Baystreet.ca - Futures tied to stock markets in Canada fell slightly on Friday as investors stayed on the sidelines ahead of the country's GDP data, and key U.S. inflation numbers that could offer clues on the Federal Reserve's policy easing.
The TSX Composite Index hiked 127.95 points to end Thursday at 24,033.83.
December futures were down 0.1% Friday.
The Canadian dollar was unchanged at 74.20 cents U.S.
Blackberry (TSX:BB) beat analysts' second-quarter revenue expectations and recorded breakeven adjusted operating income and earnings per share.
In the economic docket, July’s GDP rose 0.2% as increases in both services-producing industries and goods-producing industries drove the growth.
ON BAYSTREET
The TSX Venture Exchange regained 2.92 points Thursday to 594.33.
ON WALLSTREET
Stock futures traded near the flatline Friday as Wall Street awaits a key inflation reading.
Futures for the Dow Jones Industrials gained 31 points, or 0.1%, to 42,586.
Futures for the S&P acquired 3.25 points, or 0.1%, at 5,807.25.
Futures for the NASDAQ picked up 14.5 points, or 0.1%, to 20,360.75.
The three major indexes are higher for the week, with the S&P 500 up nearly 0.8% and the 30-stock Dow on pace to rise 0.3%. The NASDAQ Composite is on track for a roughly 1.4% week-to-date advance.
Wholesale retailer Costco (NASDAQ:COST) and ski resorts owner Vail Resorts both reported financial results after Thursday’s close that led their shares lower.
Traders are awaiting the release of August’s personal consumption expenditures price index, due at 8:30 a.m. ET. The so-called PCE is the Federal Reserve’s preferred inflation metric, and policymakers and Wall Street alike are hoping for figures that show a cooling trend.
Economists polled by Dow Jones expect that headline PCE rose at a 2.3% annualized pace, and that it gained 0.1% from the prior month.
In Japan, the Nikkei 225 surged 2.3%, while in Hong Kong, the Hang Seng hiked 3.6%
Oil prices dipped 12 cents to $67.55 U.S. a barrel.
Gold prices slumped $8.10 to $2,686.80