TSX futures muted as investors await US-Iran deal details; Fed in focus

Kitco Media
By Reuters
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Reuters
TSX futures muted as investors await US-Iran deal details; Fed in focus  teaser image

June 17 (Reuters) - Futures tracking Canada's blue-chip stocks were little changed in thin volumes ​on Wednesday as investors awaited details of the U.S.-Iran ‌peace agreement and the Federal Reserve's outlook on monetary policy.

June futures on the S&P/TSX index were down 0.07% at 7:28 a.m. ​ET (1128 GMT).

U.S. President Donald Trump said the memorandum of understanding ​on Iran was not final, and that he ⁠could resume a bombing campaign if he did not ​like it.

Spot gold and silver slipped 0.03% and 0.4%, respectively, ​as investors awaited Federal Reserve Chair Kevin Warsh's first policy decision.
Oil prices steadied as markets weighed the potential impact of a U.S.-Iran deal ​and the International Energy Agency’s warning of a supply ​overhang next year against firm near-term demand.

Canada's S&P/TSX Composite Index (.GSPTSE), hit ‌a ⁠record high on Tuesday, led by gains in financial and metal-mining stocks, as lower oil prices eased inflation concerns.

Meanwhile, Canada's minister Dominic LeBlanc said he had a constructive meeting ​with U.S. Trade ​Representative Jamieson ⁠Greer, with talks planned as USMCA review timelines extend beyond July 1 without immediate renegotiation.

The U.S. and ​Trump have pivoted in their view of the ​war in ⁠Ukraine, taking what other G7 leaders thought was a more realistic position regarding the conflict, Canadian Prime Minister Mark ⁠Carney said.

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Reporting by Tharuniyaa Lakshmi in Bengaluru; Editing by Shreya Biswas

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