This morning, Wall Street futures advanced rebounding from the previous session’s losses as investors continue to try to gauge the Federal Reserve’s path on future rate hikes. TSX futures were also up. What you need to know before stock markets open ⬇️
Wall Street futures advanced early Tuesday rebounding from the previous session’s losses as investors continue to try to gauge the Federal Reserve’s path on future rate hikes. Major European markets were mixed. TSX futures were up.
In Canada, investors get manufacturing and wholesale sales figures for September ahead of the opening bell. The figures come ahead of Wednesday’s October inflation report which is expected to show a rise in price pressures for the month.Markets also get a snapshot of the Canadian housing market with the latest sales figures due from the Canadian Real Estate Association.
Overseas, the pan-European STOXX 600 edged up 0.03 per cent in morning trading. Britain’s FTSE 100 gained 0.15 per cent. Germany’s DAX slid 0.12 per cent while France’s CAC 40 advanced 0.32 per cent. “Traders continue to weigh up the global economic outlook, OPEC+ production risks, and China’s Covid approach,” OANDA senior analyst Craig Erlam said.
“Enormous downside risks remain around the global economy next year even if the Fed does pause its tightening a little sooner and perhaps that reality is kicking in again,” he said.
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