CANADA STOCKS-Futures higher as oil prices rebound

Wed Feb 3, 2016 7:34am EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Feb 3 (Reuters) - Canada's main stock index looked set to open higher on Wednesday after oil prices rebounded on hopes that the world's largest producers could act to cut output and boost prices.

Russian Foreign Minister Sergei Lavrov said if there is consensus among the Organization of the Petroleum Exporting Countries and non-OPEC members to meet, "then we will meet".

March futures on the S&P TSX index were up 0.51 percent at 7:15 a.m. ET.

The Toronto Stock Exchange's S&P/TSX composite index fell on Tuesday, with financial and energy stocks weighing as crude oil prices dropped on renewed concern about oversupply.

Dow Jones Industrial Average e-mini futures were up 0.32 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.37 percent and Nasdaq 100 e-mini futures were up 0.21 percent.

No major economic events in Canada are scheduled for the day .

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

TOP STORIES   Continued...