Sept 17 (Reuters) - Stock futures for Canada's main index rose on Monday as energy shares gained on the back of rising oil prices, but the rise was capped by lingering U.S.-China trade war fears.
Oil rose as investors focused on the impact of U.S. sanctions on Iran despite assurances by Washington that Saudi Arabia, Russia and the United States could together raise output fast enough to offset falling supplies.
Brent crude oil LCOc1 was up 50 cents a barrel at $78.59 by 1055 GMT. U.S. light crude CLc1 was up 50 cents at $69.49. O/R
China will not be content to only play defence in an escalating trade war with the United States, a widely read Chinese tabloid warned, as U.S. President Donald Trump was expected to announce new tariffs on $200 billion in Chinese goods as early as Monday. futures on the S&P/TSX index SXFc1 were up 0.08 percent at 7:15 a.m. ET.
Data on foreign investment in Canadian securities and Canadian investment in foreign securities are due at 08:30 a.m. ET
The Toronto Stock Exchange's S&P/TSX .TO closed 0.07 percent higher, at 16,013.49 on Friday. Jones Industrial Average e-mini futures 1YMc1 were down 0.07 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.11 percent and Nasdaq 100 e-mini futures NQc1 were down 0.16 percent. .N
TOP STORIES TOP/CAN
Canadian miner RNC Minerals RNX.TO recovered a 43-kg specimen stone containing an estimated 1,100 ounces of gold and a second 7-kg specimen containing 190 ounces from Beta Hunt Mine in Australia. Partners LP USDP.N has begun expansion work at one of Canada's largest crude by rail loading terminals, which will boost capacity at the facility by 50 percent and be completed by year end, the head of the company's Canada unit told Reuters. RESEARCH HIGHLIGHTS RCH/CA
Nighthawk Gold Corp NHK.TO : Canaccord Genuity raises rating to speculative buy from hold; raises price target to C$0.60 from C$0.55
Alaris Royalty Corp AD.TO : CIBC raises price target to C$19 from C$18
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCcv1 : $1201; fell 0.01 percent GOL/
US crude CLc1 : $69.53; rose 0.78 percent O/R
Brent crude LCOc1 : $78.72; rose 0.81 percent O/R
LME 3-month copper CMCU3 : $5885.5; fell 1.46 percent MET/L
U.S. ECONOMIC DATA DUE ON MONDAY
0830 NY Fed Manufacturing for Sep: Expected 23.0; Prior 25.6
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 = C$1.30)