(Reuters) – Futures for Canada’s main stock index was muted on Monday, tracking lower commodity prices, while investors remained cautious ahead of crucial U.S. inflation data this week.
March futures on the S&P/TSX index were flat at 7:15 a.m. ET (1215 GMT).
Wall Street futures were also subdued following a strong close to the previous week, with focus on a slew of economic data points in the week. [.N]
All eyes are on the January reading of the Consumer Price Index (CPI) numbers in the United States, due on Tuesday, that could provide more clues on the timing for interest rate cuts by the Federal Reserve, and potentially setting the tone for other central banks.
Revised CPI numbers for 2023, released on Friday, showed lower inflation in the U.S. than estimated earlier, reviving optimism around sizable rate cuts from the U.S. central bank in the year.
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