Aug 18 (Reuters) - Futures tracking Canada's main stock
index dipped on Monday as investors reined in big bets ahead of
a busy week featuring Ukraine peace talks, a key U.S. central
bank conference and domestic inflation data.
The futures on the S&P/TSX index fell 0.1% by
05:52 a.m. ET (0952 GMT), after a 0.5% gain last week for the
S&P/TSX Composite Index index, helped by expectations
of interest rate cuts in the United States.
U.S. President Donald Trump will meet Ukrainian President
Volodymyr Zelenskiy and European leaders later on Monday to
advance peace negotiations.
The meeting follows Trump's talks with Russian President
Vladimir Putin in Alaska on Friday, which failed to produce a
peace agreement.
Ahead of the Trump-Zelenskiy meeting, gold prices eked out
modest gains, supported by lower U.S. Treasury yields. Oil
prices rose as investors awaited more clues from the meeting.
Another key event this week is the Federal Reserve's annual
economic policy symposium in Jackson Hole, Wyoming, on Friday,
which investors will watch for clues on monetary policy.
According to the CME Group's FedWatch tool, traders are
pricing in an 84.8% likelihood for an interest rate cut in
September.
In Canada, investors will monitor July inflation data due on
Tuesday; a Reuters poll of economists expects the annual rate to
slow to 1.7% last month.
A fall in domestic inflation could prompt the Bank of Canada
to slash interest rates. The central bank left rates unchanged
at its last meeting and signaled further cuts if the economy
weakens and inflation stays contained.
The July housing starts data is due later in the day, and
June retail sales figures on Friday.
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 = 1.3792 Canadian dollars)