Futures on the TSX are muted due to Middle East conflict
The futures that track Canada's main index of stocks were relatively muted on Thursday, even though gold and oil prices rose. Investors are cautious due to the Middle East conflict.
As of 5:34 a.m., March?futures were down 0.02% on the 'S&P/TSX 'composite index. ET.
Israel launched a massive wave of attacks on 'Tehran, after Iranian missiles had sent millions of Israelis running into bomb shelters.
Wall Street's S&P 500 E-mini Futures and Nasdaq100 E-minis were flat.
Gold spot prices rose 0.4%, despite a stronger dollar and concerns about the Federal Reserve’s monetary policies. Silver prices rose by 0.6% while copper prices dropped.
The oil prices continued to rise as the Chinese government instructed the biggest oil refiners in the country to stop exporting diesel and gasoline.
Brent crude futures gained 1.5% while U.S. West Texas Intermediate crude rose 2.3%.
Toronto's benchmark stock index closed 0.5% higher Wednesday, a rebound from the previous session’s declines. Tech stocks rose?more? than?2% while mining and heavyweight financials also gained.
Canada and Australia have also signed new agreements regarding critical minerals, the countries announced on Thursday.
According to the latest corporate news, Canadian Natural Resources has surpassed analyst expectations in terms of profit for the fourth quarter.
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(source: Reuters)
