CANADA STOCKS-Futures higher as oil prices rise

Fri Mar 4, 2016 7:48am EST
 
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March 4 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Friday as oil prices extended gains ahead of the monthly U.S. jobs data.

A Reuters poll of economists forecasts U.S. economy to have added 190,000 jobs last month, with the overall unemployment level staying at an eight-year low of 4.9 percent.

March futures on the S&P TSX index were up 0.33 percent at 7:30 a.m. ET.

Trade balance and labor productivity data are due at 8:30 a.m. ET and Ivey PMI at 10:00 a.m. ET.

Canada's main stock index hit a 2016 high on Thursday as energy stocks rose despite a petered out oil rally, and other resources stocks gained as commodity prices more generally reflected increased confidence in prospects for global growth.

Dow Jones Industrial Average e-mini futures were up 0.19 percent at 7:15 a.m. ET. S&P 500 e-mini futures were up 0.18 percent and Nasdaq 100 e-mini futures were up 0.33 percent.

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

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