The 30-year bond last fell 18/32 in price to yield 3.0327 per cent, from 3.005 per cent late on Wednesday. “It doesn’t move it to the back-burner, but it allows you to look around and trade other things and that gives room for rates to rise just a little bit from their sort of cramped or compressed levels,” he said.īenchmark 10-year Treasury notes last fell 10/32 in price to yield 2.8266 per cent, from 2.79 percent late on Wednesday. “There is less immediate concern about military strikes or action in Syria,” said Jim Vogel, interest rates strategist at FTN Financial in Memphis. The higher risk appetite as geopolitical tensions eased boosted U.S. MSCI’s broadest index of Asia-Pacific shares outside Japan closed 0.31 per cent lower, while Japan’s Nikkei lost 0.12 pe rcent. The pan-European FTSEurofirst 300 index rose 0.67 per cent and MSCI’s gauge of stocks across the globe gained 0.40 per cent.Įmerging market stocks lost 0.05 per cent. jumped 28.7 per cent after it announced Thursday that it has signed an agreement with marijuana clinic operator National Access Cannabis to develop and operate a network of recreational pot stores. finished down 1.7 per cent, while Teck Resources Ltd. and 1.5-per-cent increase by Husky Energy Inc.
The telecom services company beat second-quarter profit expectations as wireless subscribers more than doubled from a year ago.Įnergy stocks rose 0.5 per cent, including a 2.2-per-cent rise from Imperial Oil Ltd. Shaw Communications provided the biggest boost to the index with a 9.8-per-cent rise. Of the index’s 10 main groups, seven were in positive territory. The Toronto Stock Exchange’s S&P/TSX composite index unofficially closed up 11.37 points, or 0.07 per cent, at 15,269.27. The Dow Jones Industrial Average rose 293.29 points, or 1.21 per cent, to 24,482.74, the S&P 500 gained 21.82 points, or 0.83 per cent, to 2,664.01 and the Nasdaq Composite added 71.22 points, or 1.01 per cent, to 7,140.25.Ĭanada’s main stock index closed slightly higher on Thursday as higher commodity prices, due to geopolitical concerns, boosted the shares of energy and materials companies.
“Investors are looking for earnings to be the market’s savior and to help reduce some of this volatility that we’ve seen,” said Michael Arone, chief investment strategist at State Street Global Advisors in Boston. Its shares were up 1.4 per cent.Īnalysts expect quarterly profit for all S&P 500 companies to rise 18.4 per cent from a year ago, the biggest gain in seven years, according to Thomson Reuters I/B/E/S. Investors turned their focus to corporate earnings as BlackRock, the world’s largest asset manager, reported quarterly profit above Wall Street estimates. Trump wrote on Thursday that an attack on Syria “could be very soon or not so soon at all.” Trump reworded his Wednesday threat that missiles “will be coming” while taunting Russia for supporting Syrian President Bashar al-Assad. The risk of clashes between Western powers and Russia in Syria over an alleged chemical attack eased somewhat as Mr. President Donald Trump cast doubt over the timing of his threatened strike on Syria. Wall Street led stocks higher globally on Thursday, more than offsetting declines in Asia, as an expected strong earnings season took front seat after U.S.