This morning, Wall Street futures were down with traders looking ahead to the Federal Reserve’s midweek rate decision. Major European markets were in the red. TSX futures also struggled. What Canadian investors need to know today:
Wall Street futures were down early Monday with traders looking ahead to the Federal Reserve’s midweek rate decision and earnings from big tech names in the days ahead. Major European markets were in the red.In the early premarket period, futures linked to the Dow, S&P and Nasdaq were all underwater. All three saw solid gains last week, with the Nasdaq adding more than 4 per cent while the Dow gained 2.5 per cent and the S&P 500 advanced 1.8 per cent. Theclosed Friday’s session up 0.
Later in the week, markets will also get U.S. jobs numbers for January. Consensus is for a rise of 188,000 with the unemployment rate increasing 0.1 per cent to 3.6 per cent. The report is due Friday morning. Canada’s January labour force survey will follow next week. Tech shares will be in focus on Wall Street with Amazon, Apple, Google and Meta all releasing quarterly earnings later in the week.
The day range on Brent was US$85.74 to US$87.48 in the early premarket period. The range on West Texas Intermediate was US$78.73 to US$80.49. Reuters reports that over the weekend, China, the world’s biggest crude importer, vowed to promote a consumption discovery that would support demand.
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