Analysts at TD Securities explained that markets traded with an upbeat tone throughout the North American session with the S&P 500 building on recent gains with a 0.6% rally while Canadian equities (TSX: +0.2%) saw a more modest advance.
Key Quotes:
“Treasuries saw a slight selloff in 2s as the curve flattened while Canadian rates outperformed in the front-end.”
“Cable (+1.2%) is leading the performance of G10 currencies on positive Brexit developments which also saw EUR (+0.1%) rally from intraday lows.”
“AUD (-0.5%) softened on Westpac’s announced hike to variable mortgage rates while USD/CAD held in the low 1.29 range amid ongoing NAFTA talks in Washington.”
“Local data flow picks up on Thursday with the ANZ Business Outlook Survey and AU private sector capex for Q2.”
Share
