CANADA STOCKS-TSX futures edge up as crude prices rise

Thu Nov 24, 2016 7:33am EST
 
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Nov 24 (Reuters) - Stock futures pointed to a slightly higher opening for Canada's main stock index on Thursday as oil prices rose ahead of a planned OPEC-led crude production cut, potentially together with non-OPEC member Russia.

December futures on the S&P TSX index were up 0.21 percent at 7:15 a.m. EST (1215 GMT).

Sharp losses among gold miners weighed heavily on Canada's main stock index on Wednesday as the precious metal slid to a nine-month low, with the falls offsetting solid gains for heavyweight banks and more subdued rises across most other sectors.

Dow Jones Industrial Average e-mini futures were up 0.08 percent at 7:15 a.m. EST, while S&P 500 e-mini futures were up 0.07 percent and Nasdaq 100 e-mini futures were up 0.02 percent.

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

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The world's listed oil companies have slashed oil output by 2.4 percent so far this year during one of the industry's worst downturns as OPEC battles to agree on its first production cut since 2008.

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