Oct 1 (Reuters) - Futures tracking Canada's main stock index fell on Thursday as a global bond rout drove borrowing costs to multi-decade highs, while investors also monitored volatile oil prices.
December futures on the S&P/TSX index were down 0.4% at 06:27 a.m. ET (1027 GMT).
Global bonds extended their selloff as borrowing costs in the US, France and Japan climbed to multi-decade highs, weighing on broader markets
The benchmark 10-year U.S. Treasury yield rose to 5.34%, its highest level since 2002, while the Canadian equivalent climbed to 3.99%, near its highest since 2023
Oil prices rose over 2% after China suspended oil products exports, potentially tightening fuel markets, while investors continued to assess renewed diplomatic efforts to end the US-Iran war
Crude prices were volatile on Thursday, having slipped more than 1% in early trading, before rebounding
Gold prices were little changed, helped by Wednesday's cooler-than-expected US inflation report, although rising Treasury yields and a firmer dollar limited further gains
Canada's benchmark S&P/TSX composite index (.GSPTSE), snapped a winning streak of five straight months on Wednesday after a volatile September marked by rising global yields, a Federal Reserve rate hike and escalating Canada-US trade tensions
Still, the index posted a ninth straight quarterly gain, its longest such streak on record
Canada's S&P Global Purchasing Managers Index (PMI) data for September, due later in the day, could offer a timely read on business activity
In company news, a Panamanian government commission on Wednesday recommended opening formal negotiations with First Quantum Minerals (FM.TO), to set conditions to reopen the shuttered Cobre Panama mine
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Reporting by Darshan Kumar in Bengaluru; Editing by Shailesh Kuber
