Futures linked to Canada's main stock index inched lower on Wednesday, after two consecutive sessions of record highs, as investors assessed new U.S.-Venezuela developments and awaited key economic data releases.
The TSX gained 187.07 points to conclude Tuesday at 32,407.02, yet another all-time high.
The Canadian dollar edged up 0.04 cents to 72.63 cents U.S.
March futures were down 0.1% Wednesday.
Western University’s IVEY School of Business is out this morning (about 10 a.m. EST) with its PMI report for December.
ON BAYSTREET
The TSX Venture Exchange advanced 13.25 points, or 1.3%, Tuesday to 1,033.96.
ON WALLSTREET
Stock futures were mostly flat Wednesday after the S&P 500 and the Dow Jones Industrial Average notched fresh records.
Futures for the 30-stock index gained 32 points, or 0.1%, to 49,753.
The Dow closed at a record on Monday after the U.S. captured and ousted Maduro over the weekend, while Trump encouraged big investments from U.S. oil companies.
Futures for much-broader sank 4.5 points, or 0.1%, at 6,983.25.
Futures for the NASDAQ lost 54 points, or 0.2%, to 25,768.
Stocks climbed in Tuesday’s session as investors seemed to shrug off worries about the U.S. attack on Venezuela over the weekend. The blue-chip Dow jumped nearly 485 points, or 0.99%, to close above 49,000 for the first time. The S&P 500 also posted a record close after gaining about 0.6%, and the tech-heavy NASDAQ ended the day higher by roughly 0.7%.
Magnificent Seven” member Amazon and retail investor favorite Palantir each closed higher by more than 3%. Data storage plays Sandisk, Western Digital and Seagate were among the S&P 500's top performers on Tuesday.
Looking ahead, Wells Fargo Investment Institute’s head of global investment strategy Paul Christopher said that “social calm” will be key for the direction of the U.S. stock market.
In Japan, the Nikkei 225 subsided 1.1%, while in Hong Kong, the Hang Seng fell 0.9%.
Oil prices handed over five cents to $57.08 U.S. a barrel.
Gold prices slumped $55.20 at $4,440.90 U.S. per ounce.
