TSX futures drop amid rise in oil prices; U.S. midterm elections ahead
In short
Market futures tracked downward despite stronger crude markets that typically bolster the resource-heavy Canadian exchange. Contracts tied to the TSX recorded declines while underlying petroleum commodities moved in the opposite direction. The lack of support from energy gains left broader market indicators trading in negative territory.
Key points
- Canadian stock futures slipped into negative territory during recent market sessions.: Canadian stock futures slipped into negative territory during recent market sessions.
- Higher oil prices did not lift Canadian market futures into positive territory.: Higher oil prices did not lift Canadian market futures into positive territory.
- Movement in energy commodities diverged from the immediate direction of TSX futures.: Movement in energy commodities diverged from the immediate direction of TSX futures.