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Futures Up Marginally

Jun 10, 2021 (Baystreet.ca via COMTEX) --

Futures for Canada's main stock index ticked up on Thursday on the back of higher oil prices, a day after the central bank left its key interest rate unchanged.

The TSX Composite index stumbled to the finish line Wednesday, skidding 63.65 points to finish the session at 20,002.27

The Canadian dollar eked ahead 0.006 cents to 82.60 cents U.S.

June futures were up 0.1% Thursday.

The Bank of Canada on Wednesday left its key interest rate unchanged at a record low 0.25%, as expected, and said the economy would "rebound strongly" as vaccinations against COVID-19 picked up.

ON BAYSTREET

The TSX Venture Exchange recovered 2.28 points Wednesday to 976.84.

ON WALLSTREET

Futures contracts tied to the major U.S. stock indexes were flat on Thursday as investors eyed a key upcoming inflation report.

Futures for the Dow Jones Industrials gained 41 points, or 0.1%, to 34,478.

Futures for the S&P 500 dipped 0.25 points to 4,218.25.

Futures for the NASDAQ Composite slipped 37.75 points, or 0.3%, to 13,775.25.

UPS shares rose about 1% in pre-market trading after an upgrade from JPMorgan. Shares of Boeing and Delta Air Lines were also higher in pre-market trading.

Shares of Tesla and Apple were slightly lower in early trading.

Video-game retailer and meme stock GameStop fell 7% in pre-market trading even after the company tapped former Amazon executive Matt Furlong to be its next CEO and said that sales rose 25% last quarter. The company also said it may sell up to five million additional shares.

Monthly consumer price index data will be released at 8:30 a.m. ET on Thursday. Economists polled by Dow Jones expect the May CPI report to show prices up 4.7% year over year after April's increase of 4.2%. The core rate of inflation, excluding food and energy, is expected to jump 3.5% on an annual basis, the biggest jump in 28 years.

Overseas, in Japan, the Nikkei 225 gained 0.3% Thursday, while in Hong Kong, the Hang Seng index docked more than three points.

Oil prices picked up 15 cents to $70.11 U.S. a barrel.

Gold prices slumped $15.60 to $1,879.90 U.S.

Stock Futures Flat Ahead of Inflation Report

comtex tracking

COMTEX_388093471/2559/2021-06-10T09:12:21

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