CANADA STOCKS-TSX futures flat as U.S. avoids government shutdown

Mon May 1, 2017 7:28am EDT
 
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May 1 (Reuters) - Stock futures pointed to a muted opening for Canada's main stock index on Monday after U.S. congressional negotiators agreed on a spending package deal to keep the federal government funded through September, averting a government shutdown.

The House of Representatives and Senate must approve the deal before the end of Friday, as must U.S. President Donald Trump, to avoid the first government shutdown since 2013.

Trading volumes overall are expected to be thin as many markets in Asia and Europe are closed for Labor Day.

June futures on the S&P TSX index were up 0.04 percent at 7:10 a.m. ET.

Seasonally adjusted Markit Manufacturing PMI for April is scheduled to release at 9:30 a.m. ET

Canada's main stock index rose on Friday as banks and mining companies, heavyweights on the index, rebounded from the previous day's slump.

Dow Jones Industrial Average e-mini futures were up 0.14 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.18 percent and Nasdaq 100 e-mini futures were up 0.23 percent.

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