This morning, Wall Street futures were steady as a strong reading on U.S. retail sales helped buoy optimism about the broader economy. Major European markets were higher. TSX futures were little changed.
Wall Street futures were steady early Thursday with a strong reading on U.S. retail sales helping buoy optimism about the broader economy. Major European markets were higher.In the early premarket period, futures linked to the three key indexes were hovering not far from break even. On Wednesday, all three saw modest gains, managing to shake off early losses.
“While I am of the view that the pendulum has now probably swung too far the other way on rate expectations this year, I’m not quite as willing to ignore these releases as many clearly are,” he said. “It could come back to bite them if we don’t see a swift cooling next month.”Governor Tiff Macklem is scheduled to appear before the House of Commons Standing Committee of Finance later in the day.
On the corporate side, U.S.-listed shares of Shopify Inc. were down roughly 9 per cent in premarket trading after the companyfor the current quarter. Shopify said it expects revenue growth in the ‘high-teen’ percentages, while analysts had forecast a rise of nearly 20 per cent, Reuters reported.
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