CANADA STOCKS-Futures indicate a higher start ahead of Fed meeting

Tue Oct 28, 2014 7:28am EDT
 
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Oct 28 - Stock futures pointed to a higher opening for Canada's main stock index on Tuesday ahead of the U.S. Federal Reserve's two-day meeting as investors wait for clues about the timing of any interest rate hike.

December futures on the S&P TSX index were up 0.49 percent at 7.15 a.m. ET.

No major economic events are scheduled.

The Toronto Stock Exchange's S&P/TSX composite index fell on Monday as weakness in the price of oil weighed on shares of energy producers and a lower bullion price was a drag on the gold-mining sector.

Dow Jones Industrial Average e-mini futures were up 0.42 percent at 7.15 a.m. ET, while S&P 500 e-mini futures were up 0.51 percent and Nasdaq 100 e-mini futures were up 0.57 percent.

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

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