CANADA STOCKS-TSX futures rise slightly as yields fall, investors await US CPI

By Reuters News

- Futures for Canada's main stock index edged higher on Wednesday as global bond yields continued to ease, while losses in precious metals limited gains ahead of key US inflation data.

December futures on the S&P/TSX index inched up 0.2% at 6:04 a.m. ET (1004 GMT).

  • Oil prices were little changed after gaining earlier in the session following attacks on two vessels in the Strait of Hormuz O/R

  • Reuters reported that Iran was using new tactics to target ships, seeking to keep oil prices high and influence the US midterm elections

  • Silver prices fell over 1% and gold was down 0.4%, while investors braced for US consumer price index(CPI) data due later in the day for clues on the Federal Reserve's monetary policy stance GOL/

  • Consumer prices in the US likely surged in September, adding to a string of unfavorable developments for President Donald Trump and his Republican Party heading into crucial November 3 midterm elections

  • Traders are pricing in at least one 25-basis-point rate hike by the Fed before the end of the year, according to LSEG data

  • Yields in the Canadian benchmark 10-year bond eased to 3.869%, while the US counterpart fell to 5.1938%

  • Global AI-related stocks steadied after a steep selloff in the previous session MKTS/GLOB

  • Canada's main stock index rose to a nearly three-week high on Tuesday lifted by energy shares, while a global semiconductor selloff drove investors into government bonds, helping stabilize yields

  • Indian Prime Minister Narendra Modi is set visit Canada in December, Canadian Prime Minister Mark Carney's office said on Tuesday, as both sides seek to conclude a Comprehensive Economic Partnership Agreement at the earliest opportunity


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