Dec 12 (Reuters) - Futures pointed to a higher opening for Canada's main stock index, which hit a 19-month high last week, as oil prices surged on Monday.
Oil prices jumped to their highest since July 2015 after OPEC and some of its rival producers agreed to cut output to tackle global glut and boost prices. O/R
December futures on the S&P TSX index SXFc1 were up 0.16 percent at 7:15 a.m. ET.
Canada's main stock index barely extended a 19-month high on Friday, jumping 1.7 percent over the week, as heavyweight energy and bank stocks gained with rising oil prices and bond yields while mining losses eclipsed broad gains. Jones Industrial Average e-mini futures 1YMc1 were up 0.1 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were flat and Nasdaq 100 e-mini futures NQc1 were down 0.39 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
Bank of Montreal BMO.TO : KBW raises price target to C$95 from C$85
Pure Gold Mining PGM.V : Canaccord Genuity starts with "speculative buy" rating
Tahoe Resources Inc THO.TO : RBC cuts target price to C$19 from C$27
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc2 : $1,156.4; -0.36 pct GOL/
US crude CLc1 : $53.75; +4.37 pct O/R
Brent crude LCOc1 : $56.60; +4.16 pct O/R
LME 3-month copper CMCU3 : $5,785.00; -0.69 pct MET/L
U.S. ECONOMIC DATA DUE ON MONDAY
1400 Federal budget for Nov: Prior -$44.0 bln
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($1= C$1.31)