U.S. Treasury intervention<\/a>.<\/p>\nWall Street futures were mixed after major North American markets closed modestly higher yesterday.<\/p>\n
TSX futures pointed lower after Canada\u2019s main stock index snapped a three-day losing streak yesterday.<\/p>\n
On Wall Street, markets are watching earnings from Walmart Inc., Alibaba Group Holding Ltd. and Deere & Co.<\/p>\n
Overseas, the pan-European STOXX 600 was down 0.13 per cent in morning trading. Britain\u2019s FTSE 100 fell 0.21 per cent, Germany\u2019s DAX declined 0.52 per cent and France\u2019s CAC 40 gave back 0.11 per cent.<\/p>\n
In Asia, Japan\u2019s Nikkei closed 1.36 per cent higher, while Hong Kong\u2019s Hang Seng climbed 0.8 per cent.<\/p>\n
Commodities<\/p>\n
Oil prices climbed to three-week highs, driven by concerns that the impasse in the Iran war will continue to disrupt supply from the key Middle Eastern producing region.<\/p>\n
Brent crude futures for October delivery rose 1.83 per cent to US$93.30 a barrel, while West Texas Intermediate (WTI) crude futures for September traded at US$86.75 a barrel. The more-active October WTI contract was up 1.85 per cent to US$85.95.<\/p>\n
\u201cTensions in the Middle East remain high, leaving room for further supply disruptions,\u201d said UBS analyst Giovanni Staunovo. \u201cLower oil exports from the Middle East are once again tightening the oil market.\u201d<\/p>\n
In other commodities, spot gold was down 0.7 per cent to US$4,488.19 an ounce. U.S. gold futures were little changed at US$4,546.30.<\/p>\n
Currencies and bonds<\/p>\n
The Canadian dollar strengthened against its U.S. counterpart.<\/p>\n
The day range on the loonie was 72.38 US cents to 72.62 US cents in early trading. The Canadian dollar was up about 2.25 per cent against the greenback over the past month. <\/p>\n
The U.S. dollar index, which weighs the greenback against a group of currencies, slid 0.16 per cent to 98.68. The dollar was pegged at $1.3776. <\/p>\n
The euro rose 0.16 per cent to US$1.1697. The British pound gained 0.19 per cent to US$1.3633. <\/p>\n
In bonds, the yield on the U.S. 10-year note was last up at 4.677 per cent.<\/p>\n
Economic news<\/p>\n
Japan trade deficit<\/p>\n
8:30 a.m. ET: Canada\u2019s new housing price index for July. Estimate is a decline of 0.1 per cent from June and down 2.2 per cent year-over-year.<\/p>\n
8:30 a.m. ET: Canada\u2019s industrial product and raw materials price indexes for July. Estimates are month-over-month declines of 0.5 per cent and 2.0 per cent, respectively.<\/p>\n
8:30 a.m. ET: U.S. initial jobless claims for week of Aug. 15. Estimate is 212,000, a gain of 3,000 from the previous week.<\/p>\n
8:30 a.m. ET: U.S. Philadelphia Fed Index for August.<\/p>\n
10 a.m. ET: U.S. leading indicator for July.<\/p>\n
10 a.m. ET: U.S. quarterly services survey for Q2.<\/p>\n
With Reuters and The Canadian Press<\/p>\n","protected":false},"excerpt":{"rendered":"Equities Global markets were muted as concerns over higher oil prices and inflation partly offset support from a…\n","protected":false},"author":2,"featured_media":175367,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1634,17,1635,1627,1629,1630,1632,1636,1448,1637,1631,1628,1633,818],"class_list":["post-175366","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-bonds","tag-canada","tag-canadian-dollar","tag-dow-jones","tag-equities","tag-futures","tag-gold","tag-loonie","tag-nasdaq","tag-newnewsletter","tag-oil","tag-sd","tag-silver","tag-tsx"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/175366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=175366"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/175366\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/175367"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=175366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=175366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=175366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}