
Bonds
* The yield on 10-year Treasuries advanced two basis points to 4.19%
* Germany’s 10-year yield declined two basis points to 2.84%
* Britain’s 10-year yield was little changed at 4.37%
* The yield on 30-year Treasuries advanced two basis points to 4.83%
* The yield on 2-year Treasuries was little changed at 3.54%
Commodities
* West Texas Intermediate crude rose 0.6% to $59.47 a barrel
* Spot gold rose 1.9% to $4,593.38 an ounce
–With assistance from Vildana Hajric.
Have a lovely evening.
Be magnificent!
As ever,
Carolann
Embrace the faith that every challenge surmounted by your energy; every problem solved by your wisdom; every soul stirred by your passion; and every barrier to justice brought down by your determination will ennoble your own life, inspire others, and explode outward the boundaries of what is achievable
on this earth. –Madeleine Albright, 1937-2022.
Carolann Steinhoff, B.Sc., CFP®, CIM, CIWM
Senior Investment Advisor
Queensbury Securities Inc.,
St. Andrew’s Square,
Suite 340A, 730 View St.,
Victoria, B.C. V8W 3Y7
Tel: 778.430.5808
(C): 250.881.0801 (Text Only)
Toll Free: 1.877.430.5895
Fax: 778.430.5828