July 24 (Reuters) - Futures pointed to a slightly higher opening for Canada's main stock index on Monday as oil prices climbed after leading producer Saudi Arabia pledged to limit its exports to curb global oversupply.
September futures on the S&P TSX index SXFc1 were up 0.08 percent at 7:15 a.m. ET.
Wholesale trade data is due at 8:30 a.m. ET ECONCA .
Canada's main stock index fell on Friday as oil price weakness weighed on energy-sector shares and the financial sector added its heft to a broad retreat. Jones Industrial Average e-mini futures 1YMc1 were down 0.08 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 0.09 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)
TOP STORIES TOP/CAN
Rayonier Advanced Materials RYAM.N said it raised its offer price for Canadian paper and cellulose pulp maker Tembec Inc TMB.TO to C$4.75 per share, valuing the deal at C$475 million ($378.6 million), excluding debt. RESEARCH HIGHLIGHTS RCH/CA
ARC Resources Ltd ARX.TO : Barclays (LON:BARC) cuts target price to C$22 from C$24
Fairfax Financial Holdings Ltd FFH.TO : CIBC raises rating to "neutral" from "underperform"
Lithium Americas Corp LAC.TO : National Bank of Canada starts coverage with "outperform"
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1,256.7; +0.14 pct GOL/
US crude CLc1 : $46.14; +0.81 pct O/R
Brent crude LCOc1 : $48.51; +0.92 pct O/R
LME 3-month copper CMCU3 : $6,007.50; +0.06 pct MET/L
U.S. ECONOMIC DATA DUE ON MONDAY
0945 Markit Composite Flash PMI for July: Prior 53.9
0945 Markit Manufacturing PMI Flash for July: Expected 52.1; Prior 52.0
0945 Markit Services PMI Flash for July: Expected 54.3; Prior 54.2
1000 Existing home sales for Jun: Expected 5.57 mln; Prior 5.62 mln
1000 Existing home sales percentage change for Jun: Expected -1.2 pct; Prior 1.1 pct
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($1= C$1.25)