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

Global markets were mostly negative as traders awaited key inflation data and the beginning of France’s electoral vote.TSX futures pointed up.

“No one’s really going to be wanting to take any large positions ahead of tomorrow’s inflation data,” said Fiona Cincotta, senior markets analyst at City Index. In Asia, Japan’s Nikkei closed down 0.82 per cent, while Hong Kong’s Hang Seng declined 2.06 per cent.Oil prices dipped on Thursday on a surprise build in U.S. stockpiles, though declines were capped by worries over a potential expansion of war in the Middle East.

“But the market is in a tug-of-war situation, underpinned by the prospect that an escalation in the battle between Israel and Hezbollah may hinder supply,” he added.The Canadian dollar gained on its U.S. counterpart.

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