Futures for Toronto's main stock index were steady on Monday as investors awaited key economic data from both the U.S. and Canada that could give direction on central banks' appetite for higher interest rates.
The TSX was positive 64.76 points, to wind up Friday at 20,407.64. During a short week, the index grabbed 172 points, or 0.85%.
September futures eked up 0.1% Monday.
The Canadian dollar eked up 0.06 cents to 74.41 cents U.S.
Among company earnings, energy firm Suncor Energy Inc is set to report quarterly results later in the day.
One macroeconomic note Monday, the Canadian Real Estate Association was standing by with MLS listing for July.
ON BAYSTREET
The TSX Venture Exchange managed to inch out a gain of 1.48 points Friday to 607.14. On the week, the index pointed downward 8.6 points or 1.4%.
ON WALLSTREET
Stock futures rose slightly Monday as Wall Street looked to shake off a rough start to August.
Futures for the Dow Jones Industrials gained 44 points, or 0.1%, to 35,392.
Futures for the S&P 500 took on 4.25 points, or 0.1%, to 4,485.
Futures for the NASDAQ chugged 18.5 points, or 0.1%, to 15,114.25.
The moves come as stocks have struggled to sustain their rally in the late summer. Last week, the S&P 500 gave back 0.3% and the NASDAQ fell 1.9%, for the latter’s first two-week losing streak of the year.
This week could be driven by insights into the state of the U.S. consumer, with earnings reports due from Home Depot, Target and Walmart.
Retail sales data from July is also due out on Tuesday morning.
The earnings reports are coming after a mixed batch of inflation reports last week, which show that price increased have eased from their post-pandemic peak but are still above the Federal Reserve’s 2% target.
In Japan, the Nikkei 225 index dipped 1.3%, while in Hong Kong, the Hang Seng fell 1.6%.
Oil prices sank 81 cents to $82.30 U.S. a barrel.
Gold prices ditched five dollars to $1,941.60 U.S. an ounce.
