Before the Bell: What every Canadian investor needs to know today

World markets were lower today after U.S. bond yields neared a four-week peak, pressuring stocks, as data cast new doubts about the timing and extent of Federal Reserve rate cuts.in a U.S. consumer confidence measure for May has kept the market guessing about the strength of the economy and sticky inflationary pressures.

Overseas, the pan-European STOXX 600 fell for a second day, down 0.42per cent in morning trading. Britain’s FTSE 100 slipped 0.28 per cent, Germany’s DAX dropped 0.46 per cent and France’s CAC 40 gave back 0.65 per cent. “The onset of the summer driving season in the U.S. spurs a seasonal uptick in consumption and typically aids a positive momentum in crude oil prices,” said Sugandha Sachdeva, founder of Delhi-based research firm SS WealthStreet.

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