CANADA STOCKS-TSX poised to open flat on weak oil, end-of-year caution

Tue Dec 30, 2014 7:33am EST
 
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Dec 30 (Reuters) - Stock futures pointed to a flat opening for Canada's main stock index on Tuesday as a wave of end-of-year risk aversion swept through global markets and oil prices hit a new 5-1/2 year low.

Brent crude oil fell to less than $57 a barrel as a global supply glut outweighed concerns of lost supply from Libya where battling militias have closed ports.

March futures on the S&P TSX index were up 0.01 percent at 7.15 a.m. ET.

No major economic events scheduled for Tuesday.

Canadian stocks rose on Monday in the first trading sesson after the Christmas holiday, led by bank shares.

Dow Jones Industrial Average e-mini futures were down 0.16 percent at 7.15 a.m. ET, while S&P 500 e-mini futures were down 0.26 percent and Nasdaq 100 e-mini futures were down 0.17 percent.

(Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)

COMMODITIES AT 7.15 a.m. ET

Gold futures : $1,188.60; +0.6 pct   Continued...