CANADA STOCKS-TSX futures dip on geopolitical jitters; investors await US inflation data
May 28 (Reuters) - Futures tied to Canada's benchmark stock index dipped on Thursday as fresh tensions in the Middle East tempered hopes for a peace deal, while investors awaited the latest inflation figures in the United States.
June futures on the S&P/TSX index SXFcv1 fell 0.25% at 6:30 a.m. ET (10:30 a.m. GMT).
Iran targeted a U.S. air base on Thursday after the U.S. struck what Washington described as an Iranian drone operation near the Strait of Hormuz.
President Donald Trump also said he was unconcerned about the political fallout of an extended conflict.
Gold prices dropped to their lowest in nearly two months as fresh tensions revived concerns that inflation could spike further. The resource-heavy Canadian index is sensitive to moves in metals and energy.
Separately, investors will also be scrutinizing the U.S. Personal Consumption Expenditures report due later in the day.
The data often has implications for rate moves by the Bank of Canada.
Meanwhile, Royal Bank of Canada RY.TO, the largest lender in the country, reported higher second-quarter profit as market volatility boosted its trading business.
TD Bank TD.TO, the second-largest lender, also reported a jump in adjusted profit for the second quarter on higher interest income.
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report .TO
Canadian dollar and bonds report CAD/ CA/
Reuters global stocks poll for Canada EQUITYPOLL1, EPOLL/CA
Canadian markets directory CANADA
