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

Wall Street futures were down early Monday morning with traders looking ahead to remarks tomorrow from Federal Reserve chair Jerome Powell. Major European markets were negative.futures were weaker with Bank of Canada Governor Tiff Macklem also scheduled to speak on Tuesday.

Canada’s major economic release comes on Friday with a reading on hiring in January from Statistics Canada. Overseas, the pan-European STOXX 600 was down 1.03 per cent in morning trading. Britain’s FTSE 100 slid 0.94 per cent. Germany’s DAX and France’s CAC 40 were off 1.17 per cent and 1.49 per cent, respectively.Commodities

Speaking on the weekend, IEA Executive Director Fatih Birol said China’s recovery remains a driver for oil prices. Meanwhile, price caps on Russian energy products took effect on Sunday with the G7, EU and Australia agreeing on caps of US$100 per barrel on diesel and other products that trade at a premium to crude, and US$45 per barrel for products that trade at a discount, such as fuel oil, Reuters reported.

Source: News Formal (newsformal.com)

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