Wall Street futures were flat early Friday as traders await a key reading on U.S. inflation. Major European markets were positive.In the early premarket period, Dow, S&P and Nasdaq futures all hovered near break even. On Thursday, all three saw gains and are on track for a positive week. Canada’sended Thursday up 0.52 per cent. The index is up nearly 2 per cent for the week heading into Friday’s session.
On the corporate side, all eyes are on Ottawa with an expected decision on the Rogers’ $20-billion takeover of Shaw.planning to approve Overseas, the pan-European STOXX 600 was up 0.21 per cent in morning trading. Britain’s FTSE 100 gained 0.13 per cent. Germany’s DAX and France’s CAC 40 rose 0.19 per cent and 0.35 per cent, respectively.CommoditiesThe day range on Brent was US$78.54 to US$79.43 in the early premarket period. The range on West Texas Intermediate was US$73.77 to US74.67. So far this week, Brent is up about 5 per cent while WTI is up about 7 per cent.
“While some consequences of much higher interest rates will be obvious, others will be much harder to foresee and that brings downside risks for growth.” Next week, the OPEC+ group meets but markets are widely expecting the group to stick to current production plans.
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