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CANADA STOCKS-TSX futures edge higher as oil prices rise

Published 2018-03-20, 07:37 a/m
CANADA STOCKS-TSX futures edge higher as oil prices rise

March 20 (Reuters) - Canada's main stock index futures were slightly higher on Tuesday, benefiting from gains in energy shares due to a rise in oil prices.

Oil rose to its highest level so far this month, lifted by tension in the Middle East and the possibility of further falls in Venezuelan output.

Investor focus will shift to the two-day U.S. Federal Reserve policy meeting set to begin later in the day.

At 7:15 a.m. ET, June futures on the S&P TSX index SXFc1 were up 0.13 percent. Wholesale trade data for January is due at 8:30 a.m. ET ECONCA .

Canada's main stock index fell on Monday to a 10-day low, pressured by a nearly 2 percent drop in energy shares, while technology stocks lost ground as a plunge in Facebook FB.O shares weighed on investor sentiment. Jones Industrial Average e-mini futures 1YMc1 were down 0.05 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.08 percent and Nasdaq 100 e-mini futures NQc1 were down 0.03 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

U.S. President Donald Trump appears to be "enthusiastic" about coming to an agreement on NAFTA, Canada's Prime Minister Justin Trudeau said on Monday amid signs the pace of talks is accelerating. U.S. judge on Monday rejected BlackBerry Ltd's BB.TO request to dismiss a lawsuit claiming it inflated its stock price and defrauded shareholders by painting a misleadingly positive picture of sales prospects for its BlackBerry 10 smartphones. Capstone Mining CS.TO said on Monday a worker died at its Cozamin mine in Mexico while working on an underground voltage regulator. RESEARCH HIGHLIGHTS RCH/CA

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Advantage Oil & Gas Ltd AAV.TO : CIBC raises target price to C$6.50 from C$5.50

Gibson Energy Inc GEI.TO : CIBC raises rating from underperformer to neutral

Seven Generations Energy Ltd VII.TO : CIBC raises target price to C$24 from C$22

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

Gold futures GCc1 : $1,316.8; was unchanged 0 pct GOL/

U.S. crude CLc1 : $62.76; +1.13 pct O/R

Brent crude LCOc1 : $66.86; +1.23 pct O/R

LME 3-month copper CMCU3 : $6,813.5; -0.59 pct MET/L

U.S. ECONOMIC DATA DUE ON TUESDAY

No major economic events are scheduled.

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$1.31)

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