Canada’s main stock index futures were mostly lower, weighed down by weaker commodity prices.
The S&P/TSX composite index was stronger by 132.54 points, or nearly 1%, to close Monday at 13,779.44
The Canadian dollar erased 0.02 cents at 75.44 cents U.S. early Tuesday
Paradigm Capital cut the target price on Eldorado Gold to $7.00 from $10.75 to reflect Greece’s rational approach towards taxation and job creation.
H2O Innovation reports Q4 earnings today, looking to break even.
Orbit Garant Drilling is expecting a Q4 loss of three cents per share
ON BAYSTREET
The TSX Venture Exchange moved down 0.15 points Monday to 549.76
ON WALLSTREET
U.S. stock futures are in the red and many stock markets in Europe are declining by about 2%.
Ahead of the opening bell, futures for the Dow Jones Industrials stumbled 235 points, or 1.4%, to 16,221, futures for the S&P 500 hesitated 29.25 points, or 1.5%, to 1,933.75, and futures for the NASDAQ slid 77.75 points, or 1.8%, to 4,350.
A few companies are releasing quarterly earnings today, including AutoZone,CarMax, Carnival, General Mills and Olive Garden owner Darden Restaurants. They're all expected to report before the market opens.
Shares in Volkswagen are plunging by another 20% in Europe after a breathtaking 17% drop on Monday.
The automaker said Tuesday it will set aside 6.5 billion euros ($7.3 billion U.S.) to deal with a massive emissions scandal that has slammed the company's public image.
U.S. regulators have accused the company of cheating on emissions tests by using special software. The German firm now says up to 11 million vehicles may be affected around the world.
According to reports, the U.S. Justice Department is launching a criminal investigation into the automaker.
The key indexes in Germany and France are down by about 3%.
Worries that the Volkswagen scandal could affect other carmakers hit auto stocks across the region, while oil and mining stocks were pulled lower by falling crude and metals prices. Copper traded 1.7% lower in London.
Asian markets were calmer, with two key Chinese indexes each rising by nearly 1%.
Oil prices fell $1.17 to $45.51 U.S. a barrel
Gold prices slid $5.40 to $1,127.40 U.S. an ounce.
