CANADA STOCKS-TSX futures rise on French vote relief, Trump tax talk

Tue Apr 25, 2017 7:44am EDT
 
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April 25 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Tuesday on growing confidence that the market-friendly Emmanuel Macron would beat far-right rival Marine Le Pen to become the next French president.

Markets were also looking forward to U.S. President Donald Trump's promise of a "big tax reform and tax reduction" announcement on Wednesday.

June futures on the S&P TSX index were up 0.33 percent at 7:15 a.m. ET.

No major economic releases are scheduled for the day.

Canada's main stock index rose on Monday to a nearly two-week high, boosted by solid gains for financials as investors cheered French election results that limited the risk of another core member leaving the European Union.

Dow Jones Industrial Average e-mini futures were up 0.33 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.19 percent and Nasdaq 100 e-mini futures were up0.22 percent.

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