Market Briefing: Markets Tiptoe Into October
With traders and investors suffering from a kind of post-traumatic stress syndrome after a brutal September, markets are cautiously edging higher this morning. North American equity indices are pointing to a stronger open, commodity benchmarks are finding their feet, and economically-sensitive currencies like the Canadian dollar are climbing back from Friday’s selloff. The dollar is slightly softer, but remains strong after the Federal Reserve’s favoured inflation measure showed no evidence of deceleration. According to data released on Friday, the core personal consumption expenditures deflator climbed 0.6 percent in August, suggesting that underlying price pressures continue to grow even as gasoline...