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 YESTERDAY 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 were on the rise as investors bet the U.S. Federal Reserve is finally getting the jump on inflation, delivering its first rate hike in more than three years and calming a global bond selloff that had sent long-term yields soaring. Wall Street futures were in positive territory after major North American markets closed down yesterday. TSX futures followed sentiment higher. Tai Hui, APAC chief market strategist at JPMorgan Asset Management, said investors would need to reassess the valuations for assets especially tech stocks if the Fed remained hawkish going into 2027. “We think the chance of U.S. policy rates returning to above 5 per cent is still limited. Nonetheless, a catalyst to extend the equity bull market is looking unlikely in the foreseeable future,” he added. Overseas, the pan-European STOXX 600 was up 0.86 per cent. Britain’s FTSE 100 rose 0.8 per cent, Germany’s DAX advanced 0.87 per cent and France’s CAC 40 climbed 0.73 per cent. In Asia, Japan’s Nikkei closed 0.33 per cent higher, while Hong Kong’s Hang Seng declined 0.44 per cent.    S&P 500 FUTURES 7,721.00+12.00 (0.16%) DOW FUTURES 52,103.00-117.00 (-0.22%) TSX 60 FUTURES 2,103.80-9.80 (-0.46%) PAST DAY 0.18% -0.22% -0.46% CLOSE, SEPT. 17 4:01 P.M., SEPT. 18 SOURCE: BARCHART Commodities Oil prices fell on reports of Saudi Arabia offering extra crude cargoes through Oman, which reduced fears of supply disruptions, but stayed above US$100 on concerns about the Middle East conflict expanding. Brent crude futures dropped 3.5 per cent to US$102.10 a barrel. West Texas Intermediate (WTI) futures were down 2.66 per cent at US$99.71 a barrel. “Concerns over supply tightness eased slightly following news that Saudi Arabia would ship cargo via Oman,” said Hiroyuki Kikukawa, chief strategist of Nissan Securities Investment, a unit of Nissan Securities. “Expectations of progress toward easing tensions in the Middle East ahead of the U.S.-China summit next week are also capping price gains,” he added. In other commodities, spot gold was up 1.8 per cent at US$4,339.53 an ounce. U.S. gold futures for December delivery were down 0.2 per cent to US$4,379.30. HIGH GRADE COPPER US$6.72+0.06 (0.84%) SPOT…