Baystreet.ca - Futures linked to Canada's main stock index fell on Tuesday as metal prices eased after their rally in the previous session, while upcoming data in the United States kept investors' risk appetite in check.
The TSX Composite Index climbed 87.63 points to conclude Monday at 22,398.93.
The Canadian dollar added 0.02 cents to 72.78 cents U.S.
September futures on the S&P/TSX index were down 0.4% Tuesday.
In corporate news, engineering and professional services firm WSP Global said it would acquire U.S.-based Power Engineers for $1.78 billion.
ON BAYSTREET
The TSX Venture Exchange restored 2.88 points to finish Monday at 540.47.
ON WALLSTREET
U.S. stock futures were mixed early Tuesday as investors await this week’s key inflation data and weighed fresh earnings.
Futures for the Dow Jones Industrials fell 71 points, or 0.2%, to 39,408, weighed down by a 3.1% drop in Home Depot (NYSE:HD). The home improvement retailer was under pressure after cutting its full-year sales outlook.
Futures for the S&P 500 index took on 4.5 points, or 0.1%, at 5,374.25
Futures for the NASDAQ gained 26.25 points, or 0.1%, to 18,665.75.
The producer price index — a measure of wholesale prices that’s due out at 8:30 a.m. ET — is expected to show a monthly gain of 0.2% in July, in line with the previous month’s reading, according to Dow Jones consensus estimates.
The consumer price index that’s expected out Wednesday is anticipated to show an increase of 0.2% last month, up from a 0.1% decline in the prior month. The data could give an uncertain market some direction after last week’s wild moves.
Wall Street is coming off a choppy session, which struggled to build on the comeback rally at the end of last week. The S&P 500 ended flat, eking out a gain of just 0.23 points. The NASDAQ rose 0.21%. Meanwhile, the Dow fell 0.36
In Japan, the Nikkei 225 returned after a long weekend to jump 3.5%, Hong Kong, the Hang Seng index tacked 0.4%.
Oil prices dropped 34 cents to $79.72 U.S. a barrel.
Gold prices slipped $2.30 to $2,501.70