TSX futures edge lower as global bond selloff lifts borrowing costs

  • TSX futures edged lower as a global bond selloff pushed borrowing costs to multi-decade highs.
  • Oil prices rose on reports of tighter Chinese fuel supplies, while gold prices climbed.
  • Canada’s September PMI data was due Thursday after the index fell 2.1% during September.

TSX futures edged lower Thursday as a global bond selloff pushed borrowing costs to multi-decade highs and oil prices rose on reports of tighter Chinese fuel supplies. The Canadian 10-year yield eased but remained near multi-year highs, sustaining concerns over energy-driven inflation and pressure on credit-sensitive sectors. Miners were set to open higher as gold gained after softer-than-expected United States PCE inflation reduced expectations for another Federal Reserve interest-rate increase this month. Canada’s September PMI data was due later Thursday. The S&P/TSX Composite Index had fallen 0.6% to 35,236 on Wednesday, leaving it down 2.1% for the month, as banking and mining declines outweighed energy gains.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.