TSX futures edge 0.1% higher ahead of Canada GDP data

  • S&P/TSX 60 futures rose as investors awaited Canada’s GDP report.
  • 3 points, or 0.1%, was the futures contract’s gain by 06:47 ET.
  • U.S. futures were mixed after Treasury yields reached multi-year highs Monday.

Futures tied to Canada’s main stock index edged higher Tuesday as investors awaited domestic gross domestic product data and monitored volatile energy prices. The S&P/TSX 60 standard futures contract rose 3 points, or 0.1%, by 06:47 ET (10:47 GMT), after the S&P/TSX composite index closed Monday at its lowest level in almost two months, pressured by materials and financial stocks. Canada’s GDP report was expected to provide insight into the economy’s response to trade tensions with the U.S. and an energy-price shock linked to the war in Iran. U.S. equity futures were mixed after higher bond yields weighed on Wall Street in the previous session. The Dow futures contract fell 40 points, or 0.1%, by 06:07 ET (10:07 GMT), while S&P 500 futures were little changed and Nasdaq 100 futures gained 32 points, or 0.1%. The 10-year Treasury yield reached a new 19-year high, and the 30-year rate rose to its highest level since 2004. Deutsche Bank analysts said bonds and equities continued to struggle in a difficult September for asset performance. Markets were also affected by President Donald Trump’s rejection of an Iranian peace proposal that would have reopened the Strait of Hormuz, intensifying concerns about energy supplies and possible additional Federal Reserve interest-rate increases. Brent crude futures for November delivery fell 0.6% to $104.58 a barrel, while West Texas Intermediate declined 0.8% to $91.91. Gold advanced but remained near a seven-week low. Reports that OpenAI had stopped training new models and abandoned plans to release another model in the coming days pressured semiconductor and data-center stocks. Goldman Sachs drew attention after The Wall Street Journal reported that its board had discussed replacing CEO David Solomon with operating officer John Waldron as soon as 2027. Investors were also awaiting August JOLTS job openings data and speeches by Federal Reserve officials Michelle Bowman, Austan Goolsbee and John Williams. Investing.com displayed promotional claims that its AI stock-picking list was beating the market by 120%, had gained more than 90% since a July selection and retained 62% upside.

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