Markets

TSX Set for Gains As North Korean Tensions Ease

Canada's benchmark index looked set for a session in the positive territory amid easing geopolitical concerns in North Korea, although falling commodity prices may limit gains.

Stock futures for the September quarter on the S&P TSX index were up 0.01% recently.

Action Economics said North Korea postponed a missile strike on Guam the day after China imposed deeper sanctions following pressure from the U.S. to step up (and face trade sanctions of their own).

Meanwhile, oil was under pressure after the EIA has said U.S. shale production would reach a record in September, estimating 6.15 million barrels per day of output. This would mark the ninth straight monthly increase, and continues to offset OPEC's attempt to reign in its output.

The TSX gained 100 points on Monday.

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

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