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Energy Stocks Expected to Boost TSX

Oil prices are expected to rise today on speculation that reserves, particularly in the US, declined this month. The increase is expected to lift Canada’s main stock exchange – the TSX – in Toronto.

US futures however, point to a negative open with the Dow industrial futures down 19 points to 9,663, the Nasdaq futures slipped 2.5 points to 1,732 while the S&P 500 futures lost 2.7 points to 1,021.5.

Source: The Canadian Press

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May
24
Today’s Global
Market Events
8:30am

CAD
Corporate Profits q/q
9.0%
USD
Core Durable Goods Orders m/m
1.1% vs. -0.8%
USD
Unemployment Claims
372K vs. 370K
USD
Durable Goods Orders m/m
0.5% vs. -4.0%
9:00am

EUR
ECB President Draghi Speaks
EUR
Belgium NBB Business Climate
-10.6 vs. -10.7
10:30am

USD
FOMC Member Dudley Speaks
USD
Natural Gas Storage
77B vs. 61B
1:00pm

USD
FOMC Member Dudley Speaks
3:00pm

USD
Treasury Sec Geithner Speaks
7:30pm

JPY
Tokyo Core CPI y/y
-0.5% vs. -0.5%
JPY
National Core CPI y/y
0.1% vs. 0.2%