Stock futures pointed to a lower opening for Canada's main stock index on Tuesday as a global bond selloff and continuing worries on Greece's perilous financial situation weighed on the market.
The S&P/TSX composite index fell back 17.38 points to close Monday at 15,152.64, with June futures down 0.6% Tuesday.
The Canadian dollar added 0.39 cents to 83.05 cents U.S. early Tuesday.
No major economic events are scheduled for the day.
ON BAYSTREET
The TSX Venture Exchange faded 0.40 points Monday to 690.75
ON WALLSTREET
U.S. stock futures are declining and European markets are looking rough, with many key indexes falling by about 2%.
Ahead of the opening bell, futures for the Dow Jones Industrials capsized 120 points, or 0.7%, to 17,921, futures for the S&P gave back 13 points, or 0.6%, to 2,084.75, and futures for the NASDAQ fell back 35.75 points, or 0.8%, to 4,395.50
GoDaddy and Zillow will report after the close.
The Treasury Department will give a budget update at 2 p.m. ET.
Investors are selling bonds and yields are moving up. Most major stock markets are in the red, especially in Europe. And the U.S. dollar is falling against all other major global currencies while the euro is rising, up 1% versus the greenback.
European sentiment is being dragged down this morning as some big companies are reporting disappointing corporate results.
Shares in easyJet are falling by roughly 8% in London after the low-cost British airline warned that a recent French air traffic control strike in April would cost the company roughly £25 million ($39 million U.S.).
Oil prices spiked $1.15 to $60.40 U.S. a barrel
Gold prices gained $11.10 to $1,194.10 U.S. an ounce.
