Futures tied to Canada's main stock index were flat on Thursday, as investors took a breather after the previous session's record peak when a sharper contraction in domestic manufacturing fueled expectations of further rate cuts by the Bank of Canada.
The TSX gained 84.86 points to greet Wednesday’s closing bell at 30,107.67
Futures were flat Thursday.
ON BAYSTREET
The TSX Venture Exchange ballooned 10.63 points, or 1.1%, Wednesday to 958.47.
ON WALLSTREET
Stock futures are mixed Thursday night after the S&P 500 logged a fresh high and investors appeared to shrug off concerns tied to the latest U.S. government shutdown.
Futures for the Dow Jones Industrials dipped 40 points, or 0.1%, to 46,685.
Futures for the much broader index tacked on 13.75 points, or 0.2%, at 6,775.25
Futures for the NASDAQ jumped 116.75 points, or 0.5%, to 25,134.25.
Shares of Occidental Petroleum were more almost 1% higher in the premarket after Warren Buffett’s Berkshire Hathaway said that it’s going to buy Occidental’s petrochemical unit, OxyChem, for $9.7 billion in cash. That signifies Berkshire’s largest deal since 2022.
Electronic Arts has received a downgrade from Roth following the unveiling of a multi-billion-dollar deal to take the video game company private, a new analyst note shows.
The three major U.S. stock indexes closed in the green on Wednesday on hopes that the funding stoppage would be brief and therefore limit any serious effects on the economy.
The S&P 500 notched its 29th closing high of the year, finishing above the 6,700 threshold for the first time, after the index hit a new all-time intraday high earlier in the day. The Dow also saw a record close in the prior session.
The government shutdown began after top Democrats and Republicans failed Tuesday to meet the deadline to agree on a deal that would keep the government funded.
Lawmakers blamed each other for the stoppage as Democrats stayed firm on their demands to use the measure to extend health care tax credits for millions of Americans.
In Japan, the Nikkei 225 strengthened 0.9 % Thursday, while in Hong Kong, the Hang Seng leaped 1.5%, on returning from holiday.
Oil prices waned 28 cents to $61.50 U.S. a barrel.
Gold prices brightened $11.50 to $3,909 U.S. per ounce.
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