Futures linked to Canada's main stock index edged higher on Friday as investors awaited key U.S. employment data and assessed ongoing volatility in the global bond market. By 06:09 ET, the S&P/TSX 60 index standard futures contract had risen by 5 points, or 0.2%, after the S&P/TSX composite index finished down 0.2% at 35,154.76 on Thursday, its lowest close since July 20. U.S. futures also rose, with Dow futures up 200 points, or 0.4%, S&P 500 futures up 32 points, or 0.4%, and Nasdaq 100 futures up 215 points, or 0.7%, while Brent crude fell 2.4% to $99.83 a barrel. September nonfarm payrolls are expected to show 89,000 jobs added versus 162,000 in August, with the unemployment rate seen at 4.1%, as Dallas Fed President Lorie Logan said rates will need to rise by at least 50 basis points to curb sticky inflation. Nike shares slumped more than 10% in premarket U.S. trading after the company outlined plans to cut more jobs and overhaul its global divisions, and said revenue is expected to drop in the high single digit in fiscal 2027 against analysts' projections for a decline of around 2%.
Nike IncNike outlined job cuts, a global division overhaul, and a high-single-digit fiscal 2027 revenue decline versus ~2% expected.
NVIDIA CorporationDallas Fed President Logan said rates need to rise at least 50bp to curb sticky inflation, pushing the 10Y yield up.
