This morning, Wall Street futures edged higher early with traders focused on key inflation figures and the Federal Reserve’s rate decision in the days ahead. Major European markets were positive. TSX futures were modestly higher.
In the early premarket period, Dow, S&P and Nasdaq futures were all above water. All three saw gains on Friday with the S&P 500 managing its fourth consecutive weekly advance. Canada’s“The main event of the week is the FOMC decision, but before we get there, the May“The Fed is expected to deliver a hawkish skip, but if inflation ends up being too hot, the Fed could opt to deliver a rate hike...
Crude prices were down in early trading as economic concerns continue to weigh on sentiment ahead of the Fed’s rate decision later in the week. “But the U.S. driving season and the Mid East boiling hot months will likely bolster demand, while the U.S. will still have to fill in its oil reserves at levels below US$70 per barrel, which will likely throw a floor under U.S. crude selloff near $65 per barrel.”
The day range on the loonie was 74.85 US cents to 75.10 US cents in the early premarket period. The Canadian dollar is up more than 1 per cent against the greenback over the past month.
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