March futures on the S&P/TSX index were up 0.2% by 0702 a.m. ET on Tuesday.
Traders await December manufacturing data for clues on the state of the economy, after factory activity weakened for a fourth straight month in November. The data is due at 0930 a.m. ET.
The Toronto Stock Exchange's S&P/TSX composite index ended 2022 in the red, a year marred by tighter monetary policy, the Russia-Ukraine war and fears of a recession. [.TO]
Global markets climbed thanks to a sharp bounce in European stocks, though warnings of a tough year ahead for the global economy by the International Monetary Fund limited gains. [MKTS/GLOB]
Spot gold prices jumped to a more than a six-month high after ending a volatile 2022 largely unchanged. [GOL/]
Investors also await minutes from the U.S. Federal Reserve's meeting in December, expected on Wednesday, to gauge the trajectory of further monetary policy tightening by the central bank.
Among single stocks, Shopify Inc launched a product that would allow companies to customize tools and components required to build their online store, ramping up its efforts to attract big retailers. [L4N33O1M2]
Canadian markets were shut on Monday for New Year holiday.
COMMODITIES AT 7:02 a.m. ET
Gold futures: $1,837.7; +0.6% [GOL/]
US crude: $79.12; -1.4% [O/R]
Brent crude: $84.68; -1.4% [O/R]
U.S. ECONOMIC DATA DUE ON TUESDAY
S&P Global PMI Data for Dec
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report [.TO]
Canadian dollar and bonds report [CAD/] [CA/]
Reuters global stocks poll for Canada
Canadian markets directory
($1= C$1.3)
(Reporting by Johann M Cherian and Shristi Achar in Bengaluru; Editing by Vinay Dwivedi)
