The Toronto stock market looked set for a positive open Tuesday, a day after anxiety over Greece's future in the euro-zone pushed the TSX to its lowest close since last October.
The S&P/TSX Composite Index plummeted 206.06 points, or 1.8%, Monday to close at 11,488.61
The Canadian dollar traded this morning up 0.4 cents to 100.05 cents U.S. The currency has been under selling pressure since an inconclusive Greek election May 6 left no party with enough seats to form a government.
In Canada, reporting companies include Allied Properties Real Estate Investment Trust, Boardwalk Real Estate Investment Trust, Semafo Inc. and Centerra Gold.
ON BAYSTREET
The TSX Venture Exchange stumbled 42.50 points to 1,303.83, while the Nasdaq Canada deducted 6.40 points to 374.20.
ON WALLSTREET
In New York, Dow Jones industrial average futures were up 51 points, or 0.4%, to 12,706 about 30 minutes before the open, suggesting a positive beginning to the trading day. S&P 500 futures rose 9.4 points, 0.7%, to 1,343.50. Futures for the Nasdaq picked up 22.5 points, or 0.9%, to 2,607.50.
Facebook Inc. raised its IPO price range to between $34 and $38 U.S. a share, up from the initial range of $28 to $35 U.S., citing heavy demand. The latest range translates into a valuation of between $93 billion and $104 billion U.S.
Overseas, European markets were mixed with London's FTSE 100 off 0.1%. Frankfurt's DAX up 0.3% and the Paris CAC 40 gained 0.5%
Hong Kong’s Hang Seng advanced nearly 1% and the Nikkei 225 in Japan slipped 0.8%.
German GDP rebounded in the first three months of the year, rising 0.5% above forecasts of 0.2%. The strength came from exports to emerging markets and was enough to keep the overall economy of the euro zone flat, even as economies of some other members contracted.
Eurostat, the E.U.’s statistics office, reported that the euro-zone economy was flat when compared to the previous quarter, confounding expectations for a 0.2% decline, which would have put the euro-zone back into recession. In the last quarter of 2011, the euro-zone contracted by 0.3%
Gold prices have rebounded by 0.2% to $1,559.38 U.S. an ounce after hitting a new low for the year on Monday. Oil slipped 21 cents to $94.57 U.S. a barrel.
