CANADA STOCKS-Futures rise after oil prices gain

Thu Apr 21, 2016 7:38am EDT
 
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April 21 (Reuters) - Stock futures pointed to a higher start for Canada's main stock index on Thursday as oil prices rose after the International Energy Agency suggested the supply glut could ease this year.

June futures on the S&P TSX index were up 0.22 percent at 7:15 a.m. ET.

Oil prices rose after IEA chief Fatih Birol said 2016 would see the biggest fall in output by non-OPEC producers.

He said low oil prices had cut investment by about 40 percent in the past two years, with sharp falls in the United States, Canada, Latin America and Russia.

No major economic events are scheduled for the day.

Canada's main stock index rose on Wednesday to a near six-month high, led by financial sector and energy stocks after oil turned higher.

Dow Jones Industrial Average e-mini futures were up 0.06 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.06 percent and Nasdaq 100 e-mini futures were up 0.01 percent.

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

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