Dec 17 (Reuters) - Futures pointed to a higher opening for Canada’s main stock index on Monday as oil prices edged up, after slipping nearly 2 percent last week.
December futures on the S&P/TSX index were up 0.28 percent at 7:00 a.m. ET.
Statistics Canada is expected to report foreign investment data for the month of October at 8:30 a.m. ET
Toronto Stock Exchange S&P/TSX composite index closed down 155.28 points, or 1.05 percent, at 14,595.07 on Friday.
Dow Jones Industrial Average e-mini futures were down 0.12 percent at 7:00 a.m. ET, S&P 500 e-mini futures 0.08 percent and Nasdaq 100 e-mini futures 0.05 percent.
A Glencore-controlled mining company and some of its current and former executives have agreed to pay more than $22 million to settle Canadian allegations they hid the risks of doing business with an Israeli close to Congolese President Joseph Kabila, the Wall Street Journal reported.
Canada’s First Quantum Minerals plans to lay off more than 1,000 workers at Zambia’s Kalumbila copper-nickel mine when the government hikes taxes in January, the minister of labour said on Saturday.
ANALYST RESEARCH HIGHLIGHTS
Superior Plus Corp: RBC raises rating to “outperform” from “sector perform”
COMMODITIES AT 7:00 a.m. ET
Gold futures: $1239.7; +0.15 percent
US crude: $51.82; +1.21 percent
Brent crude: $61.14; +1.43 percent
U.S. ECONOMIC DATA DUE ON MONDAY
0830 Newyork fed manufacturing for Dec: Expected 20.2; Prior 23.3
1000 NAHB housing market index for Dec: Expected 60 ; Prior 60
1600 Net L-T flows exswaps for Oct: Prior 30.8 bln
1600 Foreign buying, T-bonds for Oct: Prior -11.5 bln
1600 Overall net capital flows for Oct: Prior -29.1 bln
1600 Net L-T flows, including swaps for Oct: Prior 16.7 bln
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$1.34) (Reporting by Nayyar Rasheed in Bengaluru; Editing by Shinjini Ganguli)
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