Futures tracking Canada's blue-chip stocks edged lower on Friday as uncertainty over peace efforts in the Middle East weighed, while investors digested a key payrolls report.
The TSX Composite Index soared 415.52 points, or 1.2%, by end of Thursday’s session to 35,217.06, a new record high.
June futures eased 0.1% Thursday.
The Canadian dollar forged ahead 0.14 cents to 72.04 cents U.S.
Iran-backed Hezbollah militia rejected a new Lebanon ceasefire on Thursday while Israel said it would not withdraw troops, undermining U.S. President Donald Trump's efforts to halt fighting there and forge peace with Tehran.
On the economic beat, Statistics Canada reported the economy added 88,000 jobs in May and the unemployment rate fell 0.3 percentage points to 6.6%.
Later this morning (about 10 a.m. EDT), the IVEY School presents its Purchasing Managers’ Index for May.
ON BAYSTREET
The TSX Venture Exchange rebounded 15.56 points, or 1.6%, Thursday to 1,020.76.
ON WALLSTREET
S&P 500 futures fell early on Friday as traders looked ahead to the release of May’s jobs report, while the tech-heavy NASDAQ was poised to open sharply lower as Thursday’s U.S. tech selloff spread to Asian and European markets.
Futures for the Dow Jones Industrials inched up 39 points, or 0.1%, to 51,710.
Futures for the much broader index subsided 38.25 points, or 0.5%, to 7,563.
Futures for the NASDAQ Composite plunged 342.75 points, or 1.1%, to 30,145.50.
The S&P 500 is up less than 0.1% on the week. This slight gain puts it on track for its 10th straight positive week in a row, which would mark the longest positive streak for the index since 1985.
The 30-stock Dow is poised to end the week up 1%, while the NASDAQ is heading for a loss of 0.5%.
Shares in Broadcom were 1.4% lower after tumbling 12.5% on Thursday, with Marvell Technology and Micron down 2.7%.
Economists surveyed by Dow Jones expect the latest data to show that just 80,000 jobs were added last month, which would be lower than the average of 150,000 jobs over the prior two months. The consensus also sees the unemployment rate holding steady from April at 4.3%.
In Japan, the Nikkei 225 dived 1.3% Friday, while in Hong Kong, the Hang Seng lost 1.2%.
Oil prices gave back nine cents to $92.95 U.S. a barrel.
Gold prices tumbled $8.80 to $4,496.20 U.S an ounce.
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