|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wall Street futures were mixed with the Nasdaq lower after major North American markets closed up yesterday. |
|
|
|
|
TSX futures pointed higher. |
|
|
|
|
In Canada, investors are getting results from A&W Food Services of Canada Inc. |
|
|
|
|
On Wall Street, markets are watching earnings from Travelers Cos. Inc., Truist Financial Corp. and M&T Bank Corp. |
|
|
|
|
“Global markets are getting very noisy once again after a period of low volatility: Wall Street is whipsawing, bond yields are swinging, currency markets are doing backflips, and commodity prices are running in multiple directions,” Kyle Rodda, a markets analyst at Capital.com, wrote in a client note. |
|
|
|
|
|
|
|
|
“Global markets could potentially be in for a protracted period of this sort of volatility,” he added, with tech companies due to announce earnings in coming weeks, and markets also attempting to gauge the trajectory of key interest rates. |
|
|
|
|
Overseas, the pan-European STOXX 600 was up 0.47 per cent in morning trading. Britain’s FTSE 100 edged up 0.04 per cent, Germany’s DAX rose 0.85 per cent and France’s CAC 40 advanced 0.16 per cent. |
|
|
|
|
In Asia, Japan’s Nikkei closed 1.39 per cent higher, while Hong Kong’s Hang Seng rose 0.52 per cent. |
|
|
|
|
|
|
|
|
|
|
Oil prices eased on uncertainty over Middle East supplies and a larger-than-expected draw from U.S. crude stockpiles, while European diesel margins dropped following the IEA’s decision to release more diesel. |
|
|
|
|
Brent crude futures were down 0.27 per cent at US$105.60 a barrel, while West Texas Intermediate (WTI) crude futures declined 0.68 per cent to US$97.30. |
|
|
|
|
“The IEA’s pledge to release the remaining 100 million barrels under its March agreement, together with reports that the U.S. is considering easing sanctions on some dark fleet tankers, may be weighing slightly on sentiment,” said Saxo Bank analyst Ole Hansen, adding that the International Energy Agency release is unlikely to ease the diesel supply tightness. |
|
|
|
|
In other commodities, spot gold rose 0.3 per cent to US$4,184.34 an ounce. U.S. gold futures for December delivery climbed 0.9 per cent to US$4,205.70. |
|
|
|
|
|
|
|
|
|
|
The Canadian dollar strengthened against its U.S. counterpart. |
|
|
|
|
The day range on the loonie was 70.42 US cents to 70.67 US cents in early trading. The Canadian dollar was down about 1.19 per cent against the greenback over the past month. It traded at $1.4151 per US$1. |
|
|
|
|
The U.S. dollar index, which weighs the greenback against a group of currencies, slid 0.91 per cent to 101.62. |
|
|
|
|
The euro climbed 0.41 per cent to US$1.1268. The British pound gained 0.52 per cent to US$1.3344. |
|
|
|
|
In bonds, the yield on the U.S. 10-year note was last up at 5.094 per cent. |
|
|
|
|
|
|
|
|
|
|
Euro area consumer price index for September. |
|
|
|
|
12:15 a.m. ET: Bank of Canada governor Tiff Macklem joins IMF panel on AI and global economy in Bangkok. |
|
|
|
|
5 a.m. ET: Canadian existing home sales for September, average prices and the MLS home price index, which is expected to be down 3 per cent from a year ago. |
|
|
|
|
8:15 a.m. ET: Canadian housing starts for September. They are expected to edge up 0.4 per cent. |
|
|
|
|
8:30 a.m. ET: Canadian international securities transactions. |
|
|
|
|
8:30 a.m. ET: U.S. import prices for September |
|
|
|
|
9:15 a.m. ET: U.S. industrial production for September. |
|
|
|
|
With Reuters and The Canadian Press |
|
|
