This morning, Canadian investors will get September housing starts figures from Canada Mortgage and Housing Corp. ahead of the start of trading. Here's what you need to know before stock markets open ⬇️
Wall Street futures jumped early Tuesday morning as traders look to build on the previous session’s gains with more big-name earnings on deck. Major European markets were also positive, helped by Britain’s U-turn on fiscal policy. TSX futures also gained.
“Expectations are low for this earning season, with many challenges, the hawkish Fed notwithstanding.” In this country, investors will get September housing starts figures from Canada Mortgage and Housing Corp. ahead of the start of trading. The Street is expecting an annualized rate decline of 1.4 per cent.
“It’s been another turbulent few weeks in oil markets from global growth concerns to super-sized OPEC+ output cuts and it seems they’re yet to fully settle down,” OANDA senior analyst Craig Erlam said. Elsewhere, traders continue to watch developments in China, where the government continues with measures aimed at curbing the spread of COVID-19.
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