CANADA STOCKS — Metals rebound lifts TSX futures despite global AI selloff
Oct 15 (Reuters) — Futures tied to Canada's resource-heavy stock index edged higher on Thursday as a rebound in precious metals and easing US Treasury yields helped offset concerns over a deepening global selloff in AI-related stocks. December futures on the S&P/TSX index inched up 0.2% at 0605 a.m. ET (1005 GMT). Spot gold and silver prices climbed more than 1% as the dollar and US Treasury yields retreated GOL/ The move might support mining shares after the TSX materials sector, which includes major metal producers, posted its sharpest one-day decline in nearly four months on Wednesday Wednesday's losses followed stronger-than-expected US consumer inflation data for September, which fueled expectations that the Federal Reserve could raise interest rates as soon as this month Global equities remained under pressure on Thursday, as investors reassessed crowded bets on data centers and other AI-linked stocks amid persistently high interest rates MKTS/GLOB In Canada, markets are pricing in a 22-basis-point rate increase by year-end, according to LSEG data Oil prices fell about 2% on the day as reports that the US could ease restrictions on Russia's "shadow fleet" of tankers calmed su
Oct 15 (Reuters) — Futures tied to Canada's resource-heavy stock index edged higher on Thursday as a rebound in precious metals and easing US Treasury yields helped offset concerns over a deepening global selloff in AI-related stocks. December futures on the S&P/TSX index inched up 0.2% at 0605 a.m. ET (1005 GMT).
Spot gold and silver prices climbed more than 1% as the dollar and US Treasury yields retreated GOL/ The move might support mining shares after the TSX materials sector, which includes major metal producers, posted its sharpest one-day decline in nearly four months on Wednesday Wednesday's losses followed stronger-than-expected US consumer inflation data for September, which fueled expectations that the Federal Reserve could raise interest rates as soon as this month Global equities remained under pressure on Thursday, as investors reassessed crowded bets on data centers and other AI-linked stocks amid persistently high interest rates MKTS/GLOB In Canada, markets are pricing in a 22-basis-point rate increase by year-end, according to LSEG data Oil prices fell about 2% on the day as reports that the US could ease restrictions on Russia's "shadow fleet" of tankers calmed supply concerns and kept the TSX's energy sector in focus O/R Investors will now watch US producer price data and Canadian factory sales figures, both due later in the day For Canadian Markets News, Click On Codes: TSX market report.TO Canadian dollar and bonds report CAD/ CA/ Reuters global stocks poll for Canada Canadian markets directory (Reorting by Utkarsh Hathi and Ragini Mathur in Bengaluru; Editing by Sahal Muhammed) ((utkarshtushar.hathi@thomsonreuters.com)