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TSX futures up on fresh hopes over U.S.-China trade talks

Published 2019-05-14, 07:40 a/m
Updated 2019-05-14, 07:50 a/m
TSX futures up on fresh hopes over U.S.-China trade talks

May 14 (Reuters) - Stock futures pointed to a slightly higher opening for Canada's main stock index on Tuesday, steered by optimistic comments from the world's two biggest economies over the trade war.

A spokesman of the Chinese Foreign Ministry said China and the United States have agreed to continue talking about their trade dispute, while U.S. President Donald Trump also said he thought recent discussions in Beijing would be successful. futures on the S&P/TSX index SXFc1 were up 0.45% at 7:00 a.m. ET.

The Toronto Stock Exchange's S&P/TSX .GSPTSE fell 104.14 points, or 0.64%, to 16,193.41 on Monday. Jones Industrial Average e-mini futures 1YMc1 were up 0.57% at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.67% and Nasdaq 100 e-mini futures NQc1 were up 0.92%. .N

ANALYST RESEARCH HIGHLIGHTS RCH/CA

Bank of Montreal BMO.TO : Desjardins raises target price to C$108 from C$106

KP Tissue Inc KPT.TO : RBC cuts price target to C$8 from C$9

Premium Brands Holdings Corp PBH.TO : CIBC raises target price to C$76 from C$72

COMMODITIES AT 7:00 a.m. ET COM/WRAP

Gold futures GCc2 : $1,297.4; -0.34% GOL/

US crude CLc1 : $61.68; +1.05% O/R

Brent crude LCOc1 : $71.24; +1.44% O/R

U.S. ECONOMIC DATA DUE ON TUESDAY

0830 Import prices mm for April: Expected 0.7%; Prior 0.6%

0830 Export prices mm for April: Expected 0.5%; Prior 0.7%

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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