Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»TSX futures edge up on higher commodity prices
    Commodities

    TSX futures edge up on higher commodity prices

    August 26, 20242 Mins Read


    (Reuters) – Futures linked to Canada’s main stock index rose on Monday due to a rise in crude and metal prices, while investors cheered the U.S. Federal Reserve Chair’s comments on Friday that endorsed the start of the rate-cut cycle in September.

    September futures on the S&P/TSX index were up 0.1% at 6:00 a.m. ET (10:00 GMT).

    The energy sector remained in focus as oil prices climbed on possible supply disruptions due to fears of Gaza conflict spreading into the Middle East. [O/R]

    The materials sector was also in focus after gold prices strengthened against a weaker dollar and lower Treasury yields, while copper prices also surged to a three-week high. [GOL/] [MET/L]

    The S&P/TSX composite index notched a record closing high on Friday after Fed Chair Jerome Powell’s comments endorsing the beginning of rate cuts in the United States, while also acknowledging that inflation was within the reach of 2% target.

    After keeping the credit conditions at 5.25% to 5.50% for over a year, traders widely expect a 25-basis points reduction at the Fed’s policy meeting next month.

    Across the border, the focus will be on the U.S. personal consumption and core inflation numbers, expected later in the week, along with Nvidia’s second-quarter results on Wednesday.

    Meanwhile at home, the Canada Industrial Relations Board ordered an end to work stoppages at the country’s largest railways that posed a threat to Canada’s export-driven economy.

    Among important earnings, major lenders like Bank of Nova Scotia, Royal Bank of Canada, and the National Bank of Canada are expected to report their quarterly results this week.

    COMMODITIES

    Gold: $2,525.8; +0.6% [GOL/]

    US crude: $75.72; +1.2% [O/R]

    Brent crude: $79.91; +1.1% [O/R]

    FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

    TSX market report [.TO]

    Canadian dollar and bonds report [CAD/] [CA/]

    Reuters global stocks poll for Canada

    Canadian markets directory

    ($1 = 1.3506 Canadian dollars)

    (Reporting by Nikhil Sharma in Bengaluru; Editing by Vijay Kishore)



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Muse, Korn, Scorpions… Pour sa 18e édition, le festival Hellfest affiche complet

    Commodities

    Luxaviation investit dans les carburants durables avec Haffner Energy

    Commodities

    Sound Energy s’ouvre à l’hélium et à l’hydrogène aux côtés de Getech

    Commodities

    Hellfest Kids 2025 : dinosaures, punk à chats, fanfare metal et gamins en folie

    Commodities

    Carburant vert pour l’aviation : le projet à 2,2 milliards d’euros de Verso Energy franchit une première étape à Étagnac

    Commodities

    Secteur pétrolier : Mejdi Mbarek nouveau directeur général de OLA Energy Cameroun

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    Barinque : Bé-Horns Fest #1 : ça va envoyer du lourd à Barinque le 7 juin !

    Investments

    Senate Ag Committee Ranking Member says research investments needed

    Stock Market

    Dividend Stocks Checklist: 4 Stocks to Watch Out for Dividend Payouts in March 2025 – Stock Insights News

    Editors Picks

    These 2 Canadian Dividend Stocks Will Take Flight in 2025

    October 19, 2024

    Bridgewater NJ Route 202-206 redevelopment eyed at Talamini Road

    August 7, 2024

    A Threat to Our Freedom

    February 21, 2025

    USDA cancels Climate-Smart Commodities program

    April 14, 2025
    What's Hot

    Florida lawmakers take aim at drones, protecting homeowners’ right to privacy

    April 21, 2025

    the digital transformation that could reshape global monetary policy

    May 19, 2025

    Branch Energy raises $10.8M series A led by Prelude Ventures

    August 9, 2024
    Our Picks

    Montana Dakota Utilities 16% rate increase denied by regulators

    October 18, 2024

    Sirius Real Estate conclut des accords de parcs d’affaires pour 43 millions d’euros

    May 29, 2025

    Estate agent wins commission dispute after US$1,1 million property sale dispute – Nehanda Radio

    March 25, 2025
    Weekly Top

    Les tout premiers ETF basés sur le XRP de Ripple sont aujourd’hui lancés au Canada

    June 18, 2025

    Gold Surges Toward Record High

    June 18, 2025

    Sound Energy s’ouvre à l’hélium et à l’hydrogène aux côtés de Getech

    June 18, 2025
    Editor's Pick

    Chinese coastal cities eye diversified green energy development-Xinhua

    July 22, 2024

    GIS 2025 in Bhopal: Madhya Pradesh attracts major investments

    February 26, 2025

    186 Property Solutions builds on retrofit boom

    June 9, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.