Athabasca Oil in focus
Stock futures pointed to a lower opening for
The S&P/TSX composite index moved lower 27.55 points, to close Tuesday at 15,187.71. Wednesday morning futures were down 0.01%.
The Canadian dollar dipped
Oil sands producer Athabasca Oil reported a bigger quarterly loss as it set aside
On the economic front, Statistics Canada reported this morning that merchandise exports rose 1.1% in June, while imports declined 1.8%. So,
Markets were in for a slightly rough ride this morning, as geopolitical concerns refused to go away, and a rush of earnings released predominated back home.
Ahead of the opening bell, futures for the Dow Jones Industrials dipped 59 points, or 0.4%, to 16,307. Futures for the S&P 500 faded 7.25 points, or 0.4%, to 1,905.75, and futures for the NASDAQ fell 22 points, or 0.6%, to 3,849.75.
Mergers - including one successful deal and a couple of others that evaporated - are dominating the news on
Walgreens said it will acquire Alliance Boots, as expected, for
Both media conglomerates report quarterly results Wednesday. Time Warner reported ahead of the opening bell with better than expected earnings. Fox is reporting after the close.
A tie-up between Sprint and T-Mobile US also seems to be off the table, according to the
Apple and Samsung have called a truce on all their non-U.S. patent disputes. Investors may react favorably to this latest development, though the tech giants are still pursuing litigation in the States.
All the major U.S. indices fell during the previous trading session, with much of the drop blamed on renewed concerns about geopolitical tensions with
European markets were all declining in early trading.
German factory orders fell 3.2% in June, against expectations for a small rise. The government blamed "geopolitical developments and risks" for the slump.
Meanwhile, nearly all Asian markets ended the day with losses.
Oil prices gained
Gold prices tallied
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