CANADA STOCKS-Futures gain as gold rises; data awaited

Mon May 2, 2016 7:34am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

May 2 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Monday as gold prices rose and investors awaited the release of the monthly manufacturing report.

The RBC Canadian Manufacturing Purchasing Managers' index (PMI) is due at 9:30 a.m. ET.

Gold rose to a fresh 15-month high on Monday, closing in on the $1,300 resistance level as fresh weakness in the dollar lent support.

June futures on the S&P TSX index were up 0.26 percent at 7:15 a.m. ET.

Canada's main stock index rose to a six-month high on Friday as mining stocks surged on higher gold and base metal prices.

Dow Jones Industrial Average e-mini futures were up 0.16 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.18 percent and Nasdaq 100 e-mini futures were up 0.11 percent.

(Morning News Call newsletter; The Day Ahead newsletter

TOP STORIES   Continued...