TSX futures rebound after heavy losses in previous session

<html xmlns="http://www.w3.org/1999/xhtml"><head><title>CANADA STOCKS-TSX futures rebound after heavy losses in previous session</title></head><body>

Sept 22 (Reuters) -Canada's TSX futures rose on Friday, boosted by an uptick in prices of most commodities, but stocks were set for weekly declines after logging their worst day in a year in the previous session.

September futures on the S&P/TSX index SXFc1 were up 0.4% at 7:15 a.m. ET (1115 GMT).

Energy and material stocks are expected to get a boost, with gold prices on track to snap a three-day losing streak while copper prices firmed above their weakest level in nearly four months. MET/L GOL/

Oil prices also edged up as Russia's fuel export ban offset demand worries. O/R

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 423.07 points, or 2.1%, at 19,791.62, its lowest closing level since Aug. 24 and its biggest decline since September 2022. .TO

Global stocks took a hit on Thursday after the U.S. Federal Reserve's hawkish stance added to investor worries that higher borrowing costs will derail economic growth.

Investors will now focus on Canada'sdomestic retail sales data for July, due at 08:30 a.m. ET, and is expected to show a rise in sales by 0.4%, according to a Reuters poll of economists.

Money markets will also monitor the flash reading of the S&P Global manufacturing and services PMI in the U.S. for September shortly after the opening bell for more clues on the path for interest rates and the health of the U.S. economy.

Futures tracking Wall Street's main indexes inched up on Friday after concerns over interest rates battered stocks in the prior session. .N

Canada's biggest steelmaker Stelco Holdings STLC.TO is pursuing a bid for U.S. Steel Corp X.N, Bloomberg News reported on Thursday.


Gold futures GCc2: $1,926.6; +0.3% GOL/

US crude CLc1: $90.57; +1.1% O/R

Brent crude LCOc1: $94.09; +0.9% O/R


TSX market report .TO

Canadian dollar and bonds report CAD/ CA/

Reuters global stocks poll for Canada EQUITYPOLL1, EPOLL/CA

Canadian markets directory CANADA

($1= C$1.3447)

Reporting by Khushi Singh in Bengaluru; Editing by Tasim Zahid


免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。


本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。