Tuesday, 02 January 2024 12:17 GMT

TSX Futures Barely Move


(MENAFN- Baystreet)
Futures for Canada's main stock index were little changed on Tuesday, supported by higher precious metal prices, as investors remained cautious ahead of the outcome of the two-day U.S. Federal Reserve policy meeting tomorrow.
The TSX floundered 141.44 points to answer the closing bell Monday at 31,169.97.
December futures were flat Tuesday.
The index has jumped about 26% so far in 2025, and is on pace to outperform the major U.S. indexes, fueled by strong rallies in commodity and financial shares, with support from an easing interest rate environment.
The Canadian dollar eked up 0.02 cents to 72.23 cents U.S.
In corporate news, Brookfield Corporation announced the pricing of $1 billion of medium-term notes, while Colliers International announced it had acquired 100% ownership of its business in India.
ON BAYSTREET
The TSX Venture Exchanged dropped 14.75 points, or 1.6%, Monday to 925.01.
ON WALLSTREET
Stock futures were little changed Tuesday, despite a bump in Nvidia shares after President Donald Trump approved H200 chip sales to China in a deal that gives the U.S. government a hefty cut.
Futures for the Dow Jones Industrials improved 30 points, or 0.1%, to 47,823.
Futures for the S&P 500 took on 4.75 points, or 0.1%, to 6,860.50.
Futures for the NASDAQ added one point to 25,665.
Nvidia ticked higher following a Truth Social post Monday evening that said the chipmaking giant could ship its H200 chips to“approved customers” in China and elsewhere under the condition that a quarter of the sales will be paid to the U.S. government.
Trump wrote that Chinese President Xi Jinping“responded positively” to the deal. Nvidia Chief Executive Jensen Huang met with Trump last week, and the agreement marks a win for the tech giant after months of trade talks.
Separately, investors this week will digest earnings reports from key artificial intelligence plays Oracle and Broadcom, along with retailers Costco and Lululemon.
Overseas, the Nikkei 225 in Japan nicked ahead 0.1% Tuesday, while in Hong Kong, the Hang Seng Index dished off 1.3%.
Oil prices took on 19 cents to $59.07
Gold prices gained $12.10 to $4,229.80.


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