March 28, 2016 / 11:18 AM / a year ago

CANADA STOCKS-TSX set to open higher on firmer oil prices

3 Min Read

March 28 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Monday as oil prices firmed, adding to gains in recent weeks as optimism holds that a production freeze among major producers may be implemented.

June futures on the S&P TSX index were up 0.13 percent at 7:15 a.m. ET.

No major economic events are scheduled for the day.

Canada's main stock index fell to a two-week low on Thursday before paring some losses, as bank stocks retreated amid rising chatter from U.S. central bankers about hiking interest rates and as a recovery in oil prices helped energy stocks.

Dow Jones Industrial Average e-mini futures were up 0.24 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.27 percent and Nasdaq 100 e-mini futures were up 0.30 percent.

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Gold futures : $1,210.00; -0.93 pct

US crude : $39.66; +0.48 pct

Brent crude : $40.53; +0.22 pct

LME 3-month copper : $4,945.15; -0.09 pct

Analyst Research Highlights

Suncor Energy Inc : Nomura raises target price to C$45 from C$41

u.s. Economic Data Due on Monday

0830 Consumption, adjusted mm for Feb: Expected 0.1 pct; Prior 0.5 pct

0830 Core PCE price Index mm for Feb: Expected 0.2 pct; Prior 0.3 pct

0830 Core PCE price Index yy for Feb: Prior 1.7 pct

0830 Advance goods trade balance for Feb: Prior -62.23 bln

0830 PCE Price index mm for Feb: Prior 0.1 pct

0830 PCE Price index yy for Feb: Prior 1.3 pct

0830 Personal consumption real mm for feb: Prior 0.4 pct

0830 Personal income mm for Feb: Expected 0.1 pct; Prior 0.5 pct

1000 Pending Homes Index for Feb: Prior 106.0

1000 Pending sales change mm for Feb: Expected 1.0 pct; Prior -2.5 pct

1030 Dallas Fed Manufacturing Business Index for Mar: Prior -31.80

1300 Dallas Fed PCE for Feb: Prior 2.2 pct

For Canadian Markets News, Click on Codes:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory ($1= C$1.32) (Reporting by Riniki Sanyal in Bengaluru)

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