TSX futures edge higher ahead of U.S. China summit
TSX futures rose 0.4% as investors watch the U.S.-China summit and Middle East tensions. Oil prices rose as Canadian Tire reported strong quarterly profits.
S&P/TSX June futures rose 0.4% on May 14 as investors monitored geopolitical developments in the Middle East and a high-stakes trade summit. The advance follows a decline in the S&P/TSX Composite Index during the previous afternoon, led by weakness in financial and technology shares. Investors are weighing commodity price stability against diplomatic efforts to resolve the conflict between the United States and Iran.
### Geopolitics and Commodity Stability Markets are focused on a meeting where U.S. President Donald Trump is expected to ask China to assist in ending the war in Iran. This comes as the Iranian foreign minister called on BRICS nations to condemn actions by the U.S. and Israel. Oil prices edged higher during the morning as traders looked for signs of a diplomatic resolution.
