CANADA STOCKS-Futures rise as oil jumps over 2 pct

Tue Jan 3, 2017 7:28am EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Jan 3 (Reuters) - Canadian stock futures pointed to a higher opening for the main stock index on the first trading of the year, as oil prices jumped over 2 percent.

Oil prices gained on Tuesday as markets hoped the deal between the OPEC and non-OPEC producer countries, which took effect on Sunday, will reduce global supply glut concerns.

March futures on the S&P TSX index were up 0.69 percent at 7:15 a.m. ET.

Markit Manufacturing PMI data is due at 9:30 a.m. ET.

Canada's main stock index fell broadly on the last trading day of the year on Friday, but logged an overall robust annual gain.

Dow Jones Industrial Average e-mini futures were up 0.77 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.8 percent and Nasdaq 100 e-mini futures were up 0.85 percent.

(Morning News Call newsletter here ; The Day Ahead newsletter here)

ANALYST RESEARCH HIGHLIGHTS   Continued...