TSX futures down on weaker bullion prices; BoC decision awaited  | SaltWire

TSX futures down on weaker bullion prices; BoC decision awaited | SaltWire

(Reuters) – Futures for Canada’s main stock index fell on Wednesday, dragged down by weakness in gold prices, while investors awaited the central bank’s interest rate decision due later in the day.

Spot gold fell 0.18% as the dollar clung onto its recent bounce, but the metal held in a tight range as investors awaited U.S. inflation data and the European Central Bank meeting.

June futures on the S&P/TSX index were down 0.25% by 7:00 a.m. ET.

The Bank of Canada (BoC) is expected to keep its interest rate unchanged at 0.25%, according to a Reuters survey of economists. The decision is due at 10:00 a.m. ET.

The Toronto Stock Exchange’s S&P/TSX composite index ended 0.15% higher at 20,065.92 on Tuesday.

Dow Jones Industrial Average e-mini futures were down 0.08% at 7:00 a.m. ET, while S&P 500 e-mini futures were up 0.07% and Nasdaq 100 e-mini futures were up 0.27%.

TOP STORIES [TOP/CAN]

Canadian Prime Minister Justin Trudeau, under pressure to lift COVID-19-related restrictions along the U.S. border, said on Tuesday that Ottawa would disclose in coming weeks how some measures could be relaxed for fully vaccinated people.

ANALYST RESEARCH HIGHLIGHTS [RCH/CA]

Advantage Oil & Gas Ltd: TD Securities raises target price to C$3.25 from C$2.5

Boardwalk REIT: TD Securities raises target price to C$48 from C$47

Canadian Western Bank: CIBC raises to “outperform” from “neutral”

COMMODITIES AT 7:00 a.m. ET

Gold futures: $1890.9; -0.12% [GOL/]

US crude: $70.31; +0.37% [O/R]

Brent crude: $72.5; +0.39% [O/R]

U.S. ECONOMIC DATA DUE ON WEDNESDAY

1000 Wholesale inventory, R mm for Apr: Expected 0.8%; Prior 0.8%

1000 Wholesale sales mm for Apr: Prior 4.6%

1100 Refinitiv Ipsos Pcsi for Jun: Prior 62.09

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= C$1.21)

(Reporting by Amal S in Bengaluru; Editing by Subhranshu Sahu)

This content was originally published here.

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