Jan 16 (Reuters) - Stock futures pointed to a lower opening for Canada’s main stock index on Monday as oil prices slipped, pressured by doubts that large oil producers will reduce production.
March futures on the S&P TSX index were down 0.33 percent at 7:15 a.m. ET (1215 GMT).
Canada’s main stock index rose on Friday as higher bond yields and solid U.S. bank earnings helped boost the index’s heavyweight financials sector.
Dow Jones Industrial Average e-mini futures were down 0.22 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.23 percent and Nasdaq 100 e-mini futures were down 0.26 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)
Privately held Canadian carrier Porter Airlines said flights had resumed after a system outage grounded its fleet earlier on Saturday.
Gold futures : $1,203.3 per ounce; +0.59 pct
US crude : $52.5 per barrel; -0.23 pct
Brent crude : $55.32 ; -0.23 pct
LME 3-month copper : $5,885.00 per tonne; -0.41 pct
ANALYST RESEARCH HIGHLIGHTS
Hudbay Minerals Inc : NBF raises to “outperform” from “sector perform”
Sun Life Financial Inc : Canaccord Genuity raises to “buy” from “hold”
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report
Canadian dollar and bonds report
Reuters global stocks poll for Canada
Canadian markets directory ($1= C$1.31) (Reporting by Pradip Kakoti in Bengaluru; Editing by James Dalgleish)
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