Loonie Gains as Crude Prices Spike | US Existing Home Sales Data Due
Published April 22, 2019
The Canadian dollar rose alongside crude oil prices, which jumped to a six-month high, amid reports that the US is preparing to announce that it will discontinue granting sanctions waivers to countries trading with Iran. West Texas Intermediate rose to the highest level in weeks as market participants are demonstrating their concerns regarding supply constraints.
Thursday’s publication of the Mueller report has left many politicians in the US divided as to the most appropriate course of action. Democrats are keen to keep the inquiry on the findings in the report open, with Senator Elizabeth Warren calling for impeachment proceedings to begin.
The MSCI Asia Pacific Index dropped by 0.1% while Japan’s Topix index finished the trading session higher 0.1% higher. Much of Europe will be shut down today for the holidays, with almost every market in the region closed. In the US, equity and bond markets are open with S&P 500 futures pointing to a lower open, and the 10-year Treasury yield 2.572%.