Coal increased to 148.75 USD/T, the highest since October 2024. Over the past 4 weeks, Coal gained 9.78%, and in the last 12 months, it increased 40.52%.

Coal Hits 19-month High

The Ibovespa fell 0.8% to close at 169,019 on Friday as higher bond yields, fading expectations of monetary easing, and escalating hostilities in the Middle East weighed on sentiment. Iran-backed Hezbollah rejected a new Lebanon ceasefire proposal, while Israel said it would not withdraw its troops, undermining US diplomatic efforts with Iran. Meanwhile, stronger-than-expected US payrolls data pushed Treasury yields higher and reinforced expectations that the Federal Reserve may keep interest rates elevated for longer, magnifying gains in Brazilian rate futures. UBS also turned less constructive on Brazilian assets as prospects for aggressive Selic cuts faded, citing stronger domestic activity, higher oil prices linked to the Iran conflict, and persistent inflation pressures. Banco do Brasil fell 1.8%, while B3 lost 0.7%. Vale dropped 3.8% amid lower iron ore prices, and Petrobras declined 0.9%, tracking a pullback in international oil prices.

Ibovespa Falls as Higher Yields Weigh

The S&P/TSX Composite Index fell 2.3% to close at 34,413 on Friday as stronger-than-expected employment data from Canada and the US pushed bond yields higher and reinforced expectations that the Bank of Canada and the Federal Reserve may keep interest rates elevated for longer. Employment in Canada rose by 88,000 in May, far exceeding forecasts, while US payroll growth also surprised to the upside. Meanwhile, fading hopes for a near-term resolution to the Middle East conflict and the reopening of the Strait of Hormuz added to inflation concerns. Gold prices fell to their lowest level of 2026, triggering a sharp selloff in mining stocks. Agnico Eagle lost 7.2%, Barrick shed 7.6%, and WPM dropped 9.3%. Technology shares also came under pressure, tracking a plunge in US chipmakers after Broadcom reported AI-chip demand that fell short of lofty market expectations. Shopify fell 5.4%, while Celestica plunged 12.3%.

TSX Sinks as Strong Jobs Data Lifts Rate Concerns

The Dow Jones Index dropped 621 points or 1.20 percent on Friday to close at 50941 points. Losses were led by Cisco Systems (-6.35%), Nvidia (-5.93%) and IBM (-5.54%).

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Coal Hits 19-month High

Ibovespa Falls as Higher Yields Weigh

TSX Sinks as Strong Jobs Data Lifts Rate Concerns

The Dow Jones Index Closes 1.20% Lower