Jan 3 (Reuters) - Canadian stock futures pointed to a higher opening for the main stock index on the first trading of the year, as oil prices jumped over 2 percent.
Oil prices gained on Tuesday as markets hoped the deal between the OPEC and non-OPEC producer countries, which took effect on Sunday, will reduce global supply glut concerns. O/R
March futures on the S&P TSX index SXFc1 were up 0.69 percent at 7:15 a.m. ET.
Markit Manufacturing PMI data is due at 9:30 a.m. ET. ECONCA
Canada's main stock index fell broadly on the last trading day of the year on Friday, but logged an overall robust annual gain. Jones Industrial Average e-mini futures 1YMc1 were up 0.77 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.8 percent and Nasdaq 100 e-mini futures NQc1 were up 0.85 percent. .N
(Morning News Call newsletter http://share.thomsonreuters.com/assets/newsletters/Morning_News_Call/MNC_US.pdf ; The Day Ahead newsletter http://share.thomsonreuters.com/assets/newsletters/The_Day_Ahead/TDA_NAM.pdf)
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Innergex Renewable Energy Inc INE.TO : Desjardins raises target price to C$15.50 from C$15.25
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc2 : $1,149.00; -0.23 pct GOL/
US crude CLc1 : $54.88; +2.16 pct O/R
Brent crude LCOc1 : $58.00; +2.09 pct O/R
LME 3-month copper CMCU3 : $5,573.00; +0.68 pct MET/L
U.S. ECONOMIC DATA DUE ON TUESDAY
0855 Redbook mm: Prior 0.8 pct
0855 Redbook yy: Prior 2.1 pct
0945 Markit Manufacturing PMI final for Dec: Prior 54.2
1000 Construction spending mm for Nov: Expected 0.5 pct; Prior 0.5 pct
1000 ISM Manufacturing PMI for Dec: Expected 53.5; Prior 53.2
1000 ISM Manufacturing prices Paid for Dec: Expected 55.5; Prior 54.5
1000 ISM Manufacturing Employment Index for Dec: Expected 52.6; Prior 52.3
1000 ISM Manufacturing New Orders Index for Dec: Prior 53.0
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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$1.34)