A look at Thursday morning’s market action
Wall Street futures were steady early Thursday morning as traders await the latest U.S. inflation data, looking for signs of continued easing of price pressures in the U.S. economy. Major European markets were higher in morning trading. TSX futures saw slight gains.
“The Fed doesn’t want to be responsible for a needlessly sharp downturn and the lag effect of monetary policy means that is a risk when the central bank is raising rates as aggressively as they have been,” Mr. Erlam said. “A softer landing for the U.S. [economy], and perhaps elsewhere, combined with a strong economic rebound in China following the current COVID wave could make for a much better year than feared and stimulate extra crude demand,” OANDA’s Craig Erlam said.
The Lunar New Year holiday, which officially starts on Jan. 21, comes after China last month abandoned a strict anti-virus regime of mass lockdowns that prompted widespread frustration and boiled over into historic protests, Reuters reported on Thursday.Spot gold was up 0.4 per cent at US$1,884.61 per ounce by early Thursday morning, after hitting its highest since early May at US$1,886.59 on Wednesday.The Canadian dollar traded in a fairly narrow band while its U.S. counterpart while the U.S.
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 todayThis morning, Wall Street futures were modestly negative following a mixed showing in the previous session. Major European markets were also in the red. TSX futures were slightly lower.
Read more »
Before the Bell: What every Canadian investor needs to know todayWall Street futures edged higher early Wednesday after comments from Federal Reserve offered few hints about the future course of interest rates. What investors need to know today:
Read more »
Bell to drop five-cent 'Let's Talk' pledge in favour of $10M donationThe change marks a 'fundamental shift' in Bell's Let's Talk campaign, the company said Monday, and is meant to shift the emphasis toward 'practical actions' that all Canadians can make to improve mental health in Canada
Read more »
Bell to drop five-cent 'Let's Talk' pledge in favour of $10M donationBell Canada says it is revamping its Bell Let\u0027s Talk campaign for mental health for 2023.
Read more »
Bell to drop five-cent ‘Let’s Talk’ pledge in favour of $10M donationBell Canada says it's dropping its “Bell Let’s Talk” practice of donating 5 cents each time someone uses the phrase on a specific day in January. Instead, it says in 2023 it will make a $10M lump sum donation to Canadian mental health initiatives.
Read more »