Market Analysis: Sept 3rd, 2025

Market Analysis: Sept 3rd, 2025

Global Markets

Canadian Markets

Canada’s TSX Index advanced, supported by strength in gold miners as the precious metal continued its rally, although gains were capped as oil prices erased yesterday’s advance ahead of the closely watched OPEC+ meeting on Sunday, where supply policy will be in focus.

American Markets

In the U.S., equities moved higher with the Nasdaq leading the way, driven by a strong rebound in Alphabet (Google) after a court ruling confirmed the company would not face a forced breakup, easing investor concerns around antitrust risks. Broader sentiment was lifted despite economic data showing that U.S. job openings fell to a 10-month low, while hiring trends remained subdued. Notably, for the first time in years, the number of jobless Americans exceeded available job openings, raising concerns about a cooling labor market but also fueling hopes that the Federal Reserve will remain cautious on further rate hikes.

European Markets

European markets rebounded after recent weakness, with optimism building that the selloff in long-term government bonds may be stabilizing. Economic data out of Germany showed engineering orders rose 4% in July, supported largely by robust demand from outside the eurozone, hinting at resilience in the country’s export sector.

In the UK, stocks gained ground, led by strength in the banking and healthcare sectors. The British pound firmed while government bond yields eased, helping to calm investor nerves following a sharp rise in borrowing costs last week.

Corporate Stock News

Alphabet Inc – Citizens raised its target price to $250 from $225 after a U.S. federal court ruling spared Google from a forced breakup in an antitrust case. The decision allows Google to retain control of its Chrome browser and Android mobile operating system, though it must end certain exclusive contracts. The ruling is seen as pivotal for the tech giant, while AI startups stand to benefit from Google being required to share search data with rivals.

Aon Plc – The insurance broker is close to selling its NFP wealth business back to Madison Dearborn for nearly $3 billion. The deal reflects Aon’s strategy to shed non-core assets, while retaining its institutional wealth consulting operations.

Blackstone Inc – The private equity firm confirmed it acquired the historic Centre d’Affaires building in Paris for about $819 million. The property includes office space, luxury apartments, and cafes, marking renewed investor interest in premium office real estate.

Boeing Co – A U.S. judge will review whether to approve Boeing’s plea deal with the DOJ related to two fatal 737 MAX crashes. The agreement would let Boeing avoid prosecution and oversight by an independent monitor, but families of crash victims are challenging the deal.

Comerica Inc – Activist investor HoldCo Asset Management is threatening to nominate five new directors to Comerica’s board unless the bank explores a sale. The move signals growing pressure on regional banks to consolidate.

Constellation Brands Inc – Jefferies cut its target price to $179 from $205, citing worsening consumer headwinds and a weakening outlook for its beer business.

Frontier Group Holdings Inc – Frontier Airlines is launching new loyalty incentives, including $69 elite gold status and companion certificates, to attract dissatisfied premium flyers from rival carriers.

Klarna – is preparing for a U.S. IPO at a valuation of up to $14 billion. Brazil’s competition regulator launched an investigation into Anglo American’s planned nickel asset sale.

Kraft Heinz Co – Bank of America cut its target price to $27 from $29 after Kraft Heinz announced plans to split into two independent, publicly traded companies—a sauces-focused business and a groceries-focused company—via a tax-free spinoff.

Meta Platforms Inc – Singapore police ordered Meta to implement stronger anti-scam measures under the new Online Criminal Harms Act, threatening fines of up to $775,698 for noncompliance. The order targets fake accounts and pages impersonating government officials.

Volkswagen AG – Volkswagen’s labor boss increased pressure on CEO Oliver Blume to step down from his dual role leading both Volkswagen and Porsche AG, raising corporate governance concerns.

Walt Disney Co – Disney agreed to pay $10 million to settle FTC allegations it unlawfully allowed children’s personal data to be collected from YouTube videos without parental consent. The company must now implement stricter audience designations for child-directed content.

Zscaler Inc – The cybersecurity company forecast FY2026 revenue of $3.27–3.28 billion, above Wall Street estimates, citing strong demand for AI-related security solutions. Shares rose in extended trading on the guidance.

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