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"I'm a fighter," Trudeau says. "I care deeply about this country."

"Despite best efforts to work through it, parliament has been paralysed for months."

"I intend to resign, as party leader, as prime minister."

Trudeau has asked for the selection process for the next leader of the Liberal Party to begin.

Trudeau has just arrived at his press conference, at which he is expected to resign.

Chris Beauchamp, chief market analyst at online trading platform IG, said:

Shares in Taiwan's Hon Hai Precision Industry, known as Foxconn (2354.TW), rose nearly 2% in Monday's session in Asia after beating estimates in the fourth quarter.

Foxconn, which is the world's largest contract electronics maker, posted its highest-ever revenue for the fourth quarter in a statement released on Sunday. The assembler of Apple's (AAPL) iPhone, as well as Nvidia (NVDA) products said revenue had risen 15% year-on-year to 2.13tn new Taiwan dollars (£52bn).

Reuters reported that this figure was slightly ahead of an LSEG SmartEstimate analyst forecast of 2.1tn new Taiwan dollars.

Foxconn reported revenue for December of 654.8bn new Taiwan dollars, which was down 2.6% month-on-month.

The company said its components and other products parts of the business showed "strong growth, cloud and networking products delivered significant growth, while computing products and smart consumer electronics experienced slight declines."

Chipmaker Nvidia (NVDA) closed Friday's session nearly 5% higher and was up 2% in pre-market trading on Monday morning.

Shares rose on Friday after it was announced that the chipmaker was partnering with Cerence (CRNC) — an artificial intelligence developer that works with a multitude of major carmakers. Cerence shares soared more than 140% in Friday's session after it made the announcement.

Investors are also gearing up for Nvidia CEO Jensen Huang's keynote speech at the 2025 Consumer Electronics Show in Las Vegas on Monday evening.

Nvidia said in a release ahead of the event that the show "has long been the stage for the unveiling of technological advancements, and Huang’s keynote is no exception."

Reports suggest that Nvidia is expected to unveil its GeForce RTX 5000-series graphics cards at the show.

Here's the detail:

“New research by EY found that 88 companies delisted or transferred their primary stock listing from London’s Main Market in 2024.

Russ Mould, investment director at AJ Bell, said:

Yahoo Finance UK's Vicky McKeever writes:

Gold under pressure from a stronger dollar, with prices of the precious metal dipping on Monday morning.

The spot price was down 0.2% to $2,634.93 per ounce, while gold futures fell 0.5% to $2.641.50 per ounce.

Gold had a solid start to 2025 last week, as investors geared up for Trump's return to office. Investors tend to look towards safe-haven investments, such as gold, in times of geopolitical and economic uncertainty.

However, given that gold is typically traded in dollars, a stronger greenback also weighs on the precious metal.

According to Reuters, Nitesh Shah, commodity strategist at WisdomTree, said Trump's tariff agenda providing a boost to the dollar has also put underlying pressure on metal markets.

"For most of the metals, the slowing of global trade has typically been coupled with a slowing economy and therefore slowing demand for metals," he said.

Here are the headlines from the UK's latest S&P services PMI report:

• Employment declines for the third month in a row

• Marginal increase in business activity

• Input cost inflation accelerates to an eight-month high

The survey also highlighted a word we've been hearing a lot in relation to British businesses: caution.

"The degree of positive sentiment regarding growth prospects during the year ahead was unchanged from the 23-month low recorded in November," it said.

"Service providers widely commented on concerns about cutbacks to business and consumer spending, alongside the impact of rising employers' National Insurance contributions."

AJ Bell investment director Russ Mould writes:

Yahoo Finance UK's Brian McGleenon writes:

The past year has been transformative for bitcoin (BTC-USD) and the broader cryptocurrency market, signalling a shift toward institutional adoption.

Among the most notable milestones were the January launch of US-based spot bitcoin exchange-traded funds (ETFs), the subsequent introduction of options on these ETFs, and bitcoin’s remarkable surge past the $100,000 (£78,600) mark in December.

This crescendo comes as anticipation builds for a potentially crypto-friendly US administration under president-elect Donald Trump, set to be inaugurated early next year.

Read more about the rally on Yahoo Finance UK

Markets across Asia watched on Monday as China's central bank and stock exchanges tried to prop up a falling yuan, as concerns about incoming president Donald Trump and faltering growth continue.

The yuan was its weakest for 16 months, while the SSE Composite (000001.SS) closed 0.1% lower. The Hang Seng (^HSI) in Hong Kong also closed the session 0.4% lower.

The Supreme Court is starting 2025 with a blockbuster case that will have dramatic implications for one of China’s most valuable technology companies, millions of American smartphone users, and some of the biggest social media companies in the US.

TikTok is making an emergency appeal before the highest court, asking it to block enforcement of a federal law signed by president Joe Biden in April that effectively bans the app on 19 January unless it is sold to an owner not controlled by a foreign adversary.

The company's arguments that the law should be overturned in the name of free speech will be aired at a hearing 10 January, just 10 days before Donald Trump is sworn in as president.

Read more on Yahoo Finance

Political tensions have reached a fever pitch in Canada, with reports that premier Justin Trudeau is likely to resign as leader of the Liberal Party this week.

Limited movement in early trade suggest this is already priced in by the market.

The resignation could come as soon as today.

US stock futures are pointing to gains when the market opens later on.

How US stocks fared on Friday, from our US team:

US stocks stepped higher on Friday, shaking off a downbeat start to 2025 as Tesla (TSLA) and Nvidia (NVDA) led a tech-heavy comeback.

The S&P 500 (^GSPC) rose 1.3%, while the Dow Jones Industrial Average (^DJI) gained 0.8%. The tech-heavy Nasdaq Composite (^IXIC) led the gains with an increase of 1.8%.

Friday was the last day for the S&P 500 (^GSPC) to pull off a "Santa Claus" rally, watched closely as a historical harbinger of solid returns for January and the year.

But hopes dimmed after the benchmark fell again on Thursday to notch a five-session losing streak, the longest since April. The S&P 500 and Dow both ended the holiday-shortened week with losses of over 1%, while the Nasdaq is facing a weekly drop of 2%.

Read more on Yahoo Finance

Hello from London. It's a dark wintry day here, with arctic winds blasting the UK and flights grounded at some UK airports. The FTSE 100 (^FTSE) looks set to fall at the opening bell, compounding losses from last week.

Economic events to watch today:

• UK new car sales

• European composite PMI

• UK composite PMI

• US composite PMI

• Preliminary German inflation figures

• Speech by the Federal Reserve's Lisa Cook

Let's get to it