Futures tied to Canada's main stock index rose on Thursday, aided by higher crude and metal prices, after the Bank of Canada lowered its policy rates by 50 basis points the previous day.
The TSX dropped 143.08 points to finish Wednesday’s session at 24,573.62.
December futures shot up 0.5% Thursday.
The Canadian dollar inched higher 0.12 cents to 72.39 cents U.S.
In corporate news, Teck Resources beat third-quarter profit estimates, helped by higher production of copper at its Quebrada Blanca mine.
ON BAYSTREET
The TSX Venture Exchange skidded 14.59 points or 2.3%, Wednesday to 612.72.
ON WALLSTREET
Futures linked to the S&P 500 rose Thursday as the benchmark looks to rebound following three straight losing sessions. Strong earnings from Tesla and others led the gains.
Futures for the Dow Jones Industrials removed 37 points, or 0.1%, to 42.701.
Futures for the much broader index moved forward 29 points, or 0.5% to 5,866.75.
Futures for the NASDAQ Composite Index 188.25 points, or 0.9%, to 20,408.75.
Tesla surged 10% after the electric vehicle manufacturer posted third-quarter results that beat analyst expectations. Whirlpool gained 3.5% and Lam Research was also higher, 5.9% on the back of better-than-expected earnings.
Weighing on Dow futures was International Business Machines, which fell more than 2% as consulting revenue narrowly missed analysts’ estimates.
More than 27% of the S&P 500 has reported third-quarter numbers thus far. Of those companies, 76% have beaten analyst expectations.
Stocks are coming off a losing session, with the Dow suffering its biggest one-day loss since early December, losing more than 400 points. The S&P 500 shed nearly 1%, and the NASDAQ lost 1.6%. Those moves come as Treasury yields rise.
In Japan, the Nikkei 225 gained 0.1% Thursday, while in Hong Kong, the Hang Seng plunged 1.3%.
Oil prices slumped 53 to $71.30 U.S. a barrel.
Gold prices jumped $19.70 to $2,749.10.
Related Stories
