Morning Minutes

Mixed Markets Await Tuesday Inflation Numbers

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Shrugging off an overnight decline in Asia Pacific trading, US index futures are up 0.2% to 0.6% this morning while in Europe, the Dax is up 0.5% and the FTSE is up 0.4%. Commodity markets are mixed with WTI Crude Oil down 0.6% and Copper up 0.6%.

It’s a quiet morning for business news leaving investors to focus on economic and earnings reports scheduled for later in the week. Tomorrow brings US consumer prices, Wednesday features US retail sales, and Thursday leads with US producer prices, housing starts and industrial production. Inflation data is also due from Canada and the UK this week.

We are in the later stages of earnings season with reports dominated by smaller companies but there are still a few big cap companies on both sides of the border of interest this week. Headliners include: Suncor Energy, Restaurant Brands, Coca-Cola and AirBNB on Tuesday, Cisco Systems, Kraft Heinz, Shopify, Manulife Financial, and Barrick Gold on Wednesday, Canadian Tire and more gold producers Thursday wrapping up with Air Canada and Deere on Friday.  

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Colin Cieszynski, Chief Market Strategist

Colin Cieszynski, CFA, CMT
Chief Market Strategist
ccieszynski@siawm.com
+1 (647) 282-4428

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