This morning, Wall Street futures were weaker following modest losses during the previous session. Major European markets were muted. TSX futures were slightly lower with crude prices pulling back. What investors need to know today:
Wall Street futures were weaker following modest losses during the previous session. Major European markets were muted.Ahead of the North American open, Dow, S&P and Nasdaq futures all wavered just below break even. On Monday, the Dow slid 0.59 per cent while the Nasdaq lost 0.09 per cent and the S&P 500 fell 0.2 per cent. In Canada, the“After popping through 4300, briefly taking it into the technical bull-market territory, the S&P 500 rally train was slightly derailed when U.S.
“We lean to a pause this week, but wouldn’t be shocked if they opt to hike. The latest GDP figures were solid and housing appears to be regaining momentum after a year-long slump. Inflation is poised to slow to around 3 per cent in June as the BoC projected, but if the economy doesn’t soften, getting down to 2 per cent is going to be a serious challenge.”
In Asia, Japan’s Nikkei gained 0.90 per cent. Hong Kong’s Hang Seng lost 0.05 per cent. Australia’s central bank surprised markets on Tuesday by raising its key rate by a quarter percentage point to 4.1 per cent.Crude prices gave back some of the previous session’s gains with economic concerns offsetting a move by Saudi Arabia to cut output.
“Oil might remain stuck in a trading range until we see evidence that China’s recovery is improving,” he said in a note. Spot gold held steady at US$1,960.39 per ounce by early Tuesday morning, while U.S. gold futures rose 0.1 per cent to US$1,976.10.
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 Monday morning’s market action
Read more »
Flair tops Canadian airlines for complaints per 100 flights: Canadian Transportation AgencySunwing Airlines Inc. came second at 13.8 complaints per 100 flights, and Swoop Inc. was third at 13.2.
Read more »
Rogers proposes wireless access framework for Bell, Telus, Quebecor customers on TTC subwaysRogers said it is confident that it will be able to reach deals with other carriers in a timely manner, but has proposed a dispute resolution process to fall back on if commercial negotiations fail
Read more »
China defends buzzing American warship and Canadian frigate in Taiwan StraitChina’s defence minister defended sailing a warship across the path of an American destroyer and Canadian frigate transiting the Taiwan Strait
Read more »
Canadian soldiers, U.S. firefighters join effort in battling Nova Scotia wildfiresBarrington Lake wildfire, the largest in the province’s history, continues to burn out of control; the Westwood Hills fire was 85 per cent contained
Read more »