CANADA STOCKS-Futures rise on Greece optimism

Mon Jun 22, 2015 7:32am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

June 22 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Monday, lifted by a wave of optimism after a new Greek offer for a cash-for-reforms deal.

The new offer raised hopes of an agreement as euro zone leaders prepared for an emergency summit on Monday, with EU officials welcoming the proposals as a "good basis for progress" to avert a default by Athens.

September futures on the S&P TSX index were up 0.31 percent at 7:15 a.m. ET.

No major economic events are scheduled for the day.

Canada's main stock index fell to its lowest close since mid-January on Friday as disappointing domestic retail sales data added to the market's anxiety over the Greek debt crisis.

Dow Jones Industrial Average e-mini futures were up 0.71 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.75 percent and Nasdaq 100 e-mini futures were up 0.84 percent. (Morning News Call newsletter; The Day Ahead newsletter


Telus Corp and Rogers Communications Inc are looking to acquire wireless telecommunications provider Mobilicity, and the Canadian government is expected to approve a deal with one of the suitors, the Globe and Mail reported, citing copies of two opinion letters obtained from Industry Canada.

U.S. hedge fund Livermore Partners is pushing for change at Canadian energy producer Zargon Oil and Gas Ltd, calling for cost reductions, a dividend cut and an improvement in production.   Continued...