TSX Futures Flat Amid Rising Middle East Tensions
Canadian stock futures held steady on Wednesday as renewed hostilities in the Middle East dampened investor sentiment. While rising oil prices supported energy prospects, a stronger dollar weighed on gold and silver after the TSX Composite Index reached a record high above 35,000 in the previous session.
S&P/TSX index futures rose 0.03% early Wednesday as escalating Middle East hostilities pressured global risk sentiment. The marginal gain follows the benchmark index hitting a record high above 35,000 during the previous afternoon. The renewed regional instability threatens to disrupt global energy supplies and offset positive domestic corporate developments.
### Middle East Tensions Drive Oil Higher The United States military reported it thwarted missile attacks from Iran targeting Bahrain and Kuwait on Wednesday. Oil prices rose more than 2% following the report, as diplomatic talks between Tehran and Washington showed no progress.
