CANADA STOCKS-Futures higher as oil prices rise

Mon Feb 29, 2016 7:37am EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Feb 29 (Reuters) - Canada's main stock index looked set to open slightly higher on Monday as oil prices gained on rising hopes the market has bottomed out.

March futures on the S&P TSX index were up 0.16 percent at 7:30 a.m. ET.

Current account and producer prices data are due at 8:30 a.m. ET.

Canada's main stock index rose on Friday, helped by gains in some major banks and energy companies and by a jump in shares of auto parts maker Magna International Inc, which reported strong European and North American demand.

Dow Jones Industrial Average e-mini futures were down 0.23 percent at 7:30 a.m. ET. S&P 500 e-mini futures were down 0.19 percent and Nasdaq 100 e-mini futures were down 0.34 percent.

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

TOP STORIES

Valeant Pharmaceuticals International said on Sunday that Chief Executive Officer Michael Pearson would return from medical leave effective immediately, and it postponed the release of its fourth-quarter results planned for Monday.   Continued...