Good morning and welcome to Markets Desk, your midday read on what's moving markets and why.
Canadian equities are bracing for a soft open this Friday, with Bay Street under pressure from sliding precious metals prices and renewed uncertainty around a lasting U.S.-Iran agreement. That geopolitical overhang is enough to keep risk appetite thin heading into the weekend, and traders are watching closely for any headline that shifts the calculus.
Staying in the energy complex, a longer-term call worth watching: some analysts are now projecting crude settles near sixty dollars a barrel by two thousand twenty seven. That view is built on softening global demand, rising non-OPEC supply, and a structural shift in energy consumption patterns. For investors, the question is how to position now before that move plays out.
And in the memory chip space, SK Hynix is sounding an alarm that should get Micron investors' attention. Hynix is moving to double its production capacity over the next five years, a direct response to severe supply constraints in the high-bandwidth memory market. More supply coming online could compress margins industrywide, and Micron's premium valuation leaves little room for error if pricing softens faster than expected.
That's the tape. Markets Desk, signing off the floor.
