Futures set to open higher as oil prices rise

A TMX Group sign, the company that runs the Toronto Stock Exchange (TSX), is seen in Toronto, June 23, 2014. REUTERS/Mark Blinch

(Reuters) - Stock futures pointed to a higher opening for Canada’s main stock index on Wednesday after oil prices rose to near $40 per barrel as a weaker dollar spurred interest in riskier assets.

June futures on the S&P TSX index SXFc1 were up 0.77 percent at 7:15 a.m. ET.

No major economic events are scheduled for the day. ECONCA

Canada’s main stock index rose on Tuesday, reversing earlier losses as dovish comments from Federal Reserve Chair Janet Yellen helped support gold mining stocks.

Dow Jones Industrial Average e-mini futures 1YMc1 were up 0.59 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.60 percent and Nasdaq 100 e-mini futures NQc1 were up 0.73 percent.

Reporting by Riniki Sanyal in Bengaluru