Earnings lift US stocks, trade jolts currencies

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London - US stock futures jumped as blue chips from Caterpillar to McDonald’s reported results. Canada’s dollar led export currencies lower as a tariff on lumber reignited concern the Trump administration will pursue protectionist policies.

Futures on the Dow Jones Industrial Average rallied, indicating the underlying index may rise to an all-time high. Caterpillar climbed more than 6% in premarket trading, while McDonald’s added 2%.

Stocks in Europe hovered near a 20-month high and emerging markets climbed, as risk appetite fueled by France’s election continued. The yen fell with Treasuries and gold. The Canadian dollar tumbled after Donald Trump slapped a 24% tariff on imported softwood lumber.

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USD/ZAR
14.21
+0.0%
GBP/ZAR
19.76
+0.1%
EUR/ZAR
17.14
-0.0%
AUD/ZAR
11.05
-0.1%
JPY/ZAR
0.13
-0.0%
Gold
1,820.84
+0.3%
Silver
27.45
+0.5%
Palladium
2,963.50
+0.4%
Platinum
1,257.01
+0.1%
Brent Crude
68.09
-1.3%
Top 40
61,706
0.0%
All Share
67,609
0.0%
Resource 10
69,984
0.0%
Industrial 25
86,103
0.0%
Financial 15
12,567
0.0%
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