CANADA STOCKS- TSX futures rise after U.S. Fed raises rates

Thu Dec 15, 2016 7:33am EST
 
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Dec. 15 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Thursday a day after the U.S. Federal Reserve hiked interest rates and signaled a faster pace of increases in 2017.

The Fed's decision to raise rates comes as U.S. President-elect Donald Trump, who will be sworn in next month, is seen cutting taxes and increasing spending on infrastructure.

December futures on the S&P TSX index were up 0.12 percent at 7:15 a.m. ET.

Manufacturing sales for October is due at 8:30 a.m. ET

Canada's main stock index fell the most in one month on Wednesday, retreating from a 19-month high the previous day, with resource shares leading a broad-based sell-off as oil and gold fell after the U.S. rate hike.

Dow Jones Industrial Average e-mini futures were up 0.1 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.02 percent and Nasdaq 100 e-mini futures were down 0.08 percent.

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

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