News headlines

U.S. Futures Rise as Stocks Mixed; Dollar Edges Up: Markets Wrap (Bloomberg) U.S. equity-index futures rose on Monday while stocks drifted in Europe and declined in Asia as investors struggled to interpret the latest developments in the trade rivalry between the world’s two largest economies. Treasuries and European bonds slipped.

CANADA STOCKS-TSX futures up as investors shrug off fresh trade jitters (Reuters) Futures for Canada’s main index were slightly higher on Monday, as investors shrugged off reports that Washington is considering delisting Chinese companies from U.S. stock exchanges.

Oil Set for Quarterly Loss as Saudi Strike Offset by Demand Fear (Bloomberg) Oil headed for its worst quarter since late last year as fears over the global economy and fuel demand overshadowed this month’s unprecedented attack on Saudi Arabia’s energy facilities.

On U.S. delisting threat, China says ‘decoupling’ would harm both sides (Reuters) China warned on Monday of instability in international markets from any “decoupling” of China and the United States, after sources said the Trump administration was considering delisting Chinese companies from U.S. stock exchanges.

Third quarter could mark turning point in U.S. profit cycle (Reuters) As investors prepare for U.S. corporations to report financial results next month, they could look past recent sluggish growth and find comfort as earnings look set to rebound after the third quarter.

Morgan Stanley turns bearish on EM currencies (Reuters) Morgan Stanley said on Monday it had turned bearish on emerging market currencies and entered a long position in U.S. dollar-South African rand as well as buying five-year credit default swaps for Brazil and Colombia.

Households helped to limit hit to UK economy as it shrank in second quarter – ONS (Reuters) Households helped to limit the damage to Britain’s economy as it shrank in the second quarter ahead of Brexit, according to new data that also showed their financial health was less fragile than previously thought.

Trump officials play down reports of China investment limits (BNN) The Trump administration has issued a partial — and qualified — denial to the revelation that it is discussing imposing limits on U.S. investments in Chinese companies and financial markets as China vowed to continue opening its markets to foreign investment.

Market Overview: US 10yr note futures are down -0.156% at 130-06, S&P 500 futures are up 0.31% at 2973, Crude oil futures are down -1.07% at $55.31, Gold futures are down -0.96% at $1492, DXY is up 0.19% at 99.296, CAD/USD is down -0.04% at 0.7552.

Cda BenchmarksYieldTsy BenchmarksYield
2 Year1.581%2 Year1.642%
5 Year1.414%5 Year1.572%
10 Year1.379%10 Year1.692%
30 Year1.562%30 Year2.141%

US Economic Data

09:45 AMMNI Chicago PMI, Sep  Survey: 50.0  Prior: 50.4
10:30 AMDallas Fed Manf. Activity, Sep  Survey: 1.0  Prior: 2.7

Canadian Economic Data

08:30 AMIndustrial Product Price MoM, Aug  Survey: -0.50%  Prior: -0.30%
         Raw Materials Price Index MoM, Aug  Survey: -1.50%  Prior: 1.20%

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