Canada stocks-TSX futures muted as markets assess rate-hike bets; commodities gain
EWC•Commodity gains and company updates
- On Thursday, oil prices rose in choppy trading after falling earlier in the session. Brent crude futures LCOc1 were trading at over $97 a barrel.
- Gold prices and silver prices rose over 1% as yields eased, and could bring Canadian miners into focus when the market opens. GOL/
- Meanwhile, Greater Toronto Area home sales fell in August for the first time in six months, data from Toronto Regional Real Estate Board data showed.
- Among companies, Canada's powersports vehicle maker BRP's DOO.TO second-quarter revenue beat analysts' estimates.
- A unit of Thomson Reuters TRI.TO detected a cybersecurity incident in some U.S. states, U.S. Virgin Islands and Canada on June 30 involving its case management platform, a company notice showed on Wednesday.
- The TSX rebounded from a four-week low on Wednesday, boosted by a rally in miners.
TSX futures little changed as rates and yields weigh
Sept. 3 (Reuters) - Futures tracking Canada's benchmark index were little changed on Thursday, as investors assessed prospects of higher interest rates and elevated bond yields, while an uptick in commodity prices offset the gloom.
September futures on the S&P/TSX index SXFcv1 were flat at 06:44 a.m. ET (1044 GMT).
Yields, rate expectations and U.S.-Iran tensions pressure stocks
- The yield on the benchmark U.S. 10-year Treasury note US10YT=RR eased from recent highs on Thursday, but was trading at around 4.786%. The yield for the Canadian equivalent CA10YT=RR was at 3.797%.
- Rising yields globally pressured stocks this week, as markets reassessed expectations of interest-rate hikes while the U.S. and Iran exchanged fresh strikes in the Middle East.
