A look at Wednesday morning’s market action
Global markets were mostly higher ahead of U.S. inflation figures later this morning and the Fed eral Reserve policy decision this afternoon that could determine the near-term outlook for interest rates.In Canada, investors are getting results from Dollarama Inc.“Today is a big day in terms of economic data and Fed announcement - it could determine the global market mood for the rest of the month, and a good part of summer,” Ipek Ozkardeskaya, senior analyst at Swissquote Bank, writes in a note.
Overseas, the pan-European STOXX 600 was 0.46 per cent higher in morning trading, rising for the first time in four days. Britain’s FTSE 100 gained 0.63 per cent, Germany’s DAX added 0.43 per cent and France’s CAC 40 advanced 0.24 per cent. Brent futures rose 0.7 per cent to US$82.53 a barrel, while West Texas Intermediate crude futures gained 0.9 per cent to US$78.62 a barrel.
The U.S. dollar index, which weighs the greenback against a group of currencies, slipped 0.05 per cent to 105.18.
Dow Jones Tsx S&D Equities Futures Oil Gold Silver Bonds Canadian Dollar Loonie Cent United States Fed
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Before the Bell: What every Canadian investor needs to know todayA look at Tuesday morning’s market action
Read more »
Before the Bell: What every Canadian investor needs to know todayA look at Monday morning’s market action
Read more »
Before the Bell: What every Canadian investor needs to know todayA look at Friday morning’s market action
Read more »
Before the Bell: What every Canadian investor needs to know todayA look at Thursday morning’s market action
Read more »
Before the Bell: What every Canadian investor needs to know todayA look at Wednesday morning’s market action
Read more »
Before the Bell: What every Canadian investor needs to know todayA look at Tuesday morning’s market action
Read more »