2023-10-20 22:39:22
Published at 08:57, updated at 09:39
(Illustration: Camille Charbonneau)
THE ESSENTIAL NEWS
• Latent tensions between India and Canada do not jeopardize trade and investments. India is not considering imposing measures to curb imports or investments from Canada, despite simmering diplomatic tensions between the two countries, two government sources in New Delhi said.
• Elon Musk’s Platform X will soon launch premium subscriptions. Elon Musk said social media platform X, formerly Twitter, will soon launch two new tiers of premium subscriptions.
• SLB’s earnings beat forecasts on strong global drilling activity. SLB’s quarterly profit beat estimates as strong offshore and overseas drilling activities boosted demand for its equipment.
• AmEx’s third-quarter profit beats estimates thanks to spending by its wealthy clients. The credit card giant American Express published a quarterly profit above expectations, thanks to the good performance of spending by its wealthy customers, unaffected by fears of an economic slowdown.
• Toyota will adopt the Tesla EV charging standard from 2025. Japan’s Toyota Motor, the world’s largest automaker by sales, said on Thursday it had signed an agreement to adopt Tesla’s electric vehicle charging technology from 2025.
TRENDS BEFORE OPENING
THE futures of the main Canadian stock index have moved lower, in the wake of the futures contracts of Wall Street, as the yield on 10-year government bonds jumped following the strict tone set by Federal Reserve Chairman Jerome Powell. THE European stocks fell and were on track to post their biggest weekly loss in three months as disappointing earnings reports pushed investors into risk aversion. THE Nikkei Japanese ended in the red, following declines on Wall Street. THE oil price have increased due to heightened fears that the escalating regional conflict in the Middle East might disrupt supplies. THE gold price reached a new peak in three months, as investors sought safe havens. THE American dollar was moderate compared to its main counterparts.
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