CANADA STOCKS-TSX futures higher as oil prices rise

Tue Aug 9, 2016 7:35am EDT
 
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Aug 9 (Reuters) - Stock futures pointed to a higher start for Canada's main stock index on Tuesday as oil prices gained on expectations of a drop in U.S. inventories.

Total U.S. crude inventories were expected to fall by 1 million barrels in weekly reports, although market intelligence firm Genscape has reported a rise of more than 307,000 barrels at the Cushing, Oklahoma U.S. crude delivery hub, traders said.

September futures on the S&P TSX index were up 0.26 percent at 7:15 a.m. ET.

Canadian housing starts data is expected at 8:30 a.m. ET .

Canada's main stock index notched its highest close in more than a year on Monday as energy stocks jumped with rising oil prices amid improved risk sentiment and on speculation that OPEC would seek to restrain output.

Dow Jones Industrial Average e-mini futures were up 0.11 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.09 percent and Nasdaq 100 e-mini futures were up 0.13 percent.

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

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