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CANADA STOCKS-TSX futures edge lower ahead of week's earnings data
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CANADA STOCKS-TSX futures edge lower ahead of week's earnings data
Nov 3, 2024 12:23 PM

Oct 28 (Reuters) - Futures for Canada's main stock index

fell slightly on Monday as losses in crude prices were limited

by Wall Street futures, while investors awaited major corporate

earnings and economic data later this week.

December futures on the S&P/TSX index were down

0.07% at 6:22 a.m. ET (10:22 GMT).

Canada's energy sector could witness a dramatic fall as oil

prices plunged more than 6% after Israel's limited retaliatory

strike against Iran did not disrupt energy supplies.

The materials sector could take its cues from gold prices,

which edged lower on firmer dollar and Treasury yields, and

copper prices that slipped on demand worries from China.

Wall Street futures surged as S&P 500 E-minis and

Nasdaq 100 E-minis rose 0.6% and 0.8%, respectively.

The TSX composite index ended lower on Friday for

a fifth straight session, hit by losses in real estate and

consumer discretionary sectors, while also posting a 1.45%

weekly decline.

On Monday, Bank of Canada Governor Tiff Macklem is scheduled

to speak at The Logic Summit conference at 1:30 p.m. ET.

Investors will look for major North American corporate

earnings and economic data later this week.

Quarterly earnings from megacaps such as Alphabet,

Apple ( AAPL ) and Microsoft ( MSFT ) will steal the spotlight,

while domestic investors will also monitor results from Canadian

Natural Resources ( CNQ ) and Enbridge ( ENB ).

October U.S. nonfarm payrolls and Canada's August gross

domestic product reports could also affect the markets.

The U.S. presidential election has entered its final stretch

and market bets have been favoring a second Donald Trump

administration in recent weeks.

In corporate news, forest products company Canfor ( CFPZF )

reported its third-quarter results on Friday.

COMMODITIES

Gold: $2,720.00; -0.7%

US crude: $67.21; -6.4%

Brent crude: $71.37; -6.2%

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory

($1 = 1.3894 Canadian dollars)

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