FX.co ★ TSX Futures Edge Down Amid Ongoing Geopolitical Uncertainty

Futures linked to the S&P/TSX Composite Index slipped on Monday as investors assessed a Pakistan-brokered peace proposal between the United States and Iran. A senior Iranian official stated that Tehran would not reopen the Strait of Hormuz as part of a temporary ceasefire and would not accept any deadlines while considering the plan. Oil prices eased ahead of the talks, though supply concerns stemming from ongoing shipping disruptions persisted. Bank stocks traded mostly lower amid the renewed rise in bond yields. At the same time, energy producers, which had previously benefited from the oil supply shock, came under pressure as crude prices retreated. In contrast, gold inched higher, providing some support to mining shares.