Latest news with #RyanFalvey
CTV News
a day ago
- Business
- CTV News
U.S. equity fund outflows ease on cooling inflation pressure, trade deal optimism
Trader Ryan Falvey works on the floor of the New York Stock Exchange, Monday, June 9, 2025. (AP Photo/Richard Drew) U.S. equity funds witnessed the smallest weekly net disposal in four weeks in the week through June 11 as a smaller than expected rise in consumer prices in May, and a U.S. trade deal with China, eased investor worries. According to LSEG Lipper data, investors liquidated just $212 million worth of U.S. equity funds during the week, the smallest weekly net outflow since approximately $13.65 billion worth of net purchases a month ago. U.S. sectoral funds, however, still witnessed net inflows worth a sharp $1.53 billion, the biggest amount for a week in four. Communication services, financial and industrial sectors with $529 million, $399 million and $388 million in net inflows, lead the gains. The equity large-cap, mid-cap and small-cap fund segments, meanwhile, faced a net $2.65 billion, $1.35 billion and $100 million worth of sales. Investors added money into U.S. bond funds for an eight consecutive week, with their $4.08 billion worth of weekly net purchase. They racked up U.S. short-to-intermediate investment-grade funds, short-to-intermediate government & treasury funds, and municipal debt funds worth a notable $2.37 billion, $1.02 billion and $523 million, respectively. At the same time, money market funds had a net $15.18 billion worth of weekly outflow, partly reversing a significant $66.24 billion weekly inflow, gained in the previous week.
CTV News
2 days ago
- Business
- CTV News
Wall Street dips in premarket and another Boeing crash sends the troubled company's shares tumbling
Trader Ryan Falvey works on the floor of the New York Stock Exchange, Monday, June 9, 2025. (AP Photo/Richard Drew) Wall Street trended lower in premarket trading early Thursday as the crash of another Boeing passenger jet dominated headlines and sent the troubled aerospace giant's stock spiraling. Futures for the S&P 500 and Nasdaq each fell 0.5% before the opening bell, while futures for the Dow Jones Industrial Average slid 0.7%. Boeing shares tumbled more than 8% after Air India said a London-bound flight crashed shortly after taking off from Ahmedabad airport Thursday with 242 passengers and crew onboard. The Boeing 787 Dreamliner crashed into a residential area near the airport five minutes after taking off. The crash comes days before the opening of the Paris Air Show, a major aviation expo where Boeing and European rival Airbus will showcase their aircraft and battle for jet orders from airline customers. Boeing has been mired in financial and regulatory trouble for more than six years after Lion Air Flight 610, a Boeing 737 Max 8, plunged into the Java Sea off the coast of Indonesia in late 2018, killing all 189 people on board. Five months later, Ethiopian Airlines Flight 302, a Boeing 737 Max 8, crashed after takeoff from Addis Ababa, Ethiopia, killing 157 passengers and crew. Boeing seemed to finally be emerging from the deep hole it was in after that pair of crashes, but that now appears to be short-lived. Last month, Boeing announced a pair of major orders in the Middle East during a visit to the region by President Donald Trump. Boeing shares were up close to 25% this year before Thursday's crash. Oracle climbed 8.5% after the software maker beat Wall Street's sales and profit targets and raised its forecast. Coming later Thursday are the latest government reports on the labor market and inflation at the wholesale level. Elsewhere, in Europe at midday, Germany's DAX lost 1.2% and the CAC 40 in Paris slipped 0.8%. Britain's FTSE 100 was nearly unchanged. In Asian trading, Japan's Nikkei 225 lost 0.5% to 38,216.06. Hong Kong's Hang Seng sank 0.5% to 24,234.80, while the Shanghai Composite index edged 0.1% lower to 3,404.66. In South Korea, the Kospi gained 0.9% to 2,933.44, while Australia's S&P/ASX 200 edged 0.1% higher to 8,604.50. Taiwan's Taiex lost 0.8%. In energy trading early Thursday, U.S. benchmark crude oil lost $1.32 to $66.83 per barrel. Brent crude, the international standard, shed $1.30 to $68.47 per barrel. The U.S. dollar slipped to 143.54 Japanese yen from 144.60 yen. The euro rose to $1.1603 from $1.1487. Elaine Kurtenbach and Matt Ott, The Associated Press
Toronto Sun
29-05-2025
- Business
- Toronto Sun
Global markets rise after a U.S. court blocked many of Trump's sweeping tariffs
Published May 29, 2025 • 3 minute read Trader Ryan Falvey works on the floor of the New York Stock Exchange, Tuesday, May 27, 2025. Photo by Richard Drew / AP NEW YORK — Stocks worldwide are rising after a U.S. court blocked many of President Donald Trump's sweeping tariffs. The S&P 500 was 0.8% higher in early trading Thursday. The Dow Jones Industrial Average was up 64 points, or 0.1%, and the Nasdaq composite was 1.4% higher. Technology stocks led the way after Nvidia once again topped analysts' expectations for profit and revenue in the latest quarter. The gains were even bigger in Asia, where markets had the first chance to react to the ruling issued late on Wednesday by the U.S. Court of International Trade in New York. Japan's Nikkei added 1.9%. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account THIS IS A BREAKING NEWS UPDATE. AP's earlier story follows below. Wall Street and financial markets around the world jumped after a U.S. court ruled that President Donald Trump is not authorized to impose sweeping tariffs on imports under an emergency-powers law. Futures for the S&P 500 rose 1% before the opening bell and futures for the Dow Jones Industrial Average were up 0.4%. Futures for the Nasdaq, home to Nvidia, other chipmakers and the biggest American technology companies, climbed 1.5%. U.S. Court of International Trade in New York found that the 1977 International Emergency Economic Powers Act, which Trump has cited as his basis for ordering massive increases in import duties, does not authorize the use of tariffs. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. The White House immediately appealed and it was unclear if Trump would abide by the ruling in the interim. The long-term outcome of legal disputes over tariffs remains uncertain. But investors appeared to take heart after the months of turmoil brought on by Trump's trade war. Nvidia shares jumped 6% in off-hours trading after the chipmaker and artificial intelligence bellwether delivered another quarter of robust growth despite tariff-driven turbulence. Trump's on-again, off-again trade war has whipsawed Nvidia and other Big Tech companies riding AI mania to propel their revenue and stock prices upward. Heading into its earnings announcement Wednesday, Nvidia's share price was right where it was at the beginning of 2025, before Trump took office and started his tariff rollouts. This advertisement has not loaded yet, but your article continues below. Nvidia's earnings, along with the court's tariff ruling, helped to propel other chipmakers and technology companies higher. Broadcom and Advanced Micro Devices each rose 3.1%, while Super Micro Computer jumped 4%. Apple and Amazon both rose about 2.5%. A three-judge panel ruled on several lawsuits arguing Trump exceeded his authority, casting doubt on trade policies that have jolted global financial markets, frustrated trade partners and raised uncertainty over the outlook for inflation and the global economy. Many of Trump's double-digit tariff hikes — including the huge levies on China — were already paused for up to 90 days to allow time for trade negotiations. But the uncertainty they cast over global commerce has stymied businesses and left consumers wary about what lies ahead. This advertisement has not loaded yet, but your article continues below. 'Just when traders thought they'd seen every twist in the tariff saga, the gavel dropped like a lightning bolt over the Pacific,' Stephen Innes of SPI Asset Management said in a commentary. The ruling was, at the least, 'a brief respite before the next thunderclap,' he said. In Europe at midday, Germany's DAX gained 0.4% and the CAC 40 in Paris jumped 0.8%. Britain's FTSE was unchanged. Japan's Nikkei 225 index jumped 1.9% to 38,432.98. American's largest ally in Asia has been appealing to Trump to cancel the tariffs he has ordered on imports from Japan and to also stop 25% tariffs on steel, aluminum and autos. The ruling also initially pushed the dollar sharply higher against the Japanese yen, but it settled back down overnight. It was trading at 144.98 yen early Thursday, up from 144.87 yen late Wednesday. This advertisement has not loaded yet, but your article continues below. Elsewhere in Asia, Hong Kong's Hang Seng added 1.3% to 23,561.86, while the Shanghai Composite index gained 0.7% to 3,363.45. Australia's S&P/ASX 200 gained 0.2% to 8,409.80. In South Korea, which like Japan relies heavily on exports to the U.S., the Kospi surged 1.9% to 2,720.64. Shares also were helped by the Bank of Korea's decision to cut its key interest rate to 2.5% from 2.75%, to ease pressure on the economy. Taiwan's Taiex edged 0.1% lower, and India's Sensex lost 0.2%. The yield on the 10-year Treasury rose to 4.52% early Thursday from 4.47% late Wednesday. U.S. benchmark crude oil gained 32 cents to $62.16 per barrel. Brent crude, the international standard, added 26 cents to $64.58 per barrel. The euro slipped to $1.1280 from $1.1292. Toronto & GTA Sunshine Girls Sunshine Girls Tennis NFL
