May 14 (Reuters) - Futures for Canada's main stock index
were subdued on Wednesday after a strong rally, fueled by easing
global trade tensions and soft U.S. inflation data, as investors
look forward to further developments in trade deals.
June futures on the S&P/TSX index were down 0.08%
at 6:24 a.m. ET (1024 GMT).
Canada's main stock index rose on Tuesday for a sixth
straight session, as cooler-than-expected U.S. inflation data
fueled positive investor sentiment amid the easing of trade
tensions.
Washington and Beijing agreed over the weekend to dial back
stringent reciprocal tariffs, signaling a joint effort to stave
off a global economic slowdown.
Additionally, a 90-day pause announced on April 9 for
countries other than China, along with solid earnings reports
and a limited U.S.-UK trade agreement last week, helped the
index regain its lost ground.
Investors are also eagerly looking for updates on trade
deals during U.S. President Donald Trump's four-day visit to the
Gulf region, while he began a meeting with Syria's president in
Saudi Arabia on Wednesday.
In commodities, gold prices fell as the U.S.-China trade
truce dimmed safe-haven appeal, while oil prices also slipped.
However, prices of most base metals in London climbed on
Wednesday.
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