Wall Street climbed on Friday as investors reacted positively to President Trump’s remarks easing fears of further trade escalation with China, while regional bank stocks rebounded following Thursday’s steep losses. The S&P 500 and the Nasdaq each gained 0.5%, while Dow Jones rose 239 points. Trump said his proposed 100% tariffs on Chinese goods would not be sustainable, though he blamed Beijing for recent trade tensions, and confirmed that his meeting with Chinese President Xi Jinping was still likely by month-end. Regional banks, including Zions Bancorporation, Western Alliance, Truist Financial, and Fifth Third Bancorp, recovered after reporting isolated credit issues and posting better-than-expected earnings, easing concerns about broader credit risks. Investor sentiment was further supported by a drop in the CBOE Volatility Index, signaling reduced market fear, and rising Treasury yields. On the week, the S&P 500 and Dow added 1.7% and the Nasdaq booked a 2.2% rise.

Stocks Rise as Trade Concerns Ease

The S&P/TSX Composite fell 1.2% to close at 30,109 on Friday, trimming weekly gains but leaving the index still up 0.9% as major miners plunged while investors parsed remarks from the Bank of Canada governor and the prime minister. BoC Governor Tiff Macklem said growth remains “soft” and warned that broader spillovers from President Trump’s tariff policies could exacerbate weakness. Canada’s GDP contracted 1.6% annualized in Q2, driven by a steep drop in exports. Meanwhile Prime Minister Mark Carney downplayed calls to retaliate against US tariffs, saying the two countries remain in deep talks on key sectors. Losses were broad based across all nine sectors, with Agnico Eagle, Wheaton Precious, Barrick and Franco-Nevada sliding about 5.6%–8.1% as bullion surrendered record highs after investor fears of escalating US-China trade tensions eased after President Trump called a proposed 100% tariff "unsustainable," signalling a potential thaw ahead of his meeting with President Xi Jinping.

TSX Ends Lower, Week Still Positive

Soybean futures rose for a third consecutive day to above $10.2 per bushel on Friday, supported by strong domestic demand and signs that trade negotiations with China, the top soy buyer, were back on track after last week’s tensions. Sluggish farmer sales of newly harvested soybeans also underpinned prices, as many producers were reluctant to sell at current levels to avoid losses. Historically high crush rates by US processors helped ease concerns about weak demand for exports to China. Global grain merchant ADM is offering incentives to encourage deliveries to a major processing facility this month, providing additional support to the market. Despite expectations of a bumper US soybean crop, reports of localized shortfalls have cast some doubt on government yield estimates. The market remains cautious amid the US government shutdown, which has delayed updates on harvesting progress and yield data.

Soybeans Prices Strengthen on Trade Progress

Brent crude oil futures added 0.4% to settle bear a five-month low below $61.3 per barrel on Friday, marking a third consecutive weekly decline and a near 3% weekly loss amid rising oversupply concerns and ongoing geopolitical uncertainty. The market was shaped by news that Presidents Trump and Putin plan to meet within two weeks to discuss the war in Ukraine, following a temporary cease-fire in Gaza between Israel and Hamas. President Zelenskyy also met with Trump to seek additional military support, including long-range Tomahawk missiles, while Washington pressed India and China to limit Russian oil imports. Oversupply worries remained prominent, with the International Energy Agency projecting a growing global crude glut in 2026 and US inventories rising sharply last week. US production reached a record 13.636 million bpd, and traders reported surging bids for storage at key hubs, signaling expectations of continued oversupply.

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最新ニュース

Stocks Rise as Trade Concerns Ease

TSX Ends Lower, Week Still Positive

Soybeans Prices Strengthen on Trade Progress

Brent Settles Higher, But Marks 3rd Weekly Loss