CANADA STOCKS-Futures flat as investors await OPEC pact details

Thu Sep 29, 2016 7:32am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Sept 29 (Reuters) - Stock futures for Canada's main stock exchange were little changed on Thursday as investors awaited more clarity on a surprise output cut agreement by OPEC to rebalance a glut.

The Organization of Petroleum Exporting Countries (OPEC) agreed on modest output cuts on Wednesday, in the first such move since 2008, with Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.

December futures on the S&P TSX index were up 0.04 percent at 7:15 a.m. ET.

Canada's main stock index rose more than 1 percent on Wednesday as energy stocks soared on a deal by major oil producers to limit output, while the financials and materials groups also gained ground.

Dow Jones Industrial Average e-mini futures were down 0.02 percent at 7:15 a.m. ET. S&P 500 e-mini futures were down 0.05 percent and Nasdaq 100 e-mini futures were down 0.09 percent.

(Morning News Call newsletter ; The Day Ahead newsletter


Blackberry Ltd : Macquarie raises target price to $8.5 from $7   Continued...