Renewable Energy

TSX futures flat ahead of Fed rate cut decision

Credit: REUTERS/CHRIS HELGREN

Futures remained flat for Canada's main stock index on Monday on global cues, as investors await the U.S. Federal Reserve's interest rate cut decision.

June 17 (Reuters) - Futures remained flat for Canada's main stock index on Monday on global cues, as investors await the U.S. Federal Reserve's interest rate cut decision.

The Fed's policy-setting committee is due to release its latest statement and economic projections at 2 p.m. EDT on Wednesday after the end of a two-day meeting.

June futures on the S&P/TSX index SXFc1 were up 0.02% at 7:00 a.m. ET.

Data on foreign investment in Canadian securities and Canadian investment in foreign securities are due at 8:30 a.m. ET.

The Toronto Stock Exchange's S&P/TSX index .GSPTSE rose 62.65 points, or 0.39%, to 16,301.91 on Friday.

Dow Jones Industrial Average e-mini futures 1YMc1 were flat at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 edged up 0.03% and Nasdaq 100 e-mini futures NQc1 were up 0.12%. .N

TOP STORIES TOP/CAN

Canada looks set to approve a hotly-debated plan to expand an oil pipeline this week, people familiar with the process told Reuters, but the move is unlikely to help Prime Minister Justin Trudeau rebuild flagging support ahead of an October election.

The Canadian government's contracting arm is backing a proposed new satellite system that will use big data analytics to provide commercially available data about the Earth and its orbit amid growing concerns about the risks posed by space debris.

ANALYST RESEARCH HIGHLIGHTS RCH/CA

Gibson Energy Inc GEI.TO: JP Morgan raises rating to overweight from neutral

Hexo Corp HEXO.TO: CIBC cuts rating to neutral from outperformer

Alacer Gold Corp ASR.TO: RBC raises target price to C$5.50 from C$4

COMMODITIES AT 7:00 a.m. ET COM/WRAP

Gold futures GCc2: $1,334.6; -0.53% GOL/

US crude CLc1: $51.85; -1.26% O/R

Brent crude LCOc1: $61.19; -1.32% O/R

U.S. ECONOMIC DATA DUE ON MONDAY

0830 NY Fed Manufacturing for June: Expected 11; Prior 17.8

1000 NAHB Housing Market Index for June: Expected 67; Prior 66

1600 Net L-T flows,exswaps for April: Prior -28.4 bln

1600 Foreign buying, T-bonds for April: Prior -12.5 bln

1600 Overall net capital flows for April: Prior -8.1 bln

1600 Net L-T flows,inclusion swaps for April: Prior -40.6 bln

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report .TO

Canadian dollar and bonds report CAD/CA/

Reuters global stocks poll for Canada EQUITYPOLL1, EPOLL/CA

Canadian markets directory CANADA

($1= C$1.34)

(Reporting by Hrithik Kiran Bagade in Bengaluru; Editing by Shinjini Ganguli)

((hrithik.bagade@thomsonreuters.com))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

    Reuters

    Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

    Learn More