This morning, Wall Street futures advanced early as traders await a key reading on U.S. employment. Major European markets were positive. TSX futures were higher. What investors need to know today:
Wall Street futures advanced early Friday as traders await a key reading on U.S. employment. Major European markets were positive.In the early premarket period, Dow, S&P and Nasdaq futures were all up. All three saw gains on Thursday, with the Nasdaq adding more than 1 per cent. The Nasdaq and S&P are modestly positive for the week heading into Friday’s session while the Dow is down about 0.1 per cent. Canada’sfinished Thursday up 0.51 per cent and is down about 1.
“Heading into today’s data release, the market mostly priced out a June [Fed] hike, with July just over 50/50 and 40 basis points of cuts thereafter for the remainder of the year,” she said. Overseas, the pan-European STOXX 600 the pan-European STOXX 600 was up 0.71 per cent in morning trading. Britain’s FTSE 100 gained 0.65 per cent. Germany’s DAX and France’s CAC 40 advanced 0.77 per cent and 0.90 per cent, respectively.
Traders are now awaiting the June 4 meeting of OPEC and its allies. The group has sent mixed signals about its plans with Saudi Arabia suggesting a cut in output is possible while Russia indicating it is unlikely. In other commodities, gold prices were up and looked set for the best weekly gain since early April as the U.S. dollar eased.
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 todayMarkets saw some relief overnight after the U.S. House of Representatives passed the bill to suspend the U.S. debt ceiling and avert an historic default. What else investors need to know today:
Read more »
Indigenous leaders make case for Canadian LNG – Canadian InvestorIndigenous leaders make case for Canadian LNG CanadiansInvest
Read more »
Bell: Danielle Smith, the UCP victor, has work to do in CalgaryDanielle Smith, the UCP victor, has work to do in Calgary as her UCP loses seats in Alberta\u0027s largest city in the Alberta election
Read more »
Northern Lights fest shares lineup additionsAnnual festival runs July 6-9 in Bell Park
Read more »
Bell: How Danielle Smith and the UCP won the election in AlbertaPremier Danielle Smith, how her UCP team sees the Alberta election win — an interview with Smith\u0027s long\u002Dtime right\u002Dhand man Rob Anderson
Read more »