A look at Friday morning’s market action
Global shares were mixed in muted trading ahead of key U.S. inflation data this morning that will shape the Federal Reserve’s thinking on interest rates when it meets mid-June.
TSX futures were also flat after yesterday’s rebound, boosted by financial stocks as bank earnings season drew to a close. “The big driver in the market at the moment is the same old story of when is the Fed going to pivot and start cutting rates,” said Mark Ellis, CEO of Nutshell Asset Management. Overseas, the pan-European STOXX 600 was flat in morning trading. Britain’s FTSE 100 advanced 0.3 per cent, Germany’s DAX was down 0.13 per cent and France’s CAC 40 added 0.07 per cent.
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