Nothing seems to be able to stop stock markets with most of the international indices ending their session up once again. The U.S stock market continues to trade at levels never seen before. The publication of very encouraging international manufacturing indices, particularly in Europe, has allowed the optimistic trend to continue. These data revealing a certain expansion of international manufacturing activity have been beneficial for several commodities, including oil (“WTI”), which closed at its highest level since July 2015. The U.S. dollar also closed the session higher.
In a context characterized by a marked trend, reversals can happen very quickly. It would therefore be a wise decision to implement hedging to limit exposure to extreme movements. Do not hesitate to call us to discuss it.
Today, we’re expecting the minutes of the most recent meeting of the Federal Reserve. Markets will be paying particular attention to the comments related to U.S. monetary policies and the outlook for inflation. In Canada, we’ll be keeping an eye on retail sales.
