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Open Edition. Friday, July 24, 2026

Curated market context for passive investors.

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$44.56
+0.22%

Headline

XEQT edges higher as UK and Canada outpace US tech weakness and emerging market stress.

XEQT advanced 0.22% in early trading as international developed markets led a modest global recovery. The United Kingdom posted the clearest gains among tracked developed markets, boosted by financial stocks including HSBC, while Canada rose on broad strength across materials, financials, and technology. U.S. equities lagged as technology declined amid lingering earnings concerns, but health care and communication services partially offset weakness. Emerging markets weighed on the fund, with South Korea and Taiwan sliding sharply on escalating Middle East tensions and renewed inflation fears tied to surging oil prices.

How large is this morning's move?

Typical day · This morning's +0.22% move is 0.4× the 20-day average move.

This scale measures size, not what to do. Larger moves are a normal part of holding a global all-equity fund.

The Regions

  • Canada

    25.49% of XEQT

    • XIC.TO
    +0.43% +0.11 pts to XEQT

    Canadian equities gained 0.43%, with financials and materials providing most support. Financials advanced 0.61% while materials rose 0.68%, reflecting ongoing demand for commodity-linked assets. Energy and technology also contributed modestly, suggesting broad-based participation in the session.

    Canada market region icon

  • United States

    45.32% of XEQT

    • XTOT.TO
    • ITOT
    +0.09% +0.04 pts to XEQT

    U.S. equities gained just 0.09%, held back by a 1.30% decline in the technology sector. Health care, communication services, and industrials together offset most of the technology weakness. Energy equities strengthened on elevated oil prices, though crude pulled back below $100 per barrel as the session progressed.

    United States market region icon

  • Intl Developed

    24.32% of XEQT

    • XEF.TO
    +0.59% +0.14 pts to XEQT

    International developed markets rose 0.59%, led by the UK and Germany. The UK climbed 0.92% on financial strength, while Germany gained 0.87% and Sweden rose 1.07%. Japan's modest 0.17% gain reflected cautious sentiment amid inflation concerns, and the Netherlands edged lower.

    Intl Developed market region icon

  • Emerging Mrkts

    4.78% of XEQT

    • XEC.TO
    -1.42% -0.07 pts from XEQT

    Emerging markets declined 1.42% as Middle East geopolitical tensions and inflation concerns triggered sharp selloffs in technology-heavy markets. South Korea fell 5.17% and Taiwan dropped 1.49%, offsetting gains from India, which rose 1.00%, and South Africa. China and Brazil remained broadly flat, leaving the sleeve heavily pressured by the Asian technology rout.

    Emerging Markets market region icon

Colored bars represent biggest contributors to XEQT's move this morning (threshold = ±0.1 percentage points). Returns are daily ETF price moves for tracked regional or sector categories and may differ slightly from raw index movements.

The Hold Line

An earnings-driven technology pullback in the U.S. combined with emerging market distress from Middle East tensions and inflation concerns created mixed conditions across XEQT's sleeves. International developed markets held steady on strength in UK financials and industrials, while Canadian equities advanced on broad sector support. The fund's modest gain reflects a balanced tug between developed-market resilience and emerging-market pressures.

Signals

  • 01

    Asian tech rout amid Middle East tensions

    South Korea's KOSPI fell 5% and Taiwan equities declined amid renewed Middle East tensions and oil price spikes, which reignited inflation concerns globally. For a long-term XEQT holder, this marks a significant rotation away from Asian growth into developed markets and commodity-linked assets, a shift worth monitoring as geopolitical risk evolves.

  • 02

    Developed markets hold steady despite oil

    The United Kingdom and other developed markets posted solid gains even as oil prices stayed elevated, a reversal from prior sessions when high energy costs pressured developed-market equities broadly. This suggests financial and industrial sectors are finding value despite macro uncertainty, a potentially stabilizing dynamic for the fund's largest sleeve.

  • 03

    U.S. tech weakness amid earnings questions

    U.S. technology declined 1.30% while U.S. health care and communication services advanced, indicating ongoing earnings disappointment in mega-cap tech and a rotation toward defensive sectors. This divergence within the U.S. sleeve is worth watching if earnings growth questions persist, as it may limit the U.S. market's ability to support XEQT's overall gains.

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Jun 26 to Jul 24 · $44.55 → $44.56

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