May 2 (Reuters) - Futures for Canada's main stock index
fell on Tuesday as crude prices dropped, while investors
remained wary ahead of the U.S. Federal Reserve's interest rate
decision this week.
June futures on the S&P/TSX index were down 0.4% at
6:51 a.m. ET.
Oil prices extended losses from the previous session, as
weak economic data from China weighed on the market. Adding to the pressure, U.S. stock index futures edged lower
ahead of the Fed's policy meeting and as uncertainty around the
U.S. debt ceiling talks spooked investors. The U.S. central bank is expected to deliver a
25-basis-point interest rate increase at the end of its meeting
on Wednesday and then hold rates steady for the rest of 2023,
according to economists in a Reuters poll.
The Toronto Stock Exchange's S&P/TSX composite index ended lower on Monday, dragged down by energy and
rate-sensitive real estate and technology stocks.
In company news, technology company BlackBerry said
it would conduct a review of strategic alternatives, which
include the possible separation of one or more of its
businesses.
Restaurant Brands International Inc beat estimates
for quarterly revenue, boosted by higher prices and increased
traffic at its Burger King and Tim Hortons chains.
Thomson Reuters Corp reported higher sales and
operating profit in the first quarter, helped by divestitures
and high customer retention rates.
COMMODITIES AT 6:51 a.m. ET
Gold futures : $1,996.1; +1.0% US crude : $75.16; -0.66% Brent crude : $78.84; -0.59% U.S. ECONOMIC DATA DUE ON TUESDAY
Factory Orders for March at 10:00 a.m. ET
JOLTS Job Openings for March at 10:00 a.m. ET
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1 = 1.3578 Canadian dollars)
(Reporting by Shristi Achar A in Bengaluru; Editing by Shilpi
Majumdar)
