Nov 11 (Reuters) - Futures tied to Canada's main stock
index rose on Monday, mirroring Wall Street peers, with
investors focusing on this week's major economic indicators
including key U.S. inflation data.
December futures on the S&P/TSX index were up 0.5%
at 6:00 a.m. ET (11:00 GMT).
Wall Street futures rose on Monday and were set to continue
their post-U.S. election gains.
Donald Trump's reelection kicked off a global stock market
rally last week on expectations that the Trump administration's
second term will bring equities-boosting tax cuts and looser
regulations.
Later this week, data from the U.S. consumer price index
could provide more clues about the Federal Reserve's monetary
policy move at its December policy meeting.
In Canada, quarterly earnings from e-commerce services giant
Shopify ( SHOP ) will grab investor interest on Tuesday, while
data from manufacturing sales is expected on Friday.
The TSX composite index ended lower on Friday but
logged a weekly gain, broadly benefiting from Trump's
reelection.
The energy sector could come under pressure as oil prices
fell after China's stimulus plan disappointed investors and the
U.S. dollar strengthened.
The materials sector grabbed attention as gold prices fell
against a firmer dollar and strong risk appetite, with markets
expecting the Fed to adopt a cautious approach under the Trump
administration.
Copper prices also slipped as top consumer China's latest
stimulus package fell short of investor expectations.
In corporate news, Constellation Software ( CNSWF ) slightly
missed third-quarter revenue estimates on Friday.
Meanwhile, the Montreal Longshoremen's Union rejected the
final offer made for a new labour contract, leading to a lockout
being declared.
COMMODITIES
Gold: $2,660.6; -0.8%
US crude: $69.34; -1.5%
Brent crude: $72.92; -1.3%
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