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CANADA STOCKS-TSX futures up on rising gold prices; eyes on U.S. Fed

Published 2018-12-18, 07:33 a/m
CANADA STOCKS-TSX futures up on rising gold prices; eyes on U.S. Fed

Dec 18 (Reuters) - Futures pointed to a higher opening for Canada's main stock index on Tuesday as gold prices rose, with the U.S. dollar falling on expectations that the U.S. Federal Reserve will slow its pace of raising interest rates after this week's meeting.

December futures on the S&P/TSX index SXFc1 were up 0.38 percent at 7:00 a.m. ET.

Canada's factory sales data is due at 8:30 a.m. ET

The Toronto Stock Exchange's S&P/TSX .GSPTSE fell 232.42 points, or 1.59 percent, to 14,362.65 on Monday. Jones Industrial Average e-mini futures 1YMc1 were up 0.33 percent at 7:00 a.m. ET, S&P 500 e-mini futures ESc1 0.39 percent and Nasdaq 100 e-mini futures NQc1 0.55 percent. .N

TOP STORY TOP/CAN

The pace of interest rate hikes in Canada could be interrupted or sped up depending on the economic circumstances, Bank of Canada Governor Stephen Poloz said on Monday. RESEARCH HIGHLIGHTS RCH/CA

Aecon Group Inc ARE.TO : Canaccord Genuity raises target price to C$24 from C$23

Kirkland Lake Gold Ltd KL.TO : RBC raises target price to C$38 from C$33

Painted Pony Energy Ltd PONY.TO : CIBC cuts target price to C$2.75 from C$3.25

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

Gold futures GCcv1 : $1250.4; +0.18 percent GOL/

US crude CLc1 : $48.3; -3.17 percent O/R

Brent crude LCOc1 : $57.94; -2.8 percent O/R

U.S. ECONOMIC DATA DUE ON TUESDAY

0830 Building permits: number for Nov: Expected 1.259 mln; Prior 1.265 mln

0830 Build permits: change mm for Nov: Prior -0.4 pct

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

0830 Housing starts number for Nov: Expected 1.225 mln; Prior 1.228 mln

0000 House starts mm: change for Nov: Prior 1.5 pct

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$1.34)

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