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

Global shares steadied ahead of U.S. price data that investors are banking on to show a renewed moderation in inflation, which could reinforce market bets on a Federal Reserve rate cut as early as September.Annual growth in the Fed’s favoured core index on Friday is expected to slow to 2.6 per cent in May, the lowest in more than three years.

Overseas, the pan-European STOXX 600 was up 0.51 per cent in morning trading. Britain’s FTSE 100 rose 0.52 per cent, Germany’s DAX gained 0.64 per cent and France’s CAC 40 added 0.73 per cent. Brent crude futures slipped 15 US cents to US$85.39 a barrel, after settling down 0.6 per cent on Friday. West Texas Intermediate crude futures were at US$80.86 a barrel, up 13 US cents.

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