Stock futures pointed to a lower start for stock indices in Canada’s biggest market on Tuesday as investors remained concerned about oil prices in the face of weak demand outlook.
The S&P/TSX Composite gained 30 points to close the day, week and month at 14,582.72. The index lost 0.1% on the week, after four weeks of gains. September futures on the S&P TSX index were down 0.3% Tuesday.
The Canadian dollar picked up 0.41 cents to 76.6 cents U.S. early Tuesday
Markets in Canada were closed Monday for the Civic Holiday
Thomson Reuters has joined a consortium of the world's biggest financial institutions that is working on how to use the blockchain technology that underpins bitcoin in global financial markets.
CIBC raised the price target on Fairfax Financial Holdings to $725.00 from $700.00
BMO cut the rating on Hudbay Minerals to market perform
NBF raised the target price on Telus Corp to $44.00 from $42.00, with a sector perform
The economic calendar is a scant one Tuesday, with RBC out later this morning with its Purchasing Managers’ Index manufacturing index for July.
ON BAYSTREET
The TSX Venture Exchange gained 11.22 points Friday to 796.17
ON WALLSTREET
U.S. stock futures are dipping, amid a general negative mood Tuesday.
Ahead of the opening bell, futures for the Dow Jones Industrials dropped 21 points, or 0.1%, to 18,305, while futures for the S&P 500 fell four points, or 0.2%, at 2,160.50. NASDAQ futures slid 6.75 points, or 0.1%, to 4,737.75.
It's a big day for company earnings.
CVS Health, Aetna, Pfizer, Procter & Gamble, SodaStream andHyatt Hotels will report ahead of the open.
After the close, we'll hear from relative stock market rookies, Fitbit and Etsy, along with firearm manufacturer Sturm Ruger
The U.S. Bureau of Economic Analysis is releasing the latest consumer inflation data for June this morning. This data is closely tracked by the Federal Reserve as it considers future rate hikes.
The bureau is also releasing personal income and spending data at the same time. Income has been growing very slowly over the past few months. The typical American family earns about $54,000 annually
U.S. automakers are publishing their latest sales figures Tuesday. This data demonstrates how confident Americans feel about the economy.
Car sales hit an all-time high last year. Consumers are still buying lots of cars, but sales have been trending downward since the fall.
European markets are all in the red in early trading, Asian markets were mostly negative.
Oil prices gained 43 cents to $40.49 U.S. a barrel
Gold prices added $8.30 at $1,367.90 U.S. an ounce.
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