This morning, Wall Street futures were mixed as traders look ahead to tomorrow's latest U.S. inflation reading. Major European markets were positive. TSX futures were little changed. Here's what investors need to know today:
Wall Street futures were mixed early Monday as traders look ahead to a fresh reading on U.S.that could offer further hints on the future direction of interest rates. Major European markets were positive. TSX futures were little changed.
“If pricing pressures come in hotter-than-expected, this could be an inflation reckoning report that might drive Fed rate hike expectations above 5.25 per cent,” he said.Bank of Canada In Asia, Japan’s Nikkei finished down 0.88 per cent. The Japanese government is expected to formally appoint economist and former policy board member Kazuo Ueda as the next governor of the Bank of Japan on Tuesday. Hong Kong’s Hang Seng lost 0.12 per cent.Crude prices were down in early trading with the demand picture coming into focus as traders await the U.S. inflation figures later in the week.
Traders are waiting for Tuesday’s U.S. inflation numbers, hoping for clarity on where the Federal Reserve is headed on interest rates. Prices saw further downward pressure from news of the resumption of Azerbaijani oil exports on Sunday at Turkey’s Ceyhan terminal.
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