CANADA STOCKS-Futures rise ahead of ECB meeting

Wed Jun 3, 2015 7:43am EDT
 
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June 3 (Reuters) - Stock futures pointed to a higher start for Canada's main stock index on Wednesday, taking positive cues from the European markets ahead of the European Central Bank's policy meeting.

The ECB will publish new forecasts that are expected to bolster signs that inflation is back on the rise. Focus will also be on its view on Greece and the sell-off in debt markets, which is neutralizing its bond-buying scheme.

June futures on the S&P TSX index were up 0.15 percent at 7:25 a.m. ET.

Statistics Canada is due to report trade balance data for April at 8:30 a.m. ET.

The Toronto Stock Exchange's S&P/TSX composite index rose on Tuesday as higher commodity prices helped many energy producers and mining companies.

Dow Jones Industrial Average e-mini futures were up 0.37 percent at 7:25 a.m. ET, while S&P 500 e-mini futures were up 0.40 percent and Nasdaq 100 e-mini futures were up 0.51 percent.

(Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)

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