Futures contracts on the S&P 500 fluctuated in a narrow range after the gauge notched its first back-to-back losses in nearly four weeks. Economic bellwether FedEx Corp. tumbled in extended U.S. trading after its outlook fell short of analyst consensus estimates on weakened demand.
“The BOE is still not able to get a control on the underlying pressures,” said Pooja Kumra, senior European rates strategist at Toronto Dominion Bank. “A key risk for markets is whether Powell provides any conditions for the FOMC getting back to their hiking cycle after a pause in June.”
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BNN Bloomberg - Canadian Business News, TSX Today, interest rates and Bank of Canada coverageWhile the overall level of future volatility has come down, it is still elevated and now covers the seasonally weak September-October period, which is always something to consider, Larry Berman writes for
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