TSX hits record high on tech boost after Shopify's earnings

(Reuters) - Futures tied to Canada's main stock index fell on Tuesday, as lower metal prices weighed, while investors focused on major domestic earnings due on the day and U.S. inflation data later in the week.

December futures on the S&P/TSX index were down 0.4% at 6:15 a.m. ET (11:15 GMT).

Canada's materials sector remained in focus as gold and copper prices fell over 1% to a two-month low on a stronger dollar. [GOL/] [MET/L]

The energy sector also drew attention as oil prices edged higher, with investors awaiting OPEC's monthly report for further price direction. However, disappointment over China's latest stimulus plan and oversupply concerns limited gains. [O/R]

The composite index ended higher on Monday as investors remained bullish following the U.S. presidential election.

Investors awaited U.S. consumer price inflation data due on Wednesday and a parade of Federal Reserve speakers due to speak this week, including Fed Chair Jerome Powell on Thursday.

The U.S. central bank is expected to cut rates by 25 basis points in December. However, markets also expect the Fed to take a cautious approach under the new Trump administration as some of his proposed policies may stoke inflation and strengthen the dollar, resulting in higher-for-longer U.S. interest rates.

Canada, the United States' second-biggest trading partner, is especially vulnerable to his suggested 10% tariff on all imports.

Domestic investors will parse quarterly earnings from e-commerce giant Shopify (NYSE:SHOP ) due on the day.

In corporate news, Warehouse landlord Segro (LON:SGRO ) would buy six Tritax EuroBox properties in Germany and the Netherlands for 470 million euros ($499.1 million) as part of a deal with Brookfield Asset Management (TSX:BAM ) Ltd.

COMMODITIES

Gold: $2595.9; -0.1% [GOL/]

US crude: $68.41; +0.54% [O/R]

Brent crude : $72.2; +0.52% [O/R]

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report (TO )

Canadian dollar and bonds report [CAD/] [CA/]

Reuters global stocks poll for Canada



Canadian markets directory

($1 = 1.3957 Canadian dollars)

Source: Investing.com

Останні публікації
Stocks dip, longer-dated US yields higher after inflation data
13.11.2024 - 23:00
Stocks dip, longer-dated US yields edge up after inflation data
13.11.2024 - 22:00
Dollar hits one-year high on Trump trades
13.11.2024 - 22:00
European shares edge lower as energy gains offset real estate, tech losses
13.11.2024 - 19:00
Stocks, US yields slightly lower after inflation data
13.11.2024 - 18:00
Dollar advances near 7-month peak after US inflation data
13.11.2024 - 18:00
Swiss financial watchdog to regularly review how it oversees UBS
13.11.2024 - 16:00
Dollar pulls back from six-month peak after US inflation data
13.11.2024 - 16:00
Stocks inch up, dollar eases as inflation adds to bets on Fed cut
13.11.2024 - 16:00
Wall Street bankers temper optimism a week after Trump victory
13.11.2024 - 15:00
Dollar slips slightly ahead of key US Inflation release
13.11.2024 - 15:00
Sweden's Klarna moves towards long-awaited US IPO with confidential filing
13.11.2024 - 14:00
Dollar lingers at six-month peak as US inflation comes in focus
13.11.2024 - 14:00
Sterling drifts near 3-month lows vs dollar
13.11.2024 - 13:00
As pain from weak yen deepens, Japan's ex-currency chief Kanda warns of action
13.11.2024 - 13:00

© Analytic DC. All Rights Reserved.

new
Аналіз ринку Як вплине завтра звіт NFP на курс долара США?