TSX futures down as investors pause after Mideast talks rally

Kitco Media
By Reuters
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Reuters
TSX futures down as investors pause after Mideast talks rally teaser image

April 15 (Reuters) - Futures linked to Canada's main stock index inched down in ​low-volume trading on Wednesday, as investors took a breather ‌after the benchmark hit a six-week high in the previous session on optimism over the resumption of Middle East peace talks.
June futures on ​the S&P/TSX index were down 0.16% at 5:56 ​a.m. ET (1056 GMT).

U.S. President Donald Trump signaled talks with ⁠Iran aimed at ending the war could resume in the next ​two days, despite Washington saying it has halted Iran's maritime ​trade.

Oil prices , were little changed on Wednesday, remaining below $100 a barrel as worries eased over shipping disruptions in the Strait of Hormuz.

Gold prices ​fell after hitting their highest level in a month earlier ​in the session, while copper prices hovered around six-week highs as risk ‌appetite ⁠increased.

The TSX closed Tuesday at its highest since March 2, when it had surged on the back of robust energy sector gains after the conflict broke out and disrupted oil ​and gas shipping ​in the ⁠vital Gulf region.

Meanwhile, Canada's banking regulator has said it is reviewing lenders' exposure to private credit ​amid growing concerns around the health of the ​market ⁠in the U.S.

Investors will also monitor corporate earnings in the U.S. and Canada to gauge how companies are tackling headwinds from ⁠the ​Iran war.

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Reporting by Tharuniyaa Lakshmi in Bengaluru; Editing by Jonathan Ananda

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