Canada Stocks: TSX futures slip ahead of economic data, Powell comments

DIRTT Environmental Solutions

02/07/2024 12:21

July 2 (Reuters) - Futures linked to Canadian stocks
were down on Tuesday after a long weekend, seeing selling
pressure from a decline in gold and silver, while comments from
U.S. Federal Reserve Chair and economic data from home later in
the day grab focus.  
    The S&P/TSX 60 futures  SXFcv1  was down 0.15% by 06:52 a.m.
ET (1052 GMT). The benchmark index  .GSPTSE  closed lower on
Friday dragged by a decline in First Quantum Minerals shares.
    The Wall Street futures were also down on Tuesday after
indexes ended higher in the prior session.  .N 
    The materials sector will remain in focus as gold prices
 XAU=  slipped against a firm dollar, while investors awaited
comments from Fed Chair and key jobs data from the U.S.  GOL/ 
    Copper edged up on signs of improving demand in China and
stock withdrawals in South Korea.  MET/L 
    The energy stocks were poised for a positive weekly start,
as oil prices hovered around two-month highs on a robust summer
demand outlook and possible supply disruption from Hurricane
Beryl.  O/R 
    At 9:30 a.m. ET, comments from Fed Chair Jerome Powell at
the European Central Bank Forum will be closely watched for any
clues on the U.S. central bank's monetary policy outlook. 
    Investors will also keep an eye on JOLTS job opening figures
from the U.S. half an hour later.
    Back home, investors will be focusing on S&P Global
Manufacturing PMI data expected today to assess the strength of
the Canadian economy.
    In corporate news, Dirtt Environmental Solutions  DRT.TO  on
Monday announced changes in its board of directors.


    COMMODITIES 
    Gold  XAU= : $2324.74; -0.30%  GOL/ 
    US crude  CLc1 : $83.93; +0.7%  O/R 
    Brent crude  LCOc1 : $87.18; +0.7%  O/R 

    
    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 = 1.3727 Canadian dollars)

 (Reporting by Nikhil Sharma in Bengaluru; Editing by Vijay
Kishore)
 ((Nikhil.Sharma@thomsonreuters.com;))