(Reuters) – Futures for Canada’s main stock index rose on Monday, helped by a rebound in crude prices after doctors suggested U.S. President Donald Trump could be discharged from the hospital, a few days after he was diagnosed with COVID-19.
Brent crude futures climbed 3.72%, while U.S. West Texas Intermediate (WTI) crude futures rose 4.18%.
December futures on the S&P/TSX index were up 0.44% at 7:00 a.m. ET.
Data for Canada’s total reserve assets is due at 8:30 a.m. ET
The Toronto Stock Exchange’s S&P/TSX composite index ended 0.09% higher at 16,199.25 on Friday.
Dow Jones Industrial Average e-mini futures were up 0.67% at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 rose 0.68% and Nasdaq 100 e-mini futures NQc1 were 1.03% higher.
TOP STORIES
Negotiations between Canada’s Lundin Mining and the union at its Candelaria copper mine in Chile are making slow progress in their bid to avoid a strike at the deposit, the head of the mine’s union told Reuters on Saturday.
ANALYST RESEARCH HIGHLIGHTS
Stingray Group Inc: TD Securities cuts to “hold” from “buy”
North West Company Inc: TD Securities raises target price to C$38 from C$36
Loblaw Companies Ltd: TD Securities cuts target price to C$78 from C$79
COMMODITIES AT 7:00 a.m. ET
Gold futures: $1900.9; -0.15%
US crude: $38.6; +4.18%
Brent crude: $40.73; +3.72%
U.S. ECONOMIC DATA DUE ON MONDAY
0945 Markit Composite Final PMI for Sep: Prior 54.4
0945 Markit Services PMI Final for Sep: Prior 54.6
1000 Employment Trends for Sep: Prior 52.55
1000 ISM N-Manufacturing PMI for Sep: Expected 56.3; Prior 56.9
1000 ISM N-Manufacturing Business Activity for Sep: Prior 62.4
1000 ISM N-Manufacturing Employment Index for Sep: Prior 47.9
1000 ISM N-Manufacturing New Orders Index for Sep: Prior 56.8
1000 ISM N-Manufacturing Price Paid Index for Sep: Prior 64.2
($1= C$xx)
Reporting by Amal S; Editing by Krishna Chandra Eluri