CANADA STOCKS-Futures rise as oil steadies

Thu Sep 1, 2016 7:42am EDT
 
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Sept 1 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Thursday as oil prices steadied on hopes that producers were moving towards a common ground on a potential output freeze.

September futures on the S&P TSX index were up 0.24 percent at 7:15 a.m. ET.

Saudi Arabia's minister of foreign affairs, Adel al-Jubeir, said in Tokyo it would be reasonable for the kingdom to go along with other producers in changes to oil production.

Members of the Organization of the Petroleum Exporting Countries (OPEC) are scheduled to meet informally in Algeria on the sidelines of the International Energy Forum on Sept. 26-28.

Royal Bank of Canada's seasonally adjusted manufacturing PMI data is due at 9:30 a.m. ET.

Canada's main stock index fell on Wednesday as lower oil and gold prices weighed on energy companies and miners, while financial and other interest rate-sensitive stocks slipped as investors considered the likely path of U.S. interest rates.

Dow Jones Industrial Average e-mini futures were up 0.21 percent at 7:15 a.m. ET. S&P 500 e-mini futures were up 0.18 percent and Nasdaq 100 e-mini futures were up 0.29 percent.

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