PRE-OPEN Futures are higher after Trump again said a ceasefire was still holding, despite U.S.-Iran clashes and renewed attacks on the UAE. Markets also await domestic April employment data.
PRE-OPEN Canadian futures are slightly higher, mirroring Wall Street, as oil prices retreated further on hopes of a U.S.-Iran peace deal that could potentially normalize crude supplies through the Strait of Hormuz.
Canada's merchandise trade balance swung to a surplus in March, globally and with the United States, as higher crude oil prices and strong demand for gold drove a jump in exports while imports fell, data showed.
PRE-OPEN Canadian markets look to a higher open as oil prices eased, even as renewed tensions in the Middle East threatened an already fragile truce. On the economic front, investors await trade balance figures for March.
PRE-OPEN Canadian Markets are lower, mirroring Wall Street, after Iran's Fars News agency reported that two missiles hit a U.S. warship when it tried to pass through the Strait of Hormuz. European shares ticked lower as domestic automakers came under pressure following threats of a U.S. tariff hike.
PRE-OPEN Canadian markets are flat in thin volumes as investors remained cautious amid elevated oil prices and retreating metal values with no end in sight to the Middle East conflict, while in the U.S. S&P 500 and Dow futures ticked higher after their strongest monthly gains in years. Manufacturing PMI data is due later in the day.
PRE-OPEN Futures for Canada's main stock index were muted while U.S. stock index futures were mixed, as investors remained cautious after oil prices hit their highest in over four years. Investors will await monthly GDP estimate later in the day.
PRE-OPEN Canadian markets are flat ahead of interest rate decisions from the Bank of Canada and the U.S. Federal Reserve, with markets squarely focused on the outlook from policymakers navigating the ongoing war in the Middle East. The key policy rate is expected to remain unchanged at 2.25%. Meanwhile, U.S. stock index futures inched higher.
PRE-OPEN Canada's resource-heavy main stock index were little changed, as mounting concerns over the U.S.-Iran standoff fueled expectations that oil prices could remain elevated for an extended period. For the same reason, futures tracking the benchmark S&P 500 and the tech-heavy Nasdaq 100 indexes fell. Gold also slipped to a three-week low, as markets weighed inflation risks and interest-rate concerns ahead of a slew of central bank decisions.
PRE-OPEN Futures linked to Canada's main stock index edged lower, while Wall Street futures were muted, with stalled U.S.-Iran peace talks denting risk appetite ahead of a busy week of central bank meetings, including the Bank of Canada.
