May 13 (Reuters) - Futures for Canada's main stock index dipped on Tuesday, mirroring Wall Street peers, after a sharp rally in the previous session fueled by a U.S.-China trade truce, while investors looked forward to key U.S. inflation data.
June futures on the S&P/TSX index (.SXFcv1), opens new tab were down 0.4% at 6:10 a.m. ET (1010 GMT).
Canada's main stock index rose to a near three-month high on Monday, as the United States and China reached a deal to reduce tariffs.
The world's two largest economies have paused their trade war for 90 days, bringing down tariffs and removing other measures while negotiating a permanent arrangement, which has reignited appetite for stocks, cryptocurrencies and commodities.
Additionally, a White House executive order said the U.S. will cut the low-value "de minimis" tariff on China shipments.
Following this, Goldman Sachs became the first major brokerage to lower its probability of a U.S. recession.
Meanwhile, focus will shift to U.S. inflation data due at 8:30 a.m. ET, with economists polled by Reuters expecting a 0.3% monthly rise and an annual rate holding steady at 2.4%.
In commodities, oil prices held steady and gold recovered as bargain-hunters stepped in after prices hit a more than one-week low in the previous session.
Copper prices were rangebound, with the most-traded contract on the Shanghai Futures Exchange edging lower.
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Reporting by Sanchayaita Roy in Bengaluru; Editing by Vijay Kishore
