CBC Daily Digest

Choppy but Charged: Stocks Stabilize as Rate Anxiety Eases

S&P/TSX Composite Index

📊 S&P/TSX Composite Index Overview – June 25, 2025

• Index Value:  26,718.62

• Daily Change: +109.26 points (+0.41%)

• Session Range: 26,565.76 – 26,755.32

• 52-Week Range: 21,659.30 – 26,769.46

• Trend Snapshot: The TSX extended its winning streak for the second day in a row, breaking to new all-time closing highs, driven by strength in tech and base metals despite pressure in energy.

📈 Technical Indicators

• Support Levels:

  • Primary: ~26,600 — yesterday’s close, near-term floor

  • Secondary: ~26,400 — early-month consolidation zone

• Resistance Levels:

  • Immediate: ~26,755 – 26,770 — today’s high and upper 52-week boundary

  • Key: ~26,800–27,000 — psychological and historical ceiling

• Trend Analysis: With a clear breakout above 26,700, the index shows strong bullish momentum. Watch for sustained strength above the session high—otherwise a mild pullback toward 26,600 could offer a better entry point.

🧭 Market Analysis

• Economic Indicators: The ceasefire news between Israel and Iran triggered a broad rally in U.S. and Canadian markets, easing oil prices and bolstering risk sentiment.

• Corporate Earnings: Tech and materials stocks led the way, with energy lagging due to falling crude—underscoring sector rotation .

• Global Factors: U.S. equities were buoyed by ceasefire optimism and dovish Fed commentary, supporting Canadian equities; weaker oil lowered pressure on Canadian energy-heavy sectors .

🧠 Market Sentiment

• Investor Outlook: Upbeat and opportunistic. Traders are piling into cyclicals and tech amid the breakout, although energy writers are wary of volatility in commodities.

• Foreign Investment: Sustained foreign inflows into Canadian equities with interest in large-cap tech and materials—signaling confidence in Canada’s growth and resource sectors.

✅ Conclusion

The S&P/TSX Composite closed at 26,718.62 (+0.41%), marking a new record and continuing its uptrend. Key support holds around 26,600, and resistance near 26,770–27,000 lies ahead. Strength today supports the bullish case—next confirmation will come from sustained trading above 27,000 or a healthy pullback into support zones.

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IBOVESPA

📊 IBOVESPA Overview – June 25, 2025

• Index Value: 137,164.61

• Daily Change: +614.11 (+0.45%)

• Session Range: 136,253.69 – 138,156.24

• 52-Week Range: 118,222.64 – 140,381.93

• Trend Snapshot: IBOVESPA has stabilized after a four-day slide, holding above mid-June lows and showing early signs of a range-bound recovery.

📈 Technical Indicators

• Support Levels:

  • Primary: ~136,250 — today’s low and intraday pivot

  • Secondary: ~135,000 – ~135,500 — key consolidation base

• Resistance Levels:

  • Immediate: ~138,150 – today’s session high

  • Key: ~140,380 — near 52-week high

• Trend Analysis: Trading remains bound between 136,250–138,150. The bounce signals potential recovery, but momentum remains tentative. A break above 138,150 could reignite upside, while a fall below 136,250 might revisit mid-month low

🧭 Market Analysis

• Economic Indicators: Central bank communications signaling a pause in rate tightening provided relief to equities. Falling crude prices relieved cost pressure on Brazilian corporates .

• Corporate Earnings: Export-heavy sectors showed renewed interest, while domestic cyclicals like Petrobras lagged amid falling fuel prices and political scrutiny.

• Global Factors: Mixed Middle East news and calmer global commodity dynamics supported risk sentiment, though no major catalyst emerged .

🧠 Market Sentiment

• Investor Outlook: Cautiously optimistic. Following a brief pullback, traders bought dips in large-cap exporters and cyclicals, staying alert to macro developments.

• Foreign Investment: Modest international inflows – foreign investors resumed buying amid stabilizing oil and central bank clarity, though short-term caution remains.

✅ Conclusion

The IBOVESPA closed at 137,164.61, up 0.45%, rebounding in a cautious and defined range. Support holds near 136,250, while overhead resistance aligns at 138,150 and the 52-week high around 140,380. Index action remains range-bound; strength above resistance might mark a short-term rally into highs, whereas failure could result in renewed testing of established supports.

Green Shoots or False Start? Indices Edge Higher Amid Mixed Signals

📉 Notable Decliners

2. Northrop Grumman Corporation (NOC)

• Industry: Aerospace & Defense

• Current Price: $483.93

• Change: −3.12%

• Why It’s Noteworthy: NOC slid as defense stocks lagged following mixed earnings reactions and investors reassessed contract timing, dragging peers like LMT and GD.

📈 Notable Gainers