CANADA STOCKS-TSX futures edge up as Israel-Iran ceasefire holds

Reuters
26 Jun
CANADA STOCKS-TSX futures edge up as Israel-Iran ceasefire holds

June 26 (Reuters) - Futures for Canada's main stock index nudged higher on Thursday, aided by signs that the Israel-Iran ceasefire appeared to be holding.

Futures on the S&P/TSX index .SXFcv1 were up 0.4% at 06:07 ET (1007 GMT), mirroring the moves of its Wall Street peers.

Investors have been soothed by a ceasefire between Israel-Iran. U.S. President Donald Trump said on Wednesday he would likely seek a commitment from Iran to end its nuclear ambitions at talks next week.

Toronto's commodity-heavy S&P/TSX composite index .GSPTSE pulled back on Wednesday from a record high, as the market cooled. The index has been shielded from some of the volatility that has impacted Wall Street this year due to a heavy weighting in gold stocks, which tend to benefit from safe-haven demand.

Meanwhile, Trump on Wednesday called Federal Reserve Chair Jerome Powell "terrible" and said he has three or four people in mind as contenders for the top job.

The Wall Street Journal reported that Trump may replace Powell as early as September or October.

Oil prices LCOc1, CLc1 steadied, while safe-haven gold XAU= edged higher on a weaker U.S. dollar. Meanwhile, copper prices CMCU3 jumped to their highest in nearly three months on Thursday. O/R GOL/ MET/L

In company news, Brookfield Asset Management BAM.TO said it would sell its Australian retirement home operator Aveo to The Living Company for A$3.85 billion ($2.5 billion).

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report .TO

Canadian dollar and bonds report CAD/ CA/

Reuters global stocks poll for Canada EQUITYPOLL1, EPOLL/CA

Canadian markets directory CANADA

(Reporting by Sukriti Gupta and Twesha Dikshit in Bengaluru; Editing by Leroy Leo)

((Sukriti.Gupta@thomsonreuters.com;))

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