CANADA STOCKS-Futures up as U.S. rate hike hopes recede, oil gains

Tue Jun 7, 2016 7:32am EDT
 
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June 7 (Reuters) - Canadian stock futures pointed to a modestly higher opening on Tuesday, a day after Federal Reserve Chair Janet Yellen dampened speculation about an imminent U.S. interest rate hike, and as crude prices stayed near 2016 highs.

June futures on the S&P TSX index were up 0.14 percent at 7:15 a.m. ET.

Ivey PMI data is due at 10:00 a.m. ET

Canada's main stock index hit a more than nine-month high on Monday as commodity price gains helped boost the heavyweight energy sector and base metal miners, although gold miners pulled back after last week's rally.

Dow Jones Industrial Average e-mini futures were up 0.28 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.25 percent and Nasdaq 100 e-mini futures were up 0.34 percent.

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

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