Jan 13 (Reuters) - Canada’s main stock index futures stayed flat on Monday, ahead of the imminent signing of a preliminary Sino-U.S. trade deal.
The U.S.-China Phase 1 agreement that is to be signed at the White House on Wednesday is being viewed as the first step towards ending an 18-month trade dispute between the world’s top two economies.
March futures on the S&P/TSX index were flat at 7:00 a.m. ET.
The Toronto Stock Exchange’s TSX closed down 0.01% to 17,234.49 on Friday.
Both Dow Jones Industrial Average e-mini futures and S&P 500 e-mini futures were up 0.24% at 7:10 a.m. ET, and Nasdaq 100 e-mini futures were up 0.37%.
Maple Leaf Foods Inc Chief Executive Officer Michael McCain criticized the U.S. government for escalating tensions in the Middle East, after an Iranian missile accidentally shot down a Ukrainian airliner killing 176 people onboard, including an employee’s family.
ANALYST RESEARCH HIGHLIGHTS
Canfor Corp: CIBC raises rating to outperformer from neutral
Cascades Inc: CIBC raises rating to outperformer from neutral
West Fraser Timber Co Ltd: CIBC cuts rating to neutral from outperformer
COMMODITIES AT 7:10 a.m. ET
Gold futures: $1554; fell 0.39%
US crude: $58.96; fell 0.14%
Brent crude: $64.83; fell 0.23%
U.S. ECONOMIC DATA DUE ON MONDAY
1000 Employment Trends for Dec: Prior 110.2
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 = 1.30 Canadian dollars)
Reporting by Pooja Kesavan in Bengaluru; Editing by Vinay Dwivedi
Our Standards: The Thomson Reuters Trust Principles.