Stock futures pointed to a slightly higher opening for equity markets in Toronto on Wednesday, tracking global shares on expectations of further monetary stimulus in China and signs that Europe's weaker southern economies are picking up.
The S&P/TSX composite index remained negative 109.49 points to close Tuesday at 15,043.15, with June futures up 0.03%.
The Canadian dollar added 0.43 cents to 83.64 cents U.S. early Wednesday.
The People's Bank of China cut its benchmark one-year lending and deposit rates by 25 basis points on Sunday, the third cut in six months.
ON BAYSTREET
The TSX Venture Exchange gained 1.07 points Tuesday to 681.82
ON WALLSTREET
All signs are pointing to a positive day in the markets. U.S. stock futures are up and bond prices are rising after a selloff on Tuesday.
Ahead of the opening bell, futures for the Dow Jones Industrials recovered 15 points, or 0.1%, to 18,044, futures for the S&P gained four points, or 0.2%, to 2,099, and futures for the NASDAQ took on 13.5 points, or 0.3%, to 4,434.25
Ralph Lauren and Macy's are reporting ahead of the open. Cisco, J.C. Penney and Shake Shack will report after the close.
In the U.S., the government reported monthly retail sales numbers this morning.
New data shows the euro-zone economy grew by 1% in the first quarter compared to the same period in 2014.
Within the 19 nations, there were some standouts and laggards: Growth in Spain was robust, and Italy emerged from recession. Greece returned to recession.
European markets are rising in early trading, while Asian markets mostly closed the day with gains.
Oil prices gained 59 cents to $61.34 U.S. a barrel
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