News headlines
U.S. Stock Futures Advance Amid Bets on Easing: Markets Wrap (Bloomberg) U.S. stock-index futures climbed with equities in Asia as traders weighed a series of fresh stimulus moves expected from the world’s central banks. Shares fluctuated in Europe, where bonds slipped alongside Treasuries.
TSX futures tick up on rising crude prices (Reuters) Futures for Canada’s main stock index edged up on Monday, following a rise in oil prices after Saudi Arabia’s new energy minister confirmed his country’s commitment to OPEC-led crude supply cuts.
China’s exports unexpectedly shrink as U.S. tariffs bite (BNN) China’s exports unexpectedly contracted in August, with sales to the U.S. tumbling amid the escalating trade war between the two nations.
Oil Rises as New Saudi Minister Signals OPEC+ Cuts to Continue (Bloomberg) Oil rose for a fourth day after Saudi Arabia’s new energy minister signaled that OPEC and its allies will continue with production cuts as the group prepared to gather in Abu Dhabi.
Japan downgrades second-quarter GDP as trade war hits business investment (Reuters) Japan’s economy grew at a slower pace than initially estimated in the second quarter as the U.S.-China trade war prompted a downward revision of business spending, intensifying calls for the central bank to deepen stimulus this month.
Time for shock and awe: Five questions for the ECB (Reuters) This week’s European Central Bank meeting is shaping up as one of the most anticipated in years as the central bank gears up to boost a frail economy with a series of stimulus measures.
As China trade war escalates, 2020 U.S. Democrats scramble over their message (Reuters) The growing economic fallout from President Donald Trump’s drawn-out trade war with China would appear to be a ready-made opportunity for Democratic presidential contenders seeking to blunt his central 2020 re-election pitch: That he has made the economy great again.
UK economy shows unexpected strength in July, dampening recession fears (Reuters) Britain’s economy picked up more than expected in July, data showed on Monday, dampening fears that it will succumb to its first recession since the financial crisis as the Brexit crisis escalates.
Market Overview: US 10yr note futures are down -0.238% at 131-02, S&P 500 futures are up 0.32% at 2990.25, Crude oil futures are up 0.64% at $56.88, Gold futures are up 0.3% at $1520, DXY is down -0.08% at 98.319, CAD/USD is down -0.09% at 0.7602.
| Cda Benchmarks | Yield | Tsy Benchmarks | Yield |
| 2 Year | 1.517% | 2 Year | 1.561% |
| 5 Year | 1.351% | 5 Year | 1.456% |
| 10 Year | 1.306% | 10 Year | 1.589% |
| 30 Year | 1.524% | 30 Year | 2.065% |
US Economic Data
| 03:00 PM | Consumer Credit, Jul Survey: $16.000b Prior: $14.596b |
Canadian Economic Data
| 10:00 AM | Bloomberg Nanos Confidence, Sep 6 Survey: — Prior: 56.4 |
Disclosure and Disclaimer
The following sources of information have been, or may have been, used partially or in their entirety to compile the herein provided CTI Capital Securities Inc. (“CTI Capital”) ‘Morning Comments.’ CTI Capital believes these sources to be generally reliable, however, as said sources are varied and from third parties, CTI Capital cannot guarantee the accuracy or completeness of said information: Canadian Press (CP); Bloomberg News (BN); Wall Street Journal (WSJ); Stone & McCarthy Research Associates (SMRA); New York Times (NYT); Financial Times (FT); Market News International (MNI); Globe and Mail; Associated Press (AP); CNW Group (CNW); Reuters; Business News Network (BNN); Market Watch; and others.
Ivan Greenstein, Stephan Buu, Émile Bordeleau
Institutional Bond and Equity Desk
CTI Capital Valeurs Mobilières Inc.
Tel : (514)-861-0240
Fax: (514)-861-3230
Institutional Bond and Equity Desk
CTI Capital Valeurs Mobilieres Inc.
Tel : (514)-861-0240
Fax: (514)-861-3230