CANADA STOCKS-Weak euro zone data pushes TSX futures higher

Mon Mar 31, 2014 8:53am EDT
 
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(Adds economic data)

March 31 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Monday after lower-than-expected euro zone inflation data raised expectations that the European Central Bank could ease monetary policy.

June futures on the S&P TSX index <0#SXF:> were up 0.39 percent at 0845 ET.

The economy bounced back by more than expected in January from a weather-induced decline in December but still has not quite regained all the lost output, Statistics Canada said.

Stocks ended higher on Friday as positive U.S. economic data and hopes of a Chinese government stimulus helped drive up shares of natural resource companies.

Dow Jones Industrial Average futures were up 0.46 percent at 0845 ET, S&P 500 futures were up 0.54 percent and Nasdaq 100 futures were up 0.62 percent.

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

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