Futures for Canada's main stock index were higher on Wednesday, after global equity markets rose as investors cheered Apple's strong results.
The S&P/TSX Composite Index dropped 19.64 points to conclude Tuesday at 16,580.73
The Canadian dollar dipped 0.02 cents to 74.63 cents U.S. early Wednesday
June futures were up 0.1% Wednesday.
Swiss Federal Railways and Bombardier said they are making progress on resolving technical problems with passenger trains the Swiss have ordered and could put five more of them into service within weeks.
CIBC cut the price target on ARC Resources to $16.00 from $17.00
Canaccord Genuity raised the price target on Telus to $52.00 from $51.00
ON BAYSTREET
The TSX Venture Exchange faded 0.75 points Thursday to 611.32
ON WALLSTREET
U.S. stock index futures pointed to a higher open on Wednesday as investors digested quarterly results from Apple while awaiting the end of a Federal Reserve meeting.
Futures for the Dow Jones Industrial Average hiked 85 points, or 0.3%, to 26,669
Futures for the S&P 500 gained 8.75 points, or 0.3%, at 2,957.25
NASDAQ futures soared 51 points, or 0.7%, to 7,851
Apple shares rose more than 5% in the pre-market after its earnings and revenue fro the previous quarter beat expectations. The tech giant’s guidance for the next quarter was also better than expected.
Advanced Micro Devices and Mondelez also gained 5.3% and 0.9%, respectively, after posting better-than-expected results.
Wall Street is also looking ahead to an announcement from the Fed on monetary policy. The central bank is largely expected to keep rates steady but investors will look for clues about what the Fed thinks about inflation and where the economy is headed.
The U.S. economy grew at an annualized rate of 3.2% in the first quarter, easily surpassing expectations. However, inflation remains muted.
On the data front, there will be ADP payrolls at 8:15 a.m. ET; manufacturing PMI due at 9.45 a.m., and construction spending figures at 10 a.m. ET.
Overseas, Hong Kong markets were closed for May Day, while markets in Japan remained on holiday for the rest of the week.
Oil prices sank 34 cents to $63.57 U.S. a barrel.
Gold prices slid $2.10 to $1,283.60 U.S. an ounce.
