CANADA STOCKS-Futures indicate higher open

Wed Jan 7, 2015 7:26am EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Jan 7 (Reuters) - Canada's main stock index was poised to open higher on Wednesday with stock futures for the March quarter on the S&P TSX index up 0.23 percent at 7.15 a.m. ET.

Trade Balance data is due at 8:30 a.m. ET.

Canada's main stock index dropped to its lowest in nearly 3 weeks on Tuesday as oil prices plunged on renewed concerns about a global supply glut, helping push down shares of energy producers.

Dow Jones Industrial Average e-mini futures were up 0.57 percent at 7.15 a.m. ET, while S&P 500 e-mini futures were up 0.64 percent and Nasdaq 100 e-mini futures were up 55 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)

TOP STORIES

Republican senators kicked off the new U.S. Congress with legislation to approve the Keystone XL pipeline to bring oil from Canada, but the White House promptly threatened a veto.

Despite weak metal markets, Seabridge Gold Inc's chief executive is optimistic the company will find a partner this year to help fund and build its $5 billion KSM mine project, one of the world's biggest undeveloped gold and copper deposits.

COMMODITIES AT 7.15 a.m. ET   Continued...