Metals
Gold$4,614.96+1.57%|
Silver$73.39+2.90%|
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Platinum$1,940.38+3.24%|
Copper$5.99+1.10%|
Nickel$15,229.00+0.00%|
Zinc$3,341.73+1.08%|
Aluminum$3,479.30+0.01%|
Gold$4,614.96+1.57%|
Silver$73.39+2.90%|
Palladium$1,469.47+1.63%|
Platinum$1,940.38+3.24%|
Copper$5.99+1.10%|
Nickel$15,229.00+0.00%|
Zinc$3,341.73+1.08%|
Aluminum$3,479.30+0.01%|
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Daily Newsletter

Daily Newsletter

Daily Newsletter
29 April 20265 Mins read

PRE-OPEN Canadian markets are flat ahead of interest rate decisions from the Bank of Canada and the U.S. Federal Reserve, with markets squarely focused on the outlook from policymakers navigating the ongoing war in the Middle East. The key policy rate is expected to remain unchanged at 2.25%. Meanwhile, U.S. stock index futures inched higher.

Canada

 

 

 

 

 

 

 

 

Canada's fiscal update is likely to show the budget deficit improved and revenues rose in the last fiscal year but gains from higher oil prices were largely offset by weak consumer spending and new spending measures, economists said.

Canada and Alberta are expected to strike a deal in the next two weeks that will increase the price on carbon for the province's industrial emitters, two sources with knowledge of the talks said, but a broader agreement to tackle oil sands greenhouse gases and green-light a new crude oil export pipeline remains elusive.

Singapore's state-owned investor Temasek and the Canada Pension Plan Investment Board are among 20 investors looking to sell down stakes when India's National Stock Exchange goes public this year, sources familiar with the deal said.


 

The Bank of Canada is expected to keep its benchmark interest rate at 2.25% on Wednesday and update its inflation and growth forecasts after the oil price shock, economists said.


 

Adyton Resources Corporation (TSXV: ADY) announce that its common shares began trading on the OTCQB Venture Market (the "OTCQB") in the United States under the symbol 'ADYRF'. The Company's common shares will continue to trade on the TSX Venture Exchange (the "Exchange") under the symbol 'ADY'.

The OTCQB is one of the world's largest and most liquid trading markets, providing access to a wide base of investors across the U.S. The listing marks an important step in expanding the Company's visibility and strengthening its presence in the U.S. market.

Mr. Tim Crossley, CEO and Managing Director of Adyton, commented, "We are pleased to commence trading on the OTCQB, marking an important milestone in the Company's growth and visibility in the U.S. capital markets. This listing enhances our accessibility to a broader base of investors and reflects our ongoing commitment to transparency and shareholder value. As we continue to advance our strategic objectives, we believe this step will support increased liquidity and strengthen our position as we execute on our development plans."

Information relating to Adyton, including real-time price quotes, is available at www.otcmarkets.com. The OTCQB, operated by OTC Markets Group Inc., is a leading marketplace for entrepreneurial and development-stage companies committed to delivering a high-quality trading and information experience for U.S. investors. To qualify, companies must remain current with their financial reporting and complete an annual company verification and management certification process. The OTCQB's standards establish a strong foundation of transparency, supported by robust technology and regulatory oversight to enhance the overall investor experience.

Adyton Resources Engages Independent Trading Group ("ITG") as a Market Maker

In accordance with TSX Venture Exchange ("TSXV") policies, the Company announces that, subject to regulatory approval, it has engaged the services of ITG to provide market-making services. ITG will trade shares of the Company on the TSXV and all other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the Company's common shares.

Under the agreement, ITG will receive compensation of CAD$5,500 per month (plus applicable taxes), payable monthly in advance. The agreement is for an initial term of one month commencing on April 28, 2026 and will renew for additional one-month terms unless terminated. The agreement may be terminated by either party with 30 days' notice. There are no performance factors contained in the agreement and ITG will not receive shares or options as compensation. ITG and the Company are unrelated and unaffiliated entities and at the time of the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the Company. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294863



 

Allied Gold Corporation (TSX: AAUC) (NYSE: AAUC) confirms the normal course conduct of business at its operating mines in Mali and Côte d’Ivoire and its development project in Ethiopia including operations at the Sadiola Gold Mine which is located in the Kayes Region in western Mali and at which the first phase expansion has recently been completed. The Company’s mines continue to operate normally with production and other site activities proceeding in line with expectations. Development of Kurmuk in Ethiopia continues as planned with commencement of production expected in the third quarter this year. Exploration efforts across the Company’s portfolio of assets also continue to deliver positive results which corroborate the Company’s view that mine lives across all mines and projects will increase.

Allied Gold also provides an update regarding its previously announced transaction (the “Arrangement”) with Zijin Gold International Company Limited (“Zijin Gold”) pursuant to an arrangement agreement between the Company and Zijin Gold dated January 26, 2026. The Company and Zijin Gold are in continuous dialogue planning for an orderly transition on completion of the Arrangement. Both companies continue to diligently and cooperatively advance the customary regulatory approvals necessary to complete the Arrangement, with the objective of closing in a timely manner within the timeframe set out in the Arrangement Agreement. The arrangement agreement provides for an outside date for closing of May 29, 2026 subject to extension in certain circumstances.


 

Amerigo Resources Ltd. (TSX: ARG) (OTCQX: ARREF) announce strong financial results for the three months ended March 31, 2026 ("Q1-2026"). Dollar amounts in this news release are in U.S. dollars unless indicated otherwise.

Amerigo's Q1-2026 financial results included net income of $14.7 million, basic earnings per share ("EPS") of $0.09, EBITDA of $32.8 million, operating cash flow from operations before changes in non-cash working capital of $20.2 million and free cash flow of $14.5 million.

"We are pleased to report strong operational and financial performance during the first quarter of 2026, in addition to performing scheduled annual maintenance. As reported in our April 13, 2026, news release, Amerigo's operation, Minera Valle Central ("MVC"), completed its annual 10-day maintenance shutdown in Q1-2026, making this the lowest expected production quarter of 2026. However, a perfect trifecta during the first quarter of stronger-than-expected copper production, lower-than-guided cash cost, and the strongest London Metal Exchange ("LME") copper prices on record contributed to Amerigo's robust net income, EBITDA and free cash flow results," said Aurora Davidson, Amerigo's President and CEO.

"Our financial performance and cash generation in Q1-2026 were driven by operating excellence at MVC and the stability of our long-term contractual framework. The continued resilience of this combination enabled the Board's April 13, 2026 decision to declare a substantial Cdn$0.16 per share performance dividend3. The size of this performance dividend, equivalent to four quarterly dividends, is consistent with Amerigo's Capital Return Strategy ("CRS") while maintaining a strong cash balance. This performance dividend reflects the strength and predictability of our business and our ability to allocate capital prudently, independent of short-term macroeconomic volatility."


 

Cerro de Pasco Resources Inc. (TSXV: CDPR) (OTCQX: CDPMF) announce that it has qualified to upgrade from the OTCQB Venture Market to the OTCQX Best Market (the "OTCQX Market" or "OTCQX"). The Company will commence trading today on OTCQX under the symbol " CDPMF ".

“Graduating to the OTCQX Best Market enhances our visibility among U.S. investors and broadens our access to institutional capital” said Guy Goulet, CEO of Cerro de Pasco Resources. “This step is consistent with our strategy to strengthen our presence in the global capital markets as we advance the development of our flagship asset in Peru.”


 

Cosigo Resources Ltd. (TSXV: CSG) (OTCQB: COSRF) announced the appointment of its CFO effective April 28, 2026.

The Company is pleased to announce the appointment of Stephen Pearce of Vancouver, BC as CFO effective April 28, 2026. Stephen Pearce has a law degree from the University of British Columbia and an honours degree in economics from York University with an emphasis on corporate finance. He focuses on corporate and securities work. Mr. Pearce serves as a director and CFO of Sitka Gold Corp. and Golden Goliath Resources Ltd. and has been involved with several small underground mining operations including brief periods acting as Mine Manager.


 

Dynamite Blockchain Corp. (CSE: KAS) (OTC: CRYBF) announce that it will now be in a position to deploy AI-driven authentication technology to enable secure self-custody without traditional private key management, to its flagship non-custodial digital asset wallet product. The Company refers to this AI Driven Technology as the Dynamite Proof of Identity Engine and is powered by two verifiable properties: Proof of Personhood and Proof of Uniqueness.

AI-Driven Identity: A New Model for Blockchain Access

One of the most persistent friction points in digital assets is identity verification at the point of wallet access. Current systems rely on static credentials that can be lost, stolen, or compromised, particularly as much of this information is stored in centralized cloud environments, making it inherently vulnerable to cyberattacks.

Even though blockchain technology has matured significantly over the past decade, the user experience surrounding wallet security and identity verification remains complex and intimidating for most users.

Managing seed phrases, safeguarding private keys, and understanding cryptographic custody models are tasks that require a level of technical literacy that many potential users simply do not have.


 

Ecora (LSE:ECOR)(TSX:ECOR)(OTCQX:ECRAF) issues the following trading update for the period 1 January to 31 March 2026.

Marc Bishop Lafleche, Chief Executive Officer of Ecora, commented:

"Q1 was a solid start to the year with total portfolio contribution up 105% v Q1 2025, primarily driven by the continued performance of the base metals portfolio which was up 152% v Q1 2025. Voisey's Bay production continued to ramp-up towards full capacity during Q1, although some of these volumes missed the quarter end due to shipping timelines. With 98 tonnes of cobalt set to be received in April, compared to 70 tonnes received in the entirety of Q1, and a resilient commodity price environment benefiting our wider portfolio, we are well positioned to deliver a strong Q2.”


 

First Atlantic Nickel & Cobalt Corp. (TSXV: FAN | OTCQB: FANCF | FSE: P21) announce the appointment of Dr. Douglas Wicks as a Strategic Advisorto the Company. Dr. Wicks is a globally recognized expert in critical minerals processing and geologic (natural) hydrogen, with more than 25 years of senior leadership experience across the United States government, industrial minerals, advanced materials, and academic research.

From 2019 to 2025, Dr. Wicks served as a Program Director at the U.S. Department of Energy's Advanced Research Projects Agency-Energy ("ARPA-E"), where he led two programs directly relevant to First Atlantic’s Pipestone XL Nickel-Cobalt Alloy Project. These included ARPA-E’s MINER program (Mining Innovations for Negative Emissions Resource Recovery), which funded research to increase domestic supplies of critical minerals, including nickel, cobalt, copper, lithium and rare earth elements, while reducing the energy intensity and emissions of mineral extraction, and ARPA-E’s geologic hydrogen portfolio, which funded research into naturally generated and stimulated hydrogen from ultramafic rocks.


 

GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) announce that it has closed the final tranche of its non-brokered flow-through financing (the “Flow-Through Offering”), bringing total gross proceeds to over $2,000,000.

FLOW-THROUGH FINANCING

In connection with the closing of the final tranche, the Company issued an additional 1,207,700 flow-through shares at a price of $0.265 per share, for gross proceeds of $320,040.

In total, the Company has issued 7,690,117 flow-through shares under the Flow-Through Offering at a price of $0.265 per share, for aggregate gross proceeds of $2,037,881, representing an oversubscribed financing exceeding $2,000,000.


 

Gold Runner Exploration Inc. (CSE: GRUN, Frankfurt: CE70) announce that it has elected to rely on Coordinated Blanket Order 51-933 - Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers ("Blanket Order") move to semi-annual financial reporting ("SAR").

SAR's allows eligible venture issuers listed to voluntarily move from a quarterly to a semi-annual financial reporting framework. The Company's fiscal year ends on November 30. Under the SAR pilot program, the Company will be exempt from filing interim financial reports and related Management's Discussion & Analysis (MD&A) for its first and third quarters.

Interim Period: The Company will not file an interim report for the first quarter (Q1) ending February 28 and the third quarter (Q3) ending August 31; and

Ongoing Reporting: The Company will continue to file audited financial statements (due within 120 days of year-end) and six-month interim financial reports (due within 60 days of May 30).

The Company confirms it meets the SAR pilot program's eligibility criteria, which include being a venture issuer with annual revenues of less than $10 million, maintaining a 12-month continuous disclosure record, and having filed all required periodic and timely continuous disclosure documents. This news release is being pursuant to the Blanket Order and the Company remains committed to timely and transparent disclosure and will continue to report all material changes and significant developments as required under National Instrument 51-102 - Continuous Disclosure Obligations.


 

Guanajuato Silver Company Ltd. (TSXV: GSVR)(OTCQX:GSVRF)  announce financial information and production results for the three and twelve months ended December 31, 2025. The Company's consolidated financial statements for the year ended December 31, 2025, and Management's Discussion and Analysis ("MD&A") thereon can be viewed under the Company's profile at www.sedarplus.ca. All dollar amounts are in US dollars (US$) and prepared in accordance with IFRS Accounting Standards ("IFRS") as issued by the International Accounting Standards Board. Production results are from the Company's wholly owned El Cubo Mines Complex ("El Cubo"), Valenciana Mines Complex ("VMC"), and the San Ignacio Mine ("San Ignacio") located in Guanajuato, Mexico, and the Topia Mine ("Topia") located in Durango, Mexico.

James Anderson, CEO & Chairman, said, "The fourth quarter saw notable production increases across all metals produced; output for silver, gold, zinc and lead were all higher, reflecting the impact of improving mine development and better operational discipline. For Q4 2025, revenue was up by 40%, and mine operating cashflow before taxes* was up over 1800% vs the previous quarter; this highlights the advantageous position we have built as a producer of silver and gold during a rising market for precious metals. We are currently working to fully integrate our newly acquired Bolanitos gold-silver mine into our operations; having closed the Bolanitos acquisition on January 15th, 2026, we eagerly look forward to the public release of our Q1 financial results, projected within the next 30 days; this will be the first time investors will be able to see the impact of production from Bolanitos combined with this new silver and gold pricing environment.” View the original press release on ACCESS Newswire


 

Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) announce the commencement of a comprehensive geochemical campaign and detailed geological mapping as part of its Phase 1 2026 Exploration Program (the "Program") at the Company's Corral Copper Property ("Corral" or the "Property") in Cochise County, Arizona, as previously outlined in its April 21, 2026 news release. The current campaign will focus on refining the geological framework to better prioritize areas for a substantial drill program later this year The drill program is expected to comprise a combination of deeper holes targeting porphyry mineralization and shallower drilling designed to delineate additional zones of CRD mineralization identified in previous exploration campaigns.

The Company also reports that over 98% of the holders of the warrants issued in connection with the Company's January 2024 non-brokered private placements elected to exercise their warrants. In addition to the 9,499,999 warrants exercised for proceeds of approximately C$4.27 million ("M"), as announced on April 7, 2026, an additional 9,577,647 warrants that were set to expire on April 24, 2026, have been exercised for additional proceeds of approximately C$4.31M. An additional 359,749 warrants issued in other financings have also been exercised so far in 2026. Since December 2025, the Company has raised gross proceeds of over C$19.1 million from financings and warrant exercises. This strengthened treasury provides Intrepid with the financial flexibility to advance its planned exploration and development activities at the Company's Corral Copper Project ("Corral") in Arizona's Copper Belt.

"We're excited to be back in the field at Corral with a clear plan to generate high-quality drill targets," said Matt Lennox-King, Intrepid Chairman and Interim CEO. "This mapping and geochemical campaign is focused on refining our geological model and prioritizing targets as we advance toward a significant drill program later this year. We are also very encouraged by the level of warrant participation, which reflects strong shareholder support and has strengthened our treasury. With the April warrant expiry now complete and the vast majority exercised, we've cleared a meaningful overhang and are well positioned, both technically and financially, to execute on our plans through the rest of 2026.” To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294749


 

Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) announce that the Company is electing to accelerate the expiry of outstanding common share purchase warrants (the "Warrants") issued on September 1, 2023, pursuant to the Company's non-brokered private placement.

Pursuant to the terms of the Warrants, the Company may accelerate the Warrants if the daily volume weighted average trading price (or closing bid price on days when there are no trades) of the common shares of the Company (the "Common Shares") on the TSX Venture Exchange ("TSXV") is at least $0.24 per Common Share for a minimum of 20 consecutive trading days at any time after September 1, 2024 (the "Acceleration Period"). The Company hereby provides notice (the "Acceleration Notice") of the Acceleration Period covering the twenty (20) consecutive trading days ended April 27, 2026, and that the Company is exercising its right to accelerate the expiry of the Warrants to 5:00 p.m. (Toronto Time) on May 18, 2026 (the "Accelerated Expiry Date"). Any Warrants remaining unexercised after the Accelerated Expiry Date will expire and be of no force and effect.

Holders may exercise the Warrants before 5:00 p.m. (Toronto time) on May 18, 2026 by surrendering to the Company c/o TSX Trust Company, 301-100 Adelaide Street West, Toronto, Ontario M5H 2H1: (i) the original Warrant certificate with a duly completed and executed exercise form in the form attached to the Warrant certificate; and (ii) a certified cheque, bank draft or money order in lawful money of Canada payable to or to the order of Lahontan Gold Corp. in an amount equal to the purchase price of the number of shares subscribed for.


 

McFarlane Lake Mining Limited (CSE: MLM, OTC: MLMLF, FRA: W2Z) provide an update of ongoing exploration activities and development plans on its 100%-owned Juby Gold Project, located west of Gowganda, Ontario, within the southern part of the “Abitibi Greenstone Belt

Based on continued success from the Company’s ongoing drill program, McFarlane is initiating an update to its Mineral Resource Estimate (“MRE”) to produce a National Instrument (NI) 43-101 compliant resource and accompanying technical report. Recent drilling has delivered consistent mineralization across multiple target areas, supporting the Company’s internal assessment that the property has the potential to significantly increase its current resources (see “About McFarlane Lake Mining” below).

The updated MRE is expected in June 2026 and will incorporate results from the current drill campaign, including expansion drilling at Golden Lake and step-outs targeting the previously underexplored 826 Zone. The Company believes these efforts will enhance both the scale and continuity of mineralization at the Juby Gold Project.


 

Neotech Metals Corp. (CSE: NTMC) (OTCQB: NTMFF) (FSE: V690) announce that it has entered into an agreement with Kenorland Minerals Ltd. ("Kenorland") to acquire a 100% interest in the Torrance Project (the "Project"), located approximately 70 kilometres from the Company's flagship Hecla-Kilmer ("H/K") Project in Ontario, Canada.

Torrance Project Highlights

The Torrance Project is located in northern Ontario and benefits from excellent infrastructure, including year-round road access and proximity to established power networks. Existing forestry roads and previously disturbed areas are expected to support cost-effective exploration activities with minimal environmental impact.

The Project comprises 580 mining claims covering approximately 12,270 hectares and is prospective for alkaline carbonatite-hosted niobium-tantalum-rare earth element ("Nb-Ta-REE") mineralization. The property exhibits distinct ring-shaped magnetic features comparable to known alkaline-carbonatite complexes along the Kapuskasing Structural Zone ("KSZ"), including the Lackner Lake, Nemegosenda Lake, and Hecla-Kilmer complexes. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294797


 

Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) announce its financial and operating results for the three- and twelve-month period ended December 31, 2025. Selected financial and operational information is set out below and should be read in conjunction with the Company's December 31, 2025 financial statements and the related management's discussion and analysis, which are available for review at www.sedarplus.ca or the Company's website at www.northstarcleantech.com.

"We view 2025 as a significant transitional year for Northstar, as we constructed and commissioned our first commercial facility, Empower Calgary," said Aidan Mills, President & CEO of Northstar. "This included the first production of liquid asphalt from post-consumer and manufactured waste shingles, achieving our first throughput milestone of 80 tpd, and the first sale of liquid asphalt to McAsphalt, an important step toward regular revenue generation. As expected of a first-of-its-kind commercial facility, this transition wasn't without challenges, but the strength of the team and underlying technology allowed us to meet these head on, and these learnings are directly informing our path toward stable, long-term production.”


 

Québec Innovative Materials Corp. (CSE: QIMC) (OTCQB: QIMCF) (FSE: 7FJ) report initial results from Hole 3 (DDH-26-03) of its 2026 diamond drilling program at the West Advocate natural hydrogen project in Nova Scotia. Drilling has intersected multiple structurally controlled zones, including a significant fault breccia system, with elevated hydrogen concentrations detected in association with these intervals. These results extend the Company's understanding of the structural framework hosting hydrogen mineralization and support an emerging interpretation of a laterally continuous system across the project area. Drilling is ongoing, with the principal structural zones remaining open at depth.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294861


 

Westgate Energy Inc.  (TSXV: WGT), announce that it has completed the previously announced warrant exercise incentive program (the "Incentive Program") in relation to the 16,241,267 outstanding common share purchase warrants (the "Eligible Warrants") issued in connection with a best-efforts offering that closed on April 2, 2025, raising aggregate gross proceeds of $2,120,256 through the exercise of 8,834,400 Eligible Warrants. For more information, please visit www.westgateenergy.ca.


 

West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) announce step-out drill results from the high-grade Northeast (“NE”) Tyro Zone at its flagship Gold Chain Project in Arizona. Grades continue to remain strong as evidenced in hole GC26-140, where an 18.3 metre (“m”) interval grading 6.05 grams per tonne (“g/t”) gold (“Au”) was returned. Holes reported herein represent step-outs of up to 140m to the northeast of previously reported results. High-grade mineralization intersected has now increased the volume of mineralization by adding over 100m along strike and 100m to depth. The high-grade NE Tyro Zone has a strike extent of over 400m and projects to greater than 300m depth while still remaining open in all directions. To date, 17,536m of the ongoing drill program at the Gold Chain project has been completed. Results are pending from the Tyro Main Zone, NE Tyro, Bull 8 and Black Dyke targets, representing 29 holes (5,424m).

The continued expansion of the high-grade zone at NE Tyro bodes well for the maiden resource. Additionally, as this zone expands towards the Frisco Graben, it increases the probability of the Frisco Graben hosting a gold deposit. It appears that the consistency of grade and structure, both along strike and at depth, suggests that we are unlikely to close off this zone with the planned maiden resource later this year. We continue to be on track to complete the ongoing 20,000m drill program at Gold Chain in Q2 this year and have results pending from multiple zones, including the depth extensions of Tyro and two step-out targets”, stated Derek Macpherson, President and CEO.


 

Xali Gold Corp. (TSXV: XGC) announce that it has completed more than 50% of the initial underground and surface rock chip sampling program (the “Program”) on its Pico Machay Gold Project (“Pico Machay” or the “Project”) in central Peru, with 125 initial samples now collected and submitted to the laboratory for geochemical and assay analyses.

“The underground sampling was conducted in the walls of two crosscuts through the centre of the resource, which allows continuous sampling similar to what a horizontal drill hole would allow,” stated Joanne Freeze, President and CEO of Xali Gold. “Surface sampling was conducted in channels cut in outcropping mineralized zones and was also continuous. This sampling is to verify historical grades, lithologies and alteration zones, as well as allow us to better understand the geometry and grade distribution of the mineralizing system and the historical resource. This Program builds on a series of recent milestones at Pico Machay, including community support, advancing permitting initiatives, and mobilizing in-country technical expertise. Together, these steps are part of a coordinated strategy to reduce risk while we build on a wealth of historical data, making Pico Machay a unique opportunity for an accelerated timeline for production expected to benefit from favourable market conditions.”  

 


ECONOMIC DATA
0945 BoC Rate Decision for 29 Apr : Expected 2.25%; Prior 2.25%

World Markets

 

Euro STOXX 50 futures were up 4 points at 5,800, FTSE futures lost 16.5 points to 10,325.5, German DAX futures gained 11 points to 24,177, by 0430 GMT.

Asian shares edged higher, as investors took a wait-and-see stance ahead of major corporate earnings and the U.S. Federal Reserve's policy meeting outcome.

Oil prices eased from a multi-day rally as investors digested the ramifications of the United Arab Emirates' surprise decision to quit OPEC, though supply disruptions from the stalemated Iran war support the market.

 

U.S. markets closed lower Tuesday, backing away from record closing highs as renewed concerns over the artificial intelligence boom weighed on technology stocks days before five of the sector's most high-profile companies were due to post quarterly results.

 

Australian shares fell for a seventh straight session, dragged down by banks and miners, as investors awaited a key inflation report that could seal the case for further rate tightening.

 

The dollar firmed as investors awaited a closely watched Federal Reserve rate decision in what was likely to be Chair Jerome Powell's swan song, with war in the Middle East raging and hopes for an imminent resolution dimming.

 

U.S. Treasury yields rose in tandem with higher oil prices on Tuesday, hitting a three-week high, as mounting doubts over a near-term resolution to the U.S.-Israeli war with Iran stoked concerns about the feed-through to prices from prolonged energy disruptions.

 

Gold was largely steady as investors awaited U.S. Federal Reserve Chair Jerome Powell's comments to assess the Iran war's impact on the economy amid stalled peace talks.

S&P 500 Index Mini Futures: 7,187.00; up 0.22%; 16 points
DJIA Mini Futures: 49,389.00; up 0.19%; 92 points
MSCI Asia, Ex-JP: 832.03; up 0.32%; 2.62 points
EUR/USD: $1.1706; down 0.05%; 0.0006 point
GBP/USD: $1.3514; down 0.03%; 0.0004 point
USD/JPY: 159.63 yen; up 0.01%; 0.01 point
Spot Gold: $4,602.27; up 0.17%; $7.76
U.S. Crude: $99.37; down 0.56%; $0.56
Brent Crude: $111.25; down 0.01%; $0.01
10-Yr U.S. Treasury Yield: 4.3475%; down 0.006 point
10-Yr Bund Yield: 3.0710%; up 0.01 point

 
 
 
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The Federal Reserve is expected to hold interest rates steady on Wednesday as officials debate whether to flag risks of rising inflation in a policy statement issued after what may be Jerome Powell's final meeting as head of the U.S. central bank.

U.S. futures inched higher in a cautious start to a day packed with several Big Tech earnings reports and a Federal Reserve meeting expected to be Chair Jerome Powell's last. After markets close, investors will await earnings releases from Amazon, Alphabet, Meta and Microsoft.

Berkshire Hathaway Inc: Duracell, the battery maker owned by Berkshire Hathaway, must face a lawsuit accusing it of stealing trade secrets related to German chemical company BASF's lithium-ion battery technology. U.S. District Judge Gregory Williams on Tuesday rejected Duracell's bid to dismiss the April 2025 lawsuit related to BASF's years-long effort to manufacture lower-cost materials for high-powered batteries. The Delaware judge's decision is under seal, pending redactions proposed by both companies. Lawyers for Duracell and BASF did not immediately respond to requests for comment.

Biogen Inc: The company cut its full-year profit forecast as it booked acquisition-related charges, although its first-quarter earnings beat expectations on better-than-estimated sales of its Alzheimer's and newer rare-disease treatments. Biogen is leaning on newer drugs and promising candidates in its immunology and rare-disease pipeline, along with strict cost discipline, to revive growth as revenue from its legacy multiple sclerosis treatments continue to fade. It strengthened its portfolio last month with the $5.6 billion buyout of Apellis Pharmaceuticals, adding a promising kidney disease therapy. The company plans to incorporate the Apellis deal into its updated 2026 outlook, which will be announced with second-quarter earnings.

Chevron Corp: U.S. President Donald Trump and his top officials met with oil and gas executives including Chevron CEO Mike Wirth at the White House on Tuesday to discuss the energy fallout of the Iran war and other topics, Axios reported. White House chief of staff Susie Wiles, Treasury Secretary Scott Bessent, and envoys Steve Witkoff and Jared Kushner were present, and topics for the meeting included domestic production, progress in Venezuela, oil futures, natural gas and shipping, according to the Axios report.

Cognizant Technology Solutions Corp: The company has agreed to buy Astreya, an IT services and technology provider focused on AI infrastructure and data center services, in a deal valued at around $600 million, the company told Reuters. The deal is expected to strengthen Cognizant's AI infrastructure capabilities, as companies ramp up spending on the technology that is reshaping industries. The deal, expected to close in the second quarter of 2026 pending regulatory approvals, is likely to be announced on Wednesday. Cognizant has benefited from enterprise clients accelerating AI integration and automation as they migrate workloads to the cloud. The company has expanded partnerships with Microsoft and AI startup Anthropic to stay ahead of rivals in a highly competitive industry.

Edison International: The company beat expectations for first-quarter profit on Tuesday, as the utility benefited from higher electricity rates. U.S. power companies are seeking higher customer electricity rates, driven by surging demand from AI-focused data centers, increased domestic manufacturing and extreme weather events including wildfires. Southern California Edison, a subsidiary of Edison International, posted first-quarter core earnings of $1.65 per share, as it benefited from the adoption of its 2025 general rate case final decision. Regulated utilities, such as Southern California Edison, determine customer charges for services such as electricity, natural gas, private water and steam through rate case proceedings.

Expand Energy Corp: The U.S. natural gas producer beat Wall Street estimates for first-quarter profit on Tuesday and raised its capital spending and production outlook for 2026, citing stronger commodity prices and higher output. U.S. natural gas futures were up more than 8% on average in the January to March quarter from a year ago, lifted by a brief January surge in spot prices during Winter Storm Fern. Geopolitical tensions provided only limited additional support. Natural gas supply and demand reached record levels in 2025, according to the U.S. Energy Information Administration, which expects supply to notch another record this year. “The world critically needs natural gas supply to meet rapidly rising power demand, growing industrial activity, and global LNG expansion to address a global reset in energy security,” said Mike Wichterich, CEO of Expand Energy.

FirstEnergy Corp: The utility reported a 12.5% rise in first-quarter profit on Tuesday, lifted by higher electricity rates and growing demand from power-hungry data centers. U.S. electricity demand hit record levels in 2025 and is expected to accelerate further as large technology firms ramp up power usage at fast-growing data centers, with some individual sites using as much energy as an entire city. Households and businesses are also using more electricity as they shift away from fossil fuels for heating and transportation. Utilities are pushing to increase customer electricity rates in 2026 to help pay for infrastructure improvements, as power grids are strained by extreme weather and rising demand from electrification and expanding data centers.

KKR & Co Inc: Ireland's DCC said it was reviewing a cash takeover proposal from a consortium comprising U.S. investment firms Energy Capital Partners and KKR, sending its shares higher. Shares of the sales, marketing, and support services provider rose to 62.65 pounds on the news, giving it a market value of about 5.35 billion pounds ($7.22 billion), according to Reuters calculations. The stock hit its highest level since May 2022. DCC did not provide further details about the proposal. KKR and Energy Capital Partners did not immediately respond to Reuters request for comment.

Meta Platforms Inc: Facebook and Instagram were charged with breaching landmark EU tech rules and must do more to block children under 13 from accessing the social networks, EU regulators said. The charges or so-called preliminary findings under the Digital Services Act, which requires Big Tech to do more to tackle illegal and harmful content on their platforms, came after a two-year investigation by the European Commission. Meta, which said it disagreed with the preliminary findings, can respond to the charges and take measures before the Commission issues a final decision. DSA breaches can cost companies fines as much as 6% of their global annual turnover.

Robinhood Markets Inc: The company's shares plunged before the bell, as crypto-driven market volatility dampened its first-quarter trading volume growth, leading the trading platform to miss estimates for profit and revenue. Crypto markets have come under pressure this year, with bitcoin down more than 30% in the last six months, as a broad risk-off mood took hold, triggering waves of selling across digital assets and curbing retail trading activity. Robinhood's transaction-based revenue grew a modest 7% to $623 million in the first quarter, missing estimates of $728.2 million, according to data compiled by LSEG. Its cryptocurrency revenue came in at $134 million, down 47% from a year earlier. Analysts at Morningstar said lucrative cryptocurrency trading represented a "particular pressure point" in the January-March period, with weakness in crypto driving a "rough" quarter for the company.

Seagate Technology Holdings PLC: Shares of data-storage companies jumped in premarket trading, a day after strong revenue and profit forecasts from Seagate Technology signaled that spending by enterprises on artificial intelligence equipment will remain strong. Seagate's strong forecast and the surge in storage stocks underscore investor confidence that enterprise AI spending will sustain demand for data-storage equipment despite broader market concerns about the pace of AI adoption. Companies have funneled increasing amounts of money into data drives, hard disks and other digital storage as they rushed to upgrade their artificial intelligence models and infrastructure.

Starbucks Corp: The company’s shares rose before the bell after the coffee chain raised its annual forecast, signaling that Chief Executive Brian Niccol's turnaround plan was bearing fruit, helped by consumer demand and improved operations. Niccol, who took over in September 2024, steered the world's largest coffee chain with his "Back to Starbucks" strategy, focusing on simplified menus, shorter wait times and increased staffing, boosting customer satisfaction. Customer traffic increased across all income cohorts, Niccol said, with average visits per Starbucks location up 5.9% in the quarter, according to Placer.ai data. "The recovery is notable for its breadth, indicating the turnaround is structurally sound rather than dependent on a specific group," analysts at Stifel said.

T-Mobile US Inc: The company raised its forecast for annual postpaid net account additions on Tuesday, as competitive pricing and bundled streaming benefits help the U.S. wireless carrier attract customers in a saturated market. The company expects to add between 950,000 and 1.05 million postpaid accounts in 2026, up from 900,000 to 1 million previously. Accounts count billing relationships, not individual subscribers, meaning one family or business account can cover multiple lines or devices. T-Mobile's total revenue for the first quarter came in at $23.11 billion, compared with analysts' estimate of $22.97 billion, according to data compiled by LSEG.

Visa Inc: The company beat estimates for Wall Street profit on Tuesday as the world's largest payment processor benefited from a steady rise in payment volumes despite ongoing macroeconomic uncertainty, sending its shares up in extended trading. U.S. consumer spending rose more than expected in March as the U.S.-Israeli war with Iran boosted gasoline prices and receipts at service stations, while tax refunds supported spending elsewhere. Payments volume, a gauge of overall consumer and business spending on Visa's network, jumped 9% in the second quarter. Data processing revenue came in at $5.54 billion, up 18% from the year-ago period.

ECONOMIC DATA
0830 Durable goods for March: Expected 0.5%; Prior -1.3%
0830 Durables ex-transport for March: Expected 0.4%; Prior 0.9%
0830 Durables ex-defense MM for March: Prior -1.1%
0830 Nondefense cap ex-air for March: Expected 0.5%; Prior 0.7%
0830 Building permits: number for March: Expected 1.390 mln; Prior 1.386 mln
0830 Build permits: change MM for March: Prior -4.7%
0830 Housing starts number for March: Expected 1.400 mln; Prior 1.487 mln
0830 House starts MM: change for March: Prior 7.2%
0830 Advance goods trade balance for March: Expected -86.95 bln; Prior -98.53 bln
0830 Wholesale inventories advance for March: Prior 0.2%
0830 Retail inventories ex-auto advance for March: Prior 0.4%
1400 Fed funds target rate for 29 Apr: Expected 3.5%-3.7%; Prior 3.5%-3.7%
1400 Fed int on excess reserves for 29 Apr: Prior 3.65%

Europe / Asia

 


Efforts to end the Iran conflict were at an impasse on Tuesday with Trump unhappy with the latest proposal from Tehran, which he said had informed the U.S. it was in a "state of collapse" and figuring out its leadership situation.

Britain's King Charles told the U.S. Congress on Tuesday that despite an age of uncertainty and conflict in Europe and the Middle East, the UK and the U.S. will always be staunch allies united in defending democracy, at a time of deep divisions between the two long-time allies over the war with Iran.

The United Arab Emirates on Tuesday said it was quitting OPEC, dealing a blow to the oil producers' group as an unprecedented energy crisis caused by the Iran war exposes discord among Gulf nations.

Pernod Ricard and Brown-Forman have ended merger talks after the French spirits company and the Kentucky-based owner of Jack Daniel's whiskey failed to reach mutually acceptable terms, they said on Tuesday.

Europe's Airbus posted a first-quarter core profit that more than halved on Tuesday, well below market expectations, as the world's largest planemaker delivered fewer aircraft amid an engine supply crunch that is handing rival Boeing a chance to claw back ground.

French utility EDF has pushed back any decision on the sale of a stake in its Italian unit Edison as the war in Iran has disrupted liquefied natural gas supplies from Qatar that Edison imports, four people with knowledge of the matter said.

ECONOMIC DATA (GMT)
0800 Euro Zone Money-M3 Annual Growth for March: Expected 3.1%; Prior 3.0%
0900 Euro Zone Business Climate for April: Prior -0.27
0900 Euro Zone Consumer Confidence Final for April: Expected -20.6; Prior -20.6
0900 Euro Zone Economic Sentiment for April: Expected 95.2; Prior 96.6
0900 Euro Zone Industrial Sentiment for April: Expected -7.2; Prior -7.0
0900 Euro Zone Services Sentiment for April: Expected 3.5; Prior 4.9
1200 Germany CPI Prelim MM for April: Expected 0.7%; Prior 1.1%
1200 Germany CPI Prelim YY for April: Expected 3.0%; Prior 2.7%
1200 Germany HICP Prelim MM for April: Expected 0.8%; Prior 1.2%
1200 Germany HICP Prelim YY for April: Expected 3.1%; Prior 2.8%​

Source (but not limited to) AP, CNBC, Dow Jones, Financial Post, Financial Times, Globe & Mail, KITCO, LSEG, Thomson Reuters, Refinitiv.

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