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Global markets traded mixed on Monday after oil prices rebounded from last week's cooldown, which had helped U.S. stocks close out their first winning week in three. Asian markets were mostly lower while European shares edged higher.
Global shares traded mixed on Monday as oil prices rebounded, reversing some of last week's cooldown that had helped U.S. stocks close out their first winning week in the last three.
France's CAC 40 edged up 0.3 per cent in early trading to 8,097.99, while Germany's DAX added 0.2 per cent to 25,464.53. Britain's FTSE 100 rose 0.3 per cent to 10,725.57. U.S. shares were set to drift lower. Dow futures dipped 0.3 per cent to 51,992.00, while S&P 500 futures shed 0.4 per cent to 7,770.75.
In Asia, Japan's benchmark Nikkei 225 declined 0.7 per cent to finish at 65,877.62. Australia's S&P/ASX 200 added 0.2 per cent to 8,679.70. South Korea's Kospi dipped 2.7 per cent to 6,889.74. Hong Kong's Hang Seng rose 0.5 per cent to 24,642.51, while the Shanghai Composite lost 1.7 per cent to 3,823.62.
Oil prices rebound amid Middle East uncertainty
In energy trading, benchmark U.S. crude gained 3.41 per cent to US$95.56 a barrel. Brent crude, the international standard, rose 3.73 per cent to $108.21 a barrel. Last week, Brent oil had momentarily dropped to $97-levels. The price is volatile because of uncertainty about when the war with Iran will allow oil to flow freely again from the Middle East, including access to the Strait of Hormuz.
In currency trading, the U.S. dollar fell to 156.93 Japanese yen from 157.19 yen. The euro cost $1.1377, down from $1.1393. Analysts say market players are closely watching upcoming inflation indicators to see if global central banks will stay hawkish, as they have been. Also of interest of late are AI shares, as those companies continue to post strong earnings, despite public expressions from various influential people about the risks of the technology.
Germany seeks more Canadian LNG
Meanwhile, Germany's energy minister said his country wants more Canadian liquefied natural gas, warning that supply chains are under threat. The comment came as the premiers of Alberta and Ontario were set to share a stage in Calgary to talk energy policy. In other news, U.S. President Donald Trump asked China's president if he wants to buy U.S. arms, according to an ambassador. In Canada, Ottawa is seeing major pushback over a major bill introduced by Carney.
Toronto's mayoral election is four weeks away. As parallel elections loom, The Sign Pad says business is booming. A doula deception led to a resignation and a guilty plea in the Baby Parker case, and a new SickKids safe space opened. Winnipeg police arrested a man after an altercation at St. Boniface Hospital.
Cambridge homicide and peace poles
The death of a Cambridge man is being investigated as a homicide, described as a tragic occurrence. Windsor and Detroit Rotarians unveiled matching peace poles near the Gordie Howe Bridge. An annual run honoured residential school survivors and children who never came home, under the theme Movement as medicine. In sports, the Rams failed to complete a comeback, losing to the Huskies 38-31.
Wrestler Benjamin Satterley, known as Pac, died at 40. Taylor Swift became the most-awarded artist in MTV VMAs history and dedicated her top prize to Dolly Parton. The Tragically Hip and Feist entered the Canadian Songwriters Hall of Fame. Heavy rain and flooding in Bangkok disrupted traffic and prompted evacuations.
Scottish island birth and AI regulation
The first baby in more than 30 years was born on a remote Scottish island. An AI minister said system deployment needs regulation, but no details were provided yet.
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CTVNews:This story was compiled and edited by the HeadTopics newsroom and HT AI from the reports above.
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