RBC Capital Markets raised its year-end S&P 500 target to 7,900, citing stronger-than-expected earnings, expanding AI-driven capex, and a still-supportive macro backdrop. The call implies further upside from record highs and underscores the momentum in megacap tech and improving breadth across cyclicals.
Source: SeekingAlpha
Canada’s jobless rate climbs to 6.9% as economy sheds positions
Canada’s unemployment rate ticked up to 6.9%, with youth joblessness surpassing 14%, signaling a softer labor market that could weigh on consumer demand. The data add pressure on policymakers balancing inflation risks with slowing growth, and may temper expectations for aggressive rate moves.
Source: Financial Post
DOJ, CFTC probe $2.6B in oil trades made minutes before Iran-related announcements
U.S. regulators are investigating at least four large, well-timed bearish oil trades placed shortly before high-impact policy announcements on Iran, raising potential insider-trading concerns. The trades coincided with price-moving developments on ceasefires and supply-route clarity, and could have influenced crude benchmarks amid heightened geopolitical volatility.
Source: FinanceFeeds
SEC signals tailored rules for on-chain markets; may revisit broker/exchange definitions
SEC Chair Paul Atkins said the agency should clarify how software-based, on-chain systems map to traditional categories like brokers, exchanges, and clearing agencies. The stance points to rulemaking that recognizes hybrid DeFi/TradFi architectures, potentially reducing legal ambiguity for developers, wallets, and automated trading protocols.
Source: FinanceFeeds
ECB’s Lagarde downplays euro stablecoins, backs tokenized deposits; digital euro timeline advances
ECB President Christine Lagarde warned euro stablecoins pose financial-stability risks and weaken monetary transmission, arguing tokenized bank deposits are a safer route for on-chain payments. Her comments arrive as the ECB prepares a digital euro pilot, while bank-led, MiCA-compliant euro tokens advance under stricter reserve and liquidity standards.
Source: FinanceFeeds
AWS outage knocks Coinbase trading offline for hours, exposing cloud concentration risks
Coinbase halted trading for more than six hours after an AWS data-center issue, briefly shifting markets to cancel-only and auction modes before restoring full service. The incident, which also disrupted systems at other venues, highlights operational concentration in public cloud infrastructure across capital markets.
Source: Finance Magnates
24/7 derivatives trading hits clearing and collateral roadblocks, industry leaders warn
At FIA’s global conference, exchanges, clearers, and asset managers said round-the-clock trading is outpacing settlement and collateral mobility, with margin collection and payment rails still tethered to banking hours. Stablecoin and tokenized collateral solutions are gaining attention, but firms stress real-time risk management and operational resilience must evolve in lockstep.
Source: FinanceFeeds
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