Equities<\/p>\n
Global markets were mixed as weaker-than-expected U.S. economic data spurred expectations that the Federal Reserve will cut interest rates next month, while hopes were growing for a Ukraine peace deal and British markets assessed a new budget.<\/p>\n
Wall Street futures were in positive territory after major U.S. markets closed up yesterday. Dow futures were up 0.07 per cent, S&P 500 futures 0.17 rose per cent and Nasdaq futures were 0.25 per cent higher as of 7:30 a.m. ET. <\/p>\n
TSX futures followed sentiment higher after Canada\u2019s main stock index hit at a fresh record close yesterday. <\/p>\n
Overseas, the pan-European STOXX 600 was up 0.15 per cent in morning trading. Britain\u2019s FTSE 100 slipped 0.15 per cent, Germany\u2019s DAX was flat and France\u2019s CAC 40 increased 0.24 per cent. <\/p>\n
In Asia, Japan\u2019s Nikkei closed 1.85 per cent higher, while Hong Kong\u2019s Hang Seng rose 0.13 per cent.<\/p>\n
Commodities<\/p>\n
Oil prices were steady after sliding to a one-month low yesterday as investors assessed prospects of oversupply and talks over a Russia-Ukraine peace deal.<\/p>\n
Brent crude futures gained 13 US cents to US$62.61 a barrel. West Texas Intermediate (WTI) crude futures were up 19 US cent at US$58.14.<\/p>\n
\u201cThe market remains fundamentally skewed to the downside, with investors increasingly pricing in an oversupplied 2026 and no convincing demand catalyst to offset it,\u201d said Phillip Nova analyst Priyanka Sachdeva. <\/p>\n
In other commodities, spot gold was up 1 per cent to US$4,172.18 an ounce. U.S. gold futures for December delivery rose 0.7 per cent at US$4,168.70 an ounce.<\/p>\n
Currencies and bonds<\/p>\n
The Canadian dollar strengthened against its U.S. counterpart.<\/p>\n
The day range on the loonie was 70.88 US cents to 71.09 US cents in early trading. The Canadian dollar was down about 1.03 per cent against the greenback over the past month. <\/p>\n
The U.S. dollar index, which weighs the greenback against a group of currencies, rose 0.11 per cent to 99.79. <\/p>\n
The euro inched up 0.05 per cent to US$1.1578. The British pound climbed 0.17 per cent to US$1.3187. <\/p>\n
In bonds, the yield on the U.S. 10-year note was last up at 4.006 per cent. <\/p>\n
Economic news<\/p>\n
Japan machine tool orders<\/p>\n
U.K. autumn budget<\/p>\n
8:30 a.m. ET: U.S. durable and core orders for September.<\/p>\n
8:30 a.m. ET: U.S. initial jobless claims for week of Nov. 22.<\/p>\n
8:30 a.m. ET: U.S. goods trade deficit for October.<\/p>\n
8:30 a.m. ET: U.S. wholesale and retail inventories for October.<\/p>\n
10 a.m. ET: U.S. new home sales for October.<\/p>\n
2 p.m. ET: U.S. Beige Book is released.<\/p>\n
With Reuters and The Canadian Press<\/p>\n","protected":false},"excerpt":{"rendered":"Equities Global markets were mixed as weaker-than-expected U.S. economic data spurred expectations that the Federal Reserve will cut…\n","protected":false},"author":2,"featured_media":308153,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[3244,45,49,48,3245,3237,3240,2640,3242,3246,166,3247,3241,3239,3243,3238],"class_list":["post-308152","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bonds","tag-business","tag-ca","tag-canada","tag-canadian-dollar","tag-dow-jones","tag-equities","tag-futures","tag-gold","tag-loonie","tag-nasdaq","tag-newnewsletter","tag-oil","tag-sd","tag-silver","tag-tsx"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/308152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=308152"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/308152\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/308153"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=308152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=308152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=308152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}