Ibovespa Nears One-Year Low as Petrobras Plunges
Futures tracking Canada's benchmark stock index fell 0.4% on Tuesday, nearly erasing the previous session's gains and reflecting a cautious mood across global equity markets. Investors remained focused on the US midterm elections, while oil prices resumed their upward momentum and gold extended its decline. On the earnings front, Topaz Energy reported better-than-expected adjusted third-quarter profit, while Toromont Industries beat quarterly revenue estimates. Meanwhile, Fairfax Financial Holdings' proposed $5.5 billion takeover of IDBI Bank is facing opposition from employees and political parties over the lender's valuation and the Indian government's stake-sale process.
Futures tracking Canada's benchmark stock index fell 0.4% on Tuesday, nearly erasing the previous session's gains and reflecting a cautious mood across global equity markets. Investors remained focused on the US midterm elections, while oil prices resumed their upward momentum and gold extended its decline. On the earnings front, Topaz Energy reported better-than-expected adjusted third-quarter profit, while Toromont Industries beat quarterly revenue estimates.
Meanwhile, Fairfax Financial Holdings' proposed $5.5 billion takeover of IDBI Bank is facing opposition from employees and political parties over the lender's valuation and the Indian government's stake-sale process.