News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexCryptocurrenciesCybersecurityPress Releases

TSX futures rise as commodity prices rebound

07/07/2022 | 07:29am EDT
FILE PHOTO: A sign board displaying Toronto Stock Exchange stock information is seen in Toronto

(Reuters) - Futures for Canada's resource-heavy main stock index rose on Thursday as oil and metal prices gained following steep losses in the last two sessions on fears of an impending global recession.

September futures on the S&P/TSX index were up 0.5% at 7:00 a.m. ET.

Crude prices, that have been sharply hit this week, rose in volatile trade as investors returned their focus to tight supply even as fears of a global recession persisted. [O/R]

Gold prices edged up as the dollar eased slightly and some investors scooped up bargains, while news of possible stimulus measures in China pushed copper prices up sharply from a 20-month low hit in the previous session. [GOL/] [MET/L]

Investors awaited Canada's trade balance data that is due at 8:30 a.m. ET, followed by the Ivey Purchasing Managers Index (PMI) data due after market open.

The Toronto Stock Exchange's S&P/TSX composite index ended down 0.6% at 18,729.66 on Wednesday, near a 15-month closing low hit on June 23, as energy and material stocks dropped, tracking a weakness in commodity prices. [.TO]

Dow e-minis were up 118 points, or 0.38%, at 16:30 a.m. ET, while S&P 500 e-minis were up 11.75 points, or 0.31%, and Nasdaq 100 e-minis were up 48.75 points, or 0.41%. [.N]

COMMODITIES AT 7:00 a.m. ET

Gold futures: $1,740.1; 0.2% [GOL/]

US crude: $99.03; 0.5% [O/R]

Brent crude: $101.1; 0.4% [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

(Reporting by Bansari Mayur Kamdar in Bengaluru; Editing by Vinay Dwivedi)


© Reuters 2022
Latest news "Economy & Forex"
07:08aAmsterdam's Pride canal parade draws huge crowds on return after two years
RE
07:07aNutrien names Ken Seitz as CEO
RE
07:07aVista Equity to take business software Avalara private in $8.4 bln deal
RE
07:06aPalantir cuts annual revenue outlook on timing uncertainty of government contracts
RE
07:05aExclusive-Russian weapons in Ukraine powered by hundreds of Western parts - RUSI
RE
07:05aSingapore PM warns of worsening geopolitical climate in national address
RE
07:05aTyson Foods beats quarterly revenue estimates on beef demand
RE
07:05aTyson Foods beats quarterly revenue estimates
RE
07:04aEmerson to sell InSinkErator Business to Whirlpool for $3.0 billion
RE
07:02aU.S. House lawmakers look to jump-start self-driving legislative push
RE
Latest news "Economy & Forex"