Dec 5 (Reuters) - Canada stock futures were higher on Monday as oil prices continued to gain in the wake of OPEC's decision last week to cut production.
Brent crude oil prices rose above $55 a barrel on Monday, trading at a fresh 16-month high and coming on the heels of what was the commodity's best week in at least five years last week. O/R
December futures on the S&P TSX index SXFc1 were up 0.26 percent at 7:15 a.m. ET.
Canada's main stock index eked out a small gain on Friday as miners rose with climbing gold prices, while energy stocks slipped after the OPEC deal earlier in the week. 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 0.43 percent and Nasdaq 100 e-mini futures NQc1 were up 0.54 percent. .N
(Morning News Call newsletter http://link.reuters.com/nex49s ; The Day Ahead newsletter http://link.reuters.com/mex49s)
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Blackpearl Resources Inc PXX.TO : Canaccord Genuity raises rating to "buy" from "speculative buy"
Canadian Imperial Bank of Commerce CM.TO : KBW raises target price to C$104 from C$97
National Bank of Canada NA.TO : Barclays (LON:BARC) raises target price to C$52 from C$48
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc2 : $1,167.7; -0.75 pct GOL/
US crude CLc1 : $51.88; +0.45 pct O/R
Brent crude LCOc1 : $54.78; +0.55 pct O/R
LME 3-month copper CMCU3 : $5,856.00; +1.67 pct MET/L
U.S. ECONOMIC DATA DUE ON MONDAY
0945 Markit Services PMI Final for Nov: Prior 54.7
0945 Markit Composite Final PMI for Nov: Prior 54.9
1000 Employment Trends for Nov: Prior 129.0
1000 ISM N-Manufacturing PMI for Nov: Expected 55.3; Prior 54.8
1000 ISM N-Manufacturing Business Activity for Nov: Prior 57.7
1000 ISM N-Manufacturing Employment Index for Nov: Prior 53.1
1000 ISM N-Manufacturing New Orders Index for Nov: Prior 57.7
1000 ISM N-Manufacturing Price Paid Index for Nov: Prior 56.6
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($1= C$1.33)