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CANADA STOCKS-TSX futures edge up as crude prices rise

Published 2016-11-24, 07:33 a/m
© Reuters.  CANADA STOCKS-TSX futures edge up as crude prices rise
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Nov 24 (Reuters) - Stock futures pointed to a slightly higher opening for Canada's main stock index on Thursday as oil prices rose ahead of a planned OPEC-led crude production cut, potentially together with non-OPEC member Russia.

December futures on the S&P TSX index SXFc1 were up 0.21 percent at 7:15 a.m. EST (1215 GMT).

Sharp losses among gold miners weighed heavily on Canada's main stock index on Wednesday as the precious metal slid to a nine-month low, with the falls offsetting solid gains for heavyweight banks and more subdued rises across most other sectors. Jones Industrial Average e-mini futures 1YMc1 were up 0.08 percent at 7:15 a.m. EST, while S&P 500 e-mini futures ESc1 were up 0.07 percent and Nasdaq 100 e-mini futures NQc1 were up 0.02 percent. .N

(Morning News Call newsletter http://link.reuters.com/nex49s ; The Day Ahead newsletter http://link.reuters.com/mex49s)

TOP STORIES TOP/CAN

The world's listed oil companies have slashed oil output by 2.4 percent so far this year during one of the industry's worst downturns as OPEC battles to agree on its first production cut since 2008. RESEARCH HIGHLIGHTS RCH/CA

Emera Inc EMA.TO : Desjardins starts with buy rating; C$50 target price

Teck Resources TCKb.TO : CIBC raises target price to C$44 from C$33

Rogers Sugar Inc RSI.TO : TD Securities raises target price to C$6.50 from C$6

COMMODITIES AT 7:15 a.m. EST COM/WRAP

Gold futures GCc1 : $1,189.1; was unchanged GOL/

U.S. crude CLc1 : $48.09; +0.27 pct O/R

Brent crude LCOc1 : $49.08; +0.27 pct O/R

LME 3-month copper CMCU3 : $5,864.5; +2.17 pct MET/L

U.S. ECONOMIC DATA DUE ON THURSDAY

No economic indicators are scheduled for release.

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$1.35)

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