CANADA STOCKS-Futures indicate higher start after BoJ stimulus boost

Fri Oct 31, 2014 7:45am EDT
 
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Oct 31 - Stock futures pointed to a higher start for Canada's main stock index on Friday after the Bank of Japan surprised financial markets by significantly expanding its massive stimulus program.

The BoJ's board voted 5-4 to accelerate purchases of Japanese government bonds, increasing its holdings at an annual pace of 80 trillion yen ($723.4 billion), while tripling its purchases of exchange-traded funds and real-estate investment trusts.

December futures on the S&P TSX index were up 0.54 percent at 7.30 a.m. ET.

Statistics Canada is scheduled to release gross domestic product data for August at 8.30 a.m. ET.

The Toronto Stock Exchange's S&P/TSX composite index fell on Thursday as shares of Goldcorp Inc and other gold miners tumbled after the companies reported disappointing quarterly results and positive U.S. economic data hurt bullion prices.

Dow Jones Industrial Average e-mini futures were up 1.05 percent at 7.30 a.m. ET, while S&P 500 e-mini futures were up 1.01 percent and Nasdaq 100 e-mini futures were up 1.39 percent.

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

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