Futures for Canada's main stock index edged higher on Wednesday after U.S. President Donald Trump extended the ceasefire with Iran indefinitely, though doubts lingered following reports of gunfire attacks on container ships in the Strait of Hormuz.
The TSX Composite Index withered 551.73 points, or 1.6%, to close Tuesday at 33,808.30, its biggest daily decline in a month as investors priced in some uncertainty related to the war.
June futures darted up 0.4% Wednesday.
The Canadian dollar edged higher 0.02 cents to 73.24 cents U.S.
Markets also weighed trade uncertainty after Canada’s chief negotiator to the U.S. said resolving all issues under the North American trade pact by a July 1 review deadline was unlikely.
ON BAYSTREET
The TSX Venture Exchange retreated 41.97 points, or 3.9%, to end Tuesday at 1,022.61.
ON WALLSTREET
U.S. stock futures rose early Wednesday after President Donald Trump extended the U.S. ceasefire in Iran.
Futures for the Dow Jones Industrials vaulted 231 points, or 0.5%, to 49,570.
Futures for the S&P 500 hiked 37 points, or 0.5%, to 7,137
Futures for the NASDAQ bounced 185.5 points, or 0.7%, to 26,820.25.
Shortly after Tuesday’s close Trump extended a two-week U.S. ceasefire, saying it was warranted due to Tehran’s “seriously fractured” government.
But the timeline remains dicey, after a lack of commitment from Tehran resulted in a pause in Vice President JD Vance’s trip to join peace talks, according to reports from The New York Times and Axios, which cited U.S. officials with knowledge of the situation. Iranian state media reported on Wednesday that negotiators from Tehran said they wouldn’t appear as talks with the U.S. were a “waste of time.”
AT&T shares were up slightly after the company posted first-quarter results that beat analyst expectations.
The telecom giant earned an adjusted 57 cents per share on revenue of $31.5 billion. Analysts polled by LSEG expected a profit of 55 cents per share on revenue of $31.25 billion.
In Japan, the Nikkei 225 grew 0.4% to an all-time high Wednesday, while in Hong Kong, the Hang Seng dipped 1.2%
Oil prices picked up 76 cents to $90.43 U.S. a barrel.
Gold prices brightened $58.50 to $4,809.10 U.S an ounce.
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