CANADA STOCKS-TSX futures near flat ahead of U.S. Fed meet

Tue May 2, 2017 7:30am EDT
 
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May 2 (Reuters) - Stock futures pointed to a flat opening for Canada's main stock index on Tuesday ahead of the U.S. Federal Reserve's meeting even as oil prices surged on hopes that major OPEC exporters would extend output cuts into the second half of the year.

Benchmark Brent crude was up 1.07 percent at $52.07 a barrel by 0715 GMT and U.S. light crude rose 0.8 percent at $49.23 per barrel.

The Fed begins its two-day meeting later on Tuesday and is widely expected to stand pat on interest rates.

June futures on the S&P TSX index were nearly flat at 7:15 a.m. ET.

Canada's main stock index dipped marginally on Monday, pulled lower in part by acquisition news from Pembina Pipeline Corp and broad declines among mining companies.

Dow Jones Industrial Average e-mini futures were down 0.07 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.05 percent and Nasdaq 100 e-mini futures were up 0.06 percent.

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