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

Wall Street futures edged higher early Thursday as markets look to add to the previous session’s gains as a volatile month nears an end. Major European markets were higher.Futures tied to the Dow, S&P and Nasdaq were all in positive territory in the early premarket period. On Wednesday, all three saw gains with the Nasdaq rising 1.79 per cent while the Dow rose 1 per cent and the S&P 500 ended up 1.42 per cent. In Canada, thefinished Wednesday’s session 0.

On Thursday morning, markets will get the latest revision to to fourth-quarter GDP in the United States. The expectation is that the U.S. economy grew by 2.7 per cent in the final three months of the year. Last month, the figure was revised lower from 2.9 per cent to 2.7 per cent. Overseas, the pan-European STOXX 600 was up 0.98 per cent in morning trading. Britain’s FTSE 100 rose 0.64 per cent. Germany’s DAX and France’s CAC 40 gained 1.07 per cent and 1.11 per cent.Crude prices edged higher in early trading as a decline in U.S. inventories helped offset lower-than-targeted cuts to Russian crude production.

Crude inventories fell by 7.5 million barrels to 473.7 million barrels in the week to March 24. Analysts had been looking for an increase of about 100,000 barrels, according to a Reuters poll. The day range on the loonie was 73.62 U.S. cents to 73.91 US cents early Thursday morning. The dollar was near the upper end of that spread in the predawn period. The Canadian currency is up more than 1 per cent against the greenback over the last five days and has risen about 0.48 per cent over the past month.

Source: News Formal (newsformal.com)

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