CANADA STOCKS-Futures rise as oil recovers; Fed remains in focus

Tue Dec 15, 2015 7:50am EST
 
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Dec 15 (Reuters) - Stock futures pointed to a higher start for Canada's main stock index on Tuesday as crude oil prices recovered from multi-year lows and investors braced for the U.S. Federal Reserve's interest rate decision this week.

The Fed, which begins its two-day policy meeting later in the day, is widely expected to raise interest rates for the first time in nearly a decade.

December futures on the S&P TSX index were up 0.52 percent at 7:30 a.m. ET.

Manufacturing sales data is due at 8:30 a.m. ET.

The Toronto Stock Exchange's S&P/TSX composite index fell to its lowest in more than two years on Monday, notching deep losses for mining stocks while energy shares weakened despite crude oil prices rebounding from near-11-year lows.

Dow Jones Industrial Average e-mini futures were up 0.83 percent at 7:30 a.m. ET, while S&P 500 e-mini futures were up 0.78 percent and Nasdaq 100 e-mini futures were up 0.60 percent.

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

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