CANADA STOCKS-Global cues point to higher start

Mon Nov 24, 2014 7:53am EST
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Nov 24 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Monday, following gains in global markets as risk appetite improved on prospects of further policy stimulus in China.

China's leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses.

December futures on the S&P TSX index were up 0.30 percent at 7:30 a.m. ET.

No major Canadian economic events are scheduled.

The Toronto Stock Exchange's S&P/TSX composite index rose to its highest level in nearly two months on Friday as investors cheered a move by China to cut interest rates and signs that the European Central Bank might step up asset purchases.

Dow Jones Industrial Average e-mini futures were up 0.18 percent at 7:30 a.m. ET, while S&P 500 e-mini futures were up 0.22 percent and Nasdaq 100 e-mini futures were up 0.27 percent.

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