(Reuters) – Futures linked to Canada’s main stock index dipped on Thursday, pressured by a downtick in metal prices, while investors looked ahead to more corporate earnings in the country and the United States.
September futures on the S&P/TSX index were down 0.6% at 6:33 a.m. ET (10:33 GMT).
The composite index hit a record high in the previous session on resource and technology shares and ended July 5.6% higher, its biggest monthly gain since November.
The materials sector is expected to decline as spot gold prices ticked lower and copper prices slid on Chinese demand concerns. [GOL/][MET/L]
On the other hand, energy shares were poised for gains as oil prices rose after the killing of a Hamas leader escalated the conflict in the Middle East. [O/R]
Meanwhile, U.S. Federal Reserve Chair Jerome Powell on Wednesday hinted at a September rate cut if the country’s economy followed its expected path and signs of cooling inflation were…
