Canada stocks-TSX futures inch up ahead of US Fed decision
EWC•Markets await quarter-point Fed hike
- Markets, betting that Fed policymakers will lift the benchmark rate by 0.25 percentage point to a 3.75% to 4% range, signal further tightening ahead. The policy decision is due at 2:00 p.m. ET (1800 GMT).
- The 10-year Treasury yield
US10YT=RRdipped to 4.99% after surging to a multi-decade high of 5.04% on Tuesday.US/
TSX futures rise ahead of Fed decision
Sep. 16 (Reuters) - Futures tracking Canada's main stock index rose on Wednesday as oil prices and bond yields paused after a recent surge, while investors braced for a widely anticipated interest-rate hike from the U.S. Federal Reserve.
September futures on the S&P/TSX index SXFcv1 were up 0.15% at 6:18 a.m. ET. The index fell 0.3% on Tuesday after the 10-year U.S. Treasury yield US10YT=RR rose above 5% on concerns over high inflation and growing government debt load.
Oil eases, gold gains and EU-Canada ties expand
- Oil prices fell after reports of Saudi Arabia offering additional crude cargoes via Oman eased concerns about Middle East supply disruptions. Brent crude was last down 0.9% at $107.76 a barrel.
O/R - A surge in global bond yields has weighed on equity markets in recent weeks as investors fear central banks will keep monetary policy tighter for longer to tame inflationary pressures stemming from soaring energy prices.
