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S&P/TSX Composite Index

15,477.00 real time data change down
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Change: -75.06 (-0.48%)

S&P/TSX Venture Composite Index

789.24 real time data change down
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Change: -8.17 (-1.02%)
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10:07 AM EST, December 27, 2017
Futures Flat as Markets Get Back into Swing

Futures for Canada's main stock index were little changed on Wednesday even as oil prices fell after hitting a near two-and-a-half year high in the previous session.

The S&P/TSX Composite Index faded 17.36 points to close Friday at 16,165.27, the last session before Christmas.

The Canadian dollar galloped 0.33 cents to 79.14 cents U.S. Wednesday morning.

March futures inched up 0.02% Wednesday.

British serviced office provider IWG Plc has received a bid approach from Canadian private equity firm Onex and Brookfield Asset Management, the company said on Wednesday.

ON BAYSTREET

The TSX Venture Exchange recovered 6.16 points Friday to 802.43

ON WALLSTREET

U.S. stock index futures are pointing to a slightly higher open on Wednesday, as investors gear up for the latest in economic data as the year draws to a close.

Futures for the Dow Jones Industrials picked up two points to 24,790

S&P 500 futures improved 2.75 points, or 0.1%, to 2,689.75, while futures on the NASDAQ Composite index moved up 7.25 points, or 0.1%, to 6,467.25

This week, markets opened back up following the festive holiday break. U.S. stocks finished Tuesday lower, as shares of tech giant Apple tumbled.

Shares of the U.S. technology giant posted their worst day since August on Tuesday, following a report from Taiwan's Economic Daily newspaper, which cited unidentified sources, that Apple would be slashing its sales forecast for the iPhone X in the quarter to 30 million units.

Consequently, investors will be paying close attention to the stock on Wednesday, as well as the moves in Apple suppliers.

Investors stateside will be turning their attention to the data space. At 7 a.m. ET, the routine mortgage applications were due out, followed by consumer confidence and pending home sales, both of which are set to be released at 10 a.m. ET.

Meantime at 10:30 a.m. ET, the Dallas Fed's Texas service sector outlook survey is expected to be released.

No earnings are expected to be published.

Overseas, Japan's Nikkei 225 eked up 0.1%. In Hong Kong, the Hang Seng Index was also up 0.1%

Oil prices dipped 44 cents to $59.53 U.S. per barrel.

Gold prices gained $1.30 to $1,288.80 U.S. an ounce.



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