CANADA STOCKS-Futures edge up as oil strengthens; gold up

Mon Oct 3, 2016 7:32am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Oct 3 (Reuters) - Stock futures pointed to a slightly higher opening for Canada's main stock index on Monday as oil rose to its highest since August above $50 a barrel, supported by a planned production cut by OPEC.

December futures on the S&P TSX index were up 0.04 percent at 7:15 a.m. ET.

The Organization of the Petroleum Exporting Countries said last week it would cut output to between 32.5 million barrels per day (bpd) and 33.0 million bpd from about 33.5 million bpd, with details to be finalised at its policy meeting in November.

Canada's main stock index fell on Friday as last week's rally in energy stocks paused and gold stocks retreated as concerns about the health of Germany's biggest bank eased.

Dow Jones Industrial Average e-mini futures were up 0.01 percent at 7:15 a.m. ET on Monday, while S&P 500 e-mini futures were down 0.02 percent and Nasdaq 100 e-mini futures were flat.

RBC's seasonally adjusted manufacturing PMI data is due at 9:30 a.m. ET.

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

TOP STORIES   Continued...