Sept 11 (Reuters) - Canada’s main stock index futures pointed to a higher opening on Monday on relief after Hurricane Irma weakened overnight and North Korea did not conduct a missile test over the weekend.
September futures on the S&P TSX index were up 0.28 percent at 7:15 a.m. ET.
Irma pounded heavily populated areas of central Florida on Sunday, but gradually lost strength, weakening to a Category 1 hurricane overnight and is expected to weaken to a tropical storm during the day.
The United States and its allies had been bracing for another long-range missile launch for the 69th anniversary of North Korea’s founding on Saturday, but its leader Kim Jong Un hosted a massive celebration instead.
Canada’s main stock index ended lower for a fifth straight day on Friday, with mining and energy stocks dominating the retreat and investors cautious as Irma barreled toward Florida.
Dow Jones Industrial Average e-mini futures were up 0.5 percent at 7:15 a.m. ET on Tuesday, while S&P 500 e-mini futures were up 0.48 percent and Nasdaq 100 e-mini futures were up 0.67 percent.
Economic data due includes a report on Canadian house starts annualized data for August due at 08:15 a.m. ET.
Canada’s Eldorado Gold Corp said it would suspend investment at its Greek mines and development projects, blaming regulatory hurdles for halting one of the biggest investments in Greece since it sank into a debt crisis.
ANALYST RESEARCH HIGHLIGHTS
Enghouse Systems Ltd: RBC cuts price target to C$60 from C$62
Methanex Corp: Citigroup raises price target to $50 from $48
COMMODITIES AT 7:15 a.m. ET
Gold futures: $1340.5; -0.79 percent
US crude: $47.83; +0.74 percent
Brent crude: $53.65; -0.24 percent
LME 3-month copper: $6755.5; +0.93 percent
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Canadian markets directory ($1 = C$1.21) (Reporting by Pathikrit Bandyopadhyay in Bengaluru; Editing by Savio D’Souza)
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