Market Analysis: Sept 29th, 2025

STA Research
September 29th, 2025
Market Analysis: Sept 29th, 2025
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Global Markets

Canadian Markets

Canada’s main stock index, the TSX, rose modestly on Monday, supported by gains in gold prices, which boosted mining and precious metals stocks, while the energy sector weighed on the index as oil fell more than 3 percent amid global demand concerns.

A Deloitte economic report predicts that Canada will avoid a technical recession in 2025, despite the impact of tariffs, and expects a more stable and prosperous 2026. The report also anticipates that the Bank of Canada will lower its interest rate to 2.25% by year-end, following a recent cut to 2.5%, the first since March.

American Markets

U.S. stocks edged higher Monday as Wall Street weighed the risk of a looming government shutdown against renewed optimism in technology.  Lawmakers remain deadlocked over spending legislation as the new fiscal year approaches. President Trump will meet congressional leaders Monday in a last-ditch effort to avoid a shutdown. The uncertainty pressured the U.S. dollar lower and sent safe-haven assets higher, with gold topping $3,800/oz for the first time. Chipmakers rebounded  (Nvidia, AMD, and Micron) and helped drive the Nasdaq higher.

European Markets

European equities gained as healthcare and luxury stocks advanced, offsetting weakness in the banking and energy sectors. Investors appeared cautiously optimistic, focusing on sectors less exposed to interest rate volatility and energy price swings.

UK stock markets rose, supported by gains in finance and healthcare stocks. The rebound in the British pound helped lift investor sentiment. Meanwhile, data showed UK consumer borrowing surged at its fastest pace since October 2024, while job postings declined, indicating that companies are cautious about hiring and future growth prospects. Analysts noted that the mixed signals highlight ongoing economic uncertainty, with inflation pressures and labor market caution continuing to influence market behavior.

Corporate Stock News

Apple Inc. (AAPL): The U.S. labor board withdrew allegations against CEO Tim Cook, including claims related to worker surveillance and confidentiality violations, removing potential legal uncertainty for the company.

AstraZeneca Plc (AZN): The company plans to directly list its shares on the NYSE to attract global investors, while pausing a $268.8 million investment in its Cambridge research site, reflecting cautious expansion amid a challenging UK business environment.

Aurora Cannabis Inc (ACB:CA), Canopy Growth Corp (WEED:CA), Cronos Group Inc (CRON:CA) & Tilray Brands Inc (TLRY:CA): Shares of cannabis companies rose after President Trump suggested cannabidiol (CBD) could benefit senior healthcare, with potential U.S. regulatory changes and tax relief under Section 280E possibly unlocking U.S. capital market access.

Boeing Co (BA): The company settled a wrongful death lawsuit linked to a former employee whistleblower case, paying at least $50,000 to the claimant and resolving associated retaliation claims.

Delta Air Lines Inc (DAL:): KLM will lose Delta and Air France as ground service customers at Amsterdam Schiphol Airport due to strike-related disruptions, prompting the search for alternative ground handling arrangements.

Genmab A/S (GMAB) & Merus NV (MRUS): Genmab will acquire Merus NV for $8 billion in cash, including a 41% premium, to add the head-and-neck cancer drug petosemtamab to its late-stage pipeline, aligning with its oncology strategy.

Lockheed Martin Corp (LMT): Its subsidiary Sikorsky secured a nearly $11 billion U.S. Navy contract to build up to 99 CH-53K King Stallion helicopters, marking the largest order for the aircraft to date.

Nucor Corporation (NUE): Nucor signed a strategic agreement with TNC to support the U.S. nuclear power supply chain, including assessing steel and infrastructure for gigawatt-scale nuclear reactors, supporting President Trump’s nuclear expansion goals.

Stellantis NV (STLA): Joao Laranjo was appointed CFO, succeeding Doug Ostermann, while the company confirmed its 2025 financial guidance, maintaining strategic focus amid management changes.

TotalEnergies SE (TTE): The company will sell 50% of its North American solar portfolio for $950 million and invest in U.S. gas-producing assets, supporting its renewables-to-core energy transition strategy.

Toyota Motor Corp (TM): Global sales rose for the eighth consecutive month in August, driven by U.S. hybrid demand, while temporary layoffs were approved in Brazil due to storm damage at a factory.

Volkswagen Group (VWAGY): The company is restructuring its Indian operations, focusing on investment and navigating policy changes and increasing competition in the key growth market.

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