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

Before the Bell: What every Canadian investor needs to know today S.R. SLOBODIAN PUBLISHED 1 HOUR AGO UPDATED 3 MINUTES AGO COMMENTS SHARE SAVE FOR LATER Listen to this article Learn more about audio Log in or create a free account to listen to this article. Equities Global markets fell after the previous session’s selloff amid concerns ‌that oil prices firmly above US$100 could deepen the energy shock and as global bond yields hit fresh highs. Wall Street futures were in the red ahead of the U.S. Federal Reserve’s interest rate call tomorrow. TSX futures followed sentiment lower. “Several weeks ago, there may not have been a strong ​reason to believe that crude would rally further, but there is ⁠now: Iran’s strategic military doctrine has shifted toward pre-emptive attack,” Thierry Wizman, global forex and rates ⁠strategist at Macquarie Group, said. “And the U.S. administration may have no choice but to move back to kinetic war after the ​mid-term elections,” he added. Overseas, the pan-European STOXX 600 was down 0.41 per cent in morning trading. Britain’s FTSE 100 slid 0.39 per cent, Germany’s DAX dropped 0.41 per cent and France’s CAC 40 declined 0.47 per cent. In Asia, Japan’s Nikkei closed little changed, while Hong Kong’s Hang Seng fell 1 per cent.    S&P 500 FUTURES 7,598.50-26.50 (-0.35%) DOW FUTURES 52,192.00-248.00 (-0.47%) TSX 60 FUTURES 2,090.10-10.20 (-0.49%) PAST DAY -0.35% -0.47% -0.49% CLOSE, SEPT. 14 6:01 A.M., SEPT. 15 SOURCE: BARCHART Commodities ​Oil prices extended gains after attacks on Saudi ​Arabian energy infrastructure left the kingdom’s East-West pipeline ‌offline, raising fears that damage to energy infrastructure and transport routes could take longer to repair. Brent crude futures rose 1.94 per cent to US$107.70 a barrel. West Texas ⁠Intermediate futures (WTI) ​were up 2.4 per cent to trade at US$103.80 a barrel. “Fresh attacks by the Houthis targeting Saudi Arabia may ​be influencing oil market investors’ expectations about the severity ‌and duration of the conflict,” said Hamad Hussain, senior climate and commodities economist at Capital Economics. In other commodities, spot gold as down 0.7 per cent to US$4,266.49 an ounce. U.S. gold futures fell 1 per cent to US$4,307.40. WTI US$103.32+2.25 (2.22%) HIGH GRADE COPPER US$6.38-0.01 (-0.20%) SPOT GOLD US$4,310.60-41.30 (-0.95%) PAST DAY 1.90% -0.41% -0.95% CLOSE, SEPT. 14 6:01 A.M., SEPT. 15 SOURCE: BARCHART Currencies and bonds The…