CANADA STOCKS-Futures up after oil rises, inflation falls

Fri Jan 23, 2015 9:08am EST
 
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(Updates data and story)

Jan 23 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index after global crude prices rose and data showed a fall in the country's inflation rate in December.

March futures on the S&P TSX index were up 0.16 percent at 8.45 a.m. ET.

Canadian annual inflation rate fell to a nine-month low in December due to lower gasoline costs, Statistics Canada said on Friday, two days after the Bank of Canada cut interest rates due to slumping oil prices.

Crude oil prices rose amid uncertainty about Saudi Arabia's oil policy following the death of King Abdullah.

Canada's main stock index advanced to its highest in almost two months on Thursday, buoyed by the European Central Bank's massive stimulus measures and an unexpected rate cut by the Bank of Canada.

Dow Jones Industrial Average e-mini futures were up 0.06 percent at 8.45 a.m. ET, while S&P 500 e-mini futures were down 0.01 percent and Nasdaq 100 e-mini futures were up 0.04 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)

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