Futures tied to Canada’s main stock index fell on Tuesday as tensions escalated between Russia and Ukraine, after President Vladimir Putin updated nuclear doctrine, weighed on risk assets globally.
The TSX gained 86.26 points to close Monday at 24,976.94.
December futures retreated 0.4% Tuesday.
The Canadian dollar let go of 0.003 cents to 71.31 cents U.S.
Investors around the globe were concerned after Vladimir Putin approved a new nuclear doctrine, warning Russia would consider a nuclear strike if it was subject to a conventional missile assault supported by a nuclear power.
In matters economic Tuesday, Statistics Canada reported its Consumer Price Index rose 2.0% on a year-over-year basis in October, up from a 1.6% increase in September. On a seasonally adjusted monthly basis, the CPI rose 0.3% in October.
ON BAYSTREET
The TSX Venture Exchange improved 2.95 points Monday to 594.17.
ON WALLSTREET
Stock futures were lower early Tuesday as geopolitical tensions weighed on sentiment, while investors awaited key earnings from retailers and chipmaker Nvidia this week.
Futures for the Dow Jones Industrials plummeted 228 points, or 0.5%, to 43,312.
Futures for the S&P 500 slipped 15.75 points, or 0.3%, to 5,904.25
Futures for the NASDAQ Composite Index fell 23.75 points, or 0.4%, to 20,609.75.
Those declines come after Russian President Vladimir Putin warned the U.S. on Tuesday that the threshold for the use of nuclear weapons had lowered. Under the new doctrine, Russia would consider using such weaponry if it — or allies — were met with “with the use of conventional weapons that created a critical threat to their sovereignty and (or) their territorial integrity.”
The new stance comes after President Joe Biden allowed Ukraine to use U.S. weapons to strike inside Russia. Bloomberg News also reported.
Nvidia is also set to post its latest quarterly figures Wednesday. Eyes will be on how much demand the company signals for its Blackwell AI chips.
About 93% of S&P 500 companies have reported quarterly results so far, with three-quarters exceeding expectations and more than 60% beating revenue estimates
In Japan, the Nikkei 225 gained 0.5% Tues, while in Hong Kong, the Hang Seng moved forward 0.4%.
Oil prices lost 45 cents to $68.31 U.S. a barrel.
Gold prices gained $19.40 to $2,634 U.S. an ounce.
