Daily TSX Market Open: Starbucks Brews a Rally, UBS Profits Surge as Markets Slip - Apr 29th 2026 WordPress Post Text Market Overview The TSX is down 0.69%, while the TSX Venture Index is off 2.40%, as Canadian markets retreat amid pressure from higher energy prices and renewed uncertainty around global growth and interest‑rate expectations. U.S. markets are also lower, with the Dow down 0.44% and the Nasdaq slipping 0.15%, as chip stocks sell off despite continued enthusiasm around artificial intelligence. In Europe, the FTSE 100 is under pressure, down 0.83%, reflecting cautious sentiment across global equities. Commodities are driving much of the macro narrative. Oil prices are surging sharply, up just over 5%, as supply risks intensify despite shifting dynamics within OPEC+. Gold is sliding more than 1.6% as higher yields and central‑bank caution weigh on precious metals. Copper is modestly lower, natural gas is flat, and Bitcoin is higher in Canadian‑dollar terms, up just over 0.5%, as crypto continues to attract speculative interest. In the Headlines Starbucks jumps on earnings beat and outlook boost (SBUX) Starbucks, the global coffee‑house chain, surged after reporting stronger‑than‑expected earnings and raising its full‑year outlook. Investors welcomed signs of stabilizing demand and improving margins despite ongoing cost pressures. UBS profits surge on trading strength (UBSG) UBS, the Swiss banking giant, reported an 80% jump in profits to roughly $3 billion, driven by robust trading activity. The results highlight continued volatility and strong client engagement across global markets.

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