Aug 31 (Reuters) - Canadian main stock index's futures inched higher on Monday following gains in oil prices, with Brent touching the highest in five months, due to a cut in Abu Dhabi crude supplies.
Abu Dhabi National Oil Company told its customers it will reduce October supplies by 30%, as directed by the United Arab Emirates government to meet its commitment on the recent OPEC+ agreement. futures on the S&P/TSX index SXFc1 were up 0.08% at 7:00 a.m. ET.
Data for Canada's producer prices and raw materials prices are due at 8:30 a.m. ET.
On Friday, the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE ended 0.15% lower at 16,705.79. Jones Industrial Average e-mini futures 1YMc1 were up 0.1% at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.21% and Nasdaq 100 e-mini futures NQc1 were up 0.45%. .N
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Skeena Resources Ltd SKE.TO : Canaccord Genuity starts with speculative buy rating; target price of C$5
Canadian Western Bank CWB.TO : Scotiabank raises target price to C$29 from C$25
Capreit CAR_u.TO : Scotiabank cuts target price to C$56.25 from C$56.75
COMMODITIES AT 7:00 a.m. ET
Gold futures GCc2 : $1966.4; -0.02% GOL/
US crude CLc1 : $43.45; +1.12% O/R
Brent crude LCOc1 : $46.37; +1.22% O/R
U.S. ECONOMIC DATA DUE ON MONDAY
1030 Dallas Fed Manufacturing Business Index for Aug: Prior -3.00
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