Markets
Stocks, bonds, currencies and commodities, plus the macro flows moving global markets day to day.
Oil spike to $107 rattles stocks, then Iran deal talk calms markets
Oil's surge to roughly $107 a barrel pushed long-term borrowing costs up and stocks down on Thursday. A Reuters report that US and Iranian n
Open Text raises $1B in secured notes to refinance 2027 and 2028 debt
Open Text is refinancing with $1 billion in new secured notes, using proceeds to repay 2027 debt and buy back some 2028 notes. The move lock
Global bond yields near 4%, highest since 2007, as inflation fears bite
Government bond yields around the world have jumped to their highest level since 2007, with the average now just shy of 4%. Rising energy pr
E3 Lithium raises CA$11.5M to advance Clearwater project
E3 Lithium raised about CA$11.5 million in an upsized, oversubscribed unit offering. The funds will help advance its Clearwater lithium proj
Oil at $95.90 and 10-Year Yield at 5.16% Sink US Stocks
US stocks slipped as oil prices jumped to $95.90 and the 10-year Treasury yield hit 5.16%, its highest in years. Strong labor data and renew
Loonie hits lowest since July as retail sales drop and Fed stays hawkish
The Canadian dollar slipped to its lowest level since July 14 after retail sales fell 0.7% in July. A stronger US dollar and expectations th
Hong Kong's AI imports push August trade deficit to HK$71.2 billion
Hong Kong's trade deficit widened to HK$71.2 billion in August as AI-related electronics imports surged 60%, outpacing a 53% jump in exports
DAX slips as oil price fears outweigh brighter German business mood
Germany's DAX slipped 0.61% as investors focused on oil price risks from US-Iran tensions, ignoring a brighter Ifo survey. The 12-month Bren
Patent expiries push big pharma toward biotech acquisitions
Merck's Keytruda, a $32 billion-a-year drug, faces patent expiry in 2028. To offset the revenue gap, big pharma is likely to acquire biotech
US 10-Year Treasury Yield Tops 5% Again, Pressuring Stocks and Borrowing
US Treasuries are selling off again, pushing the 10-year yield above 5%. Higher yields raise borrowing costs for companies and governments,
India opens physically settled commodity derivatives to foreign investors
India's markets regulator SEBI will allow foreign investors to trade physically settled non-farm commodity derivatives, including gold and s
Ares Private Credit Fund Sees Redemption Requests Ease in Q3
Redemption requests at Ares Strategic Income Fund eased to 13.1% of shares in Q3, down from 14.4% in Q2. The fund still capped withdrawals a