Baystreet.ca - Futures linked to Canada's main stock index slipped on Wednesday as investors' cautionary stance ahead of key U.S. inflation data countered gains in crude and metal prices.
The TSX Composite Index surged 219.25 points, or nearly 1%, to conclude Tuesday at 22,618.18.
The Canadian dollar eked ahead 0.03 cents to 72.97 cents U.S.
September futures on the S&P/TSX index were down 0.2% Wednesday.
In corporate news, bitcoin miner Riot Platforms (NASDAQ:RIOT) said it had increased its stake in Canadian rival Bitfarms to 18.9%.
ON BAYSTREET
The TSX Venture Exchange hiked 5.01 points Tuesday to 545.66.
ON WALLSTREET
Stock futures were marginally higher on Wednesday as Wall Street looks to keep a strong start to the week going with a key inflation report on deck.
Futures for the Dow Jones Industrials poked up six points to 39,895.
Futures for the S&P 500 index slid 2.75 points, or 0.1%, at 5,461.75
Futures for the NASDAQ gained 11.75 points, or 0.1%, to 19,116.
The July consumer price index reading is set for release at 8:30 a.m. ET. Economists polled by Dow Jones expect a 0.2% increase from the prior month and a 3% gain year over year.
The report comes a day after lighter-than-expected wholesale inflation figures gave stocks a boost. The Dow rose more than 400 points, or about 1%. The S&P 500 climbed 1.7%, while the NASDAQ Composite gained 2.4%.
All three major averages are now above their Aug. 2 closing level, which was the session before the global market sell-off on Aug. 5 that appeared to be
In Japan, the Nikkei 225 soared 0.6%, Hong Kong, the Hang Seng index ditched 0.4%.
Oil prices shed 23 cents to $78.12 U.S. a barrel.
Gold prices jumped $5.80to $2,501.70