Western finance commodity-linked currencies

Western finance commodity-linked currencies, such as the Canadian dollar, strengthened against the USD after metal prices rose sharply. This FX move is closely watched by portfolio managers rebalancing positions toward equity markets with resource exposure. That capital spending should give Western Midstream the fuel to increase its already high-yielding distribution at a low-to-mid single-digit annual rate. The company can grow its payout even faster if it completes acquisitions. It's currently working to close its $2 billion purchase of Aris Water Solutions , which will further diversify its business and boost its fee-based cash flows, giving it even more fuel to grow its distribution. Since the very beginning, supporting our local communities has guided everything we do—it's who we are. In 2001, the Western Financial Group Communities Foundation (our non-profit charity) was created as a way for our team members to give back and positively impact the people and pride in the places where we live, work, and play. To date, we have granted over $9 million back into our communities. Western finance equities saw mixed performance in European trading hours, as the FTSE 100 climbed 0.5% led by mining stocks, while the DAX slipped 0.3% amid weaker manufacturing PMI readings. Market sentiment is cautious ahead of next week’s ECB meeting, where a potential 25-basis-point cut is closely watched.