CANADA STOCKS-Futures slightly higher ahead of GDP data

Tue May 31, 2016 7:35am EDT
 
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May 31 (Reuters) - Canada stock futures inched higher on Tuesday ahead of data that is expected to show economic growth likely picked in the first quarter after a weak fourth quarter.

Canada's gross domestic product is expected to have picked up to a 2.9 percent annualized rate in the first quarter. The data is due at 08:30 a.m. ET.

June futures on the S&P TSX index were up 0.07 percent at 7:15 a.m. ET.

Canada's main stock index edged lower on Monday as energy stocks retreated ahead of a meeting of oil producers later in the week, while mining stocks and financials also fell in a low-volume session.

Dow Jones Industrial Average e-mini futures were up 0.12 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.05 percent and Nasdaq 100 e-mini futures were up 0.10 percent.

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

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