- Fucked Finance
- Posts
- Monday Market Open
Monday Market Open
Good morning chaps,
It’s looking like it’s gonna be a quiet week of earnings. However, the looming tariffs and unpredictable nature of Trump mean no week is the same in the markets.
So stay locked in and have a blessed one…
Market Indices & Commodities
| Gold | $2,905.11 | -0.27% |
| Copper | $4.64 | -0.81% |
| Silver | $32.53 | -0.15% |
| NASDAQ | $18,196.22 | +0.70% |
| S&P 500 | $5,770.20 | +0.55% |
| TSX | $24,758.76 | +0.71% |
| CSE Comp | $126.72 | -0.12% |
News
The Recap
In case you didn’t manage to catch what went down over the weekend…
Mark Carney to replace Justin Trudeau as Canada’s prime minister 🍁
Trump dodges recession questions as trade war implications damage markets 📉
Heavy rain and flooding batter east coast of Australia ⛈️
2 UK diplomats expelled from Russia as the relationship between UK and Russia deteriorates 🕵️♂️
German airspace ‘largely shut’ after surprise strike at major airports 🛫
Graph of the Day
Could EU Defense Spending Do More Than Just Improve International Security?
News
This week
No real big hitters this week when it comes to earnings.
Monday - Oracle ($ORCL) and Biontech ($BNTX) earnings.
Tuesday - Viking ($VIK), Finance of America ($FOA) and Kohl’s ($KSS) earnings.
Wednesday - Adobe ($ADBE), UiPath ($PATH) and Zim ($ZIM) earnings. Consumer Price Index (CPI) data for February released. Canadian interest rate decision too.
Thursday - DocuSign ($DOCU) earnings. Producer Price Index (PPI) for February released.
Friday - No relevant earnings.
Now You Know
Mark Careny: New Canadian Prime Minister
Who is Mark Careny?
Canada’s ruling Liberal party has chose Mark Careny as its new leader (and therefore the country’s prime minister).
Careny decisively won the contest to replace Trudeau who stepped down in January. Specifically, he won with about 131,000 votes, 86% ahead of Trudeau’s former finance minister Chrystia Freeland with 11,000 votes.
So who is Careny?
Careny went to Harvard and did his postgrad at Oxford University. He would then work for 13 years at Goldman Sachs before becoming Governor of the Bank of Canada from 2008-2013. He then became the Governor of the Bank of England from 2013-2020.
As such, he does not have lots of political experience, but is placing a lot of focus on Canada’s economy.
What are his policies?
It is well known that Careny hates Trump. He has vowed to be tough on America and said he will impose retaliatory tariffs on the US “until the Americans show us respect”.
He will call an election soon after he becomes sworn in. Polls show the Liberal Party has reduced the Conservatives’ lead ahead of this years election, which is largely thanks to the Liberals’ tough stance on the US and tariffs.
Thank You
That’s all Folks
Hey, thank you for checking out Monday Market Open. I hope you enjoyed it, learned something new, and are feeling ready to attack the week. Keep an eye on your inbox for more Alpha coming your way this week.
Cheers,
What did you think of today's newsletter?Your feedback helps us to keep sending alpha to your inbox... |