🇨🇦 Morning Update | 29.04.2025 🗳️ Canada Elections Mark Carney’s Liberal Party wins but falls short of a majority, securing 164 seats against 147 for the Conservatives. Carney will form a minority government as Canada faces a trade war with the USA and suspended BoC rate cuts. (Provisional results as of 02:15 EDT) 📉 Markets Pull Back After last week's rally, indices eased slightly: S&P 500: +0.1% ➡️ 5,528.75 Nasdaq Composite: -0.1% ➡️ 17,366.13 💻 Mega-Cap Tech Earnings This week: Microsoft, Apple, Amazon, and Meta report results — companies with over $20 trillion combined market cap. Key test for corporate resilience amid trade tensions. ⚠️ U.S.-China Trade Talks Conflicting signals: Treasury Secretary Scott Bessent urges Beijing to take the first step, contradicting Trump's earlier claims of "ongoing discussions." 💸 Foreign Investment Fades Deutsche Bank notes a sharp slowdown in inflows into U.S. bonds and stocks post-tariffs, challenging the dollar’s strength. 📈 Market Outlook Morgan Stanley: S&P 500 expected between 5,000–5,500 JPMorgan: S&P 500 forecasted between 5,200–5,800 ⛽ Energy Sector Brent: $64.78 (-1.6%) WTI: $61.98 (-1.6%) NATGAS: +6% surge due to high demand 💰 Commodities & Crypto Gold: $3,320.29 (+0.9%) Bitcoin: $94,276.49 (-0.5%) Ether: $1,799.50 (-2.2%)