Futures for Canada's resources-heavy stock index fell on Monday as commodity prices dropped on demand concerns from top consumer China following reports of surging COVID cases.
The TSX Composite rolled into the weekend, gaining 121.15 points, to finish Friday at 20,111.51, for a gain on the week of 661 points, or 3.4%. The Canadian dollar moved up 0.13 cents to 75.15 cents U.S.
December futures on the S&P/TSX index were down 0.4%.
ON BAYSTREET
The TSX Venture Exchange moved up 5.12 points Friday to 599.81, adding 6.24 points, or 1.05% over the last five sessions.
ON WALLSTREET
Stock futures traded lower Monday after the S&P 500 posted its biggest weekly gain in almost five months on the back of easing inflation data.
Futures for the Dow Jones Industrials let go of 31 points, or 0.1%, to 33,732.
Futures for the S&P 500 declined 8.75 points, or 0.2%, to 3,991.50. The S&P 500 rallied 5.9% last week for its best week since June.
Futures for the NASDAQ Composite subtracted 53.5 points, or 0.5%, to 11,794.
The tech-heavy NASDAQ gained 8.1% last week for its best week since March, while the blue-chip Dow advanced 4.2%.
Meanwhile, the third-quarter earnings season is set to continue, with a heavy emphasis on retail. Big retailers Walmart, Home Depot, Target, Lowe’s, Macy’s and Kohl’s are all slated to post numbers this week.
In Japan, the Nikkei 225 regressed 1.1% Monday, while in Hong Kong, the Hang Seng Index popped 1.7%.
Oil prices fell 77 cents to $88.19 U.S. a barrel.
Gold prices were down $3.20 to $1,766.20 U.S. an ounce.
