TSX futures little changed as markets await US inflation data
(Reuters) -Futures linked to Canada's main stock index were nearly flat on Wednesday as investors exercised caution ahead of a crucial U.S. inflation report and weighed the latest developments from U.S.-China trade talks.
June futures on the S&P/TSX index were down 0.08% at 05:33 a.m. ET (09:33 GMT).
Markets remained on edge ahead of May's U.S. inflation data, with investors watching closely for signs that U.S. tariffs have begun filtering into the economy.
Late on Tuesday, U.S. and Chinese officials ended two days of trade negotiations in London with pledges to revive an agreement struck last month in Geneva and remove China's export restrictions on rare earths - a sticking point in that deal.
The new agreement will be taken back to the leaders of the two countries for approval.
Global markets responded cautiously to the development, reflecting that while the talks ended in a truce, investors had hoped for more substantial progress.
Among commodities, gold prices rose, while oil and copper prices eased.
Canada's main stock index finished Tuesday just shy of its record closing high as investors welcomed signs of economic resilience and potential progress in U.S.-China trade relations.
In corporate news, professional services company WSP Global said on Wednesday that it would acquire British environmental and engineering consulting firm Ricardo for about 363.1 million pounds ($489.6 million) including debt.
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