TSX futures muted as traders await data from Canada, US
Timilehin Adejumobi
1 min read
Futures tied to Canada’s main stock index were muted on Tuesday as traders waited for a slew of economic data later this week from the U.S. and Canada that would offer more clues on the central banks’ interest rate paths.
September futures on the S&P/TSX index was up 0.01% at 7:02 a.m. ET (1102 GMT), mirroring sentiment on Wall Street.
Among economic data set for release this week include Canada’s second-quarter GDP, U.S. personal consumption expenditures price index and non-farm payrolls.
Data on U.S. job openings figures is due later on Tuesday and will likely indicate the state of the U.S. economy.
Canada’s second-quarter GDP report is due on Friday and will likely show a sharp slowdown in economic growth, a Reuters poll of economists showed.
In commodities, base metals rose on policy support measures announced by top consumer China and a softer dollar.
Oil prices also rose, while gold ticked higher as bond yields declined.
This report’s information was first seen on REUTERS; to read more, click this link.
