CANADA STOCKS-TSX futures set to open higher as North Korea tensions ease
Reuters
Published Aug 14, 2017 07:21
CANADA STOCKS-TSX futures set to open higher as North Korea tensions ease
Aug 14 (Reuters) - Canada's main stock index was set for a higher start on Monday as investors returned to riskier assets following a slight easing of tensions between the United States and North Korea.
Tensions on the Korean Peninsula eased slightly after South Korea's President Moon Jae-in said resolving Pyongyang's nuclear ambitions must be done peacefully and key U.S. officials played down the risk of an imminent war with North Korea. futures on the S&P TSX index SXFc1 were up 0.19 percent at 7:15 a.m. ET.
Canada's main stock index posted its lowest close in five weeks on Friday, weighed by a move lower in financials and a fall in shares of auto parts maker Magna International Inc despite reporting better-than-forecast quarterly profit. Jones Industrial Average e-mini futures 1YMc1 were up 0.45 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.56 percent and Nasdaq 100 e-mini futures NQc1 were up 0.57 percent. .N
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TOP STORIES TOP/CAN
An effective dispute settlement mechanism is essential in any trade agreement, Canada's foreign affairs minister Chrystia Freeland said on Friday, less than a week before the first round of negotiations on the North American trade pact. RESEARCH HIGHLIGHTS RCH/CA
Hydro One Ltd H.TO : Credit Suisse (SIX:CSGN) reinstates coverage with a "neutral" rating; C$26 target price
Metro Inc MRU.TO : Barclays (LON:BARC) cuts price target to C$44 from C$45
Trican Well Service Ltd TCW.TO : JP Morgan raises price target to C$6 from C$5
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1279.8; -0.61 percent GOL/
US crude CLc1 : $48.5; -0.68 percent O/R
Brent crude LCOc1 : $51.66; -0.84 percent O/R
LME 3-month copper CMCU3 : $6383.5; -0.42 percent MET/L
U.S. ECONOMIC DATA DUE ON MONDAY
No economic indicators are scheduled for release.
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report .TO
Canadian dollar and bonds report CAD/ CA/
Reuters global stocks poll for Canada EQUITYPOLL1 EPOLL/CA
Canadian markets directory CANADA ($1=1.27)
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