June 27 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Tuesday as a weaker U.S. dollar boosted oil and gold prices.
Oil prices rose for a fourth consecutive session as investors started covering short positions, but worries over persistent oversupply capped gains. inched higher after its decline in the previous session prompted investors to take fresh positions. futures on the S&P TSX index SXFc1 were up 0.22 percent at 7:15 a.m. ET.
Canada's main stock index edged lower on Monday in cautious trading ahead of the end of the second quarter, as declines in the heavyweight resource and financial groups offset gains for consumer-related shares. major economic releases are scheduled ECONCA .
Dow Jones Industrial Average e-mini futures 1YMc1 were down 0.12 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.14 percent and Nasdaq 100 e-mini futures NQc1 were down 0.48 percent. .N
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TOP STORIES TOP/CAN
New York-based hedge fund Paulson & Co on Monday reported a 6.3 percent stake in embattled Canadian drugmaker Valeant Pharmaceuticals International Inc (NYSE:VRX) VRX.TO , VRX.N . RESEARCH HIGHLIGHTS RCH/CA
MEG Energy Corp MEG.TO : National Bank of Canada starts coverage with "sector perform" rating; C$4.75 target price
Winpak Ltd WPK.TO : CIBC cuts rating to "neutral" from "outperformer"
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1251.6; +0.43 percent GOL/
US crude CLc1 : $43.78; +0.92 percent O/R
Brent crude LCOc1 : $46.35; +1.13 percent O/R
LME 3-month copper CMCU3 : $5813; +0.32 percent MET/L
U.S. ECONOMIC DATA DUE ON TUESDAY
0900 CaseShiller 20 mm SA for Apr: Expected 0.4 pct; Prior 0.9 pct
0900 CaseShiller 20 mm NSA for Apr: Expected 0.9 pct; Prior 1.0 pct
0900 CaseShiller 20 yy for Apr: Expected 5.9 pct; Prior 5.9 pct
1000 Consumer Confidence for Jun: Expected 116.0; Prior 117.9
1000 Rich Fed Composite Index for Jun: Prior 1
1000 Rich Fed, Services Index for Jun: Prior 34
1000 Rich Fed Manufacturing Shipments for Jun: Prior -2
1030 Texas Service Sector Outlook for Jun: Prior 7.7
1030 Dallas Fed Services Revenue for Jun: Prior 15.9
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$1.32)