CANADA STOCKS-TSX futures higher despite G7 clash

By Kitco News / June 11, 2018 / www.kitco.com / Article Link

June 11 (Reuters) - Futures pointed to a higher opening for Canada's main stock index on Monday, tracking gains in world shares as investors shrugged off the weekend's fractious G7 meeting and focused on an event-packed week.

June futures on the S&P/TSX index were up 0.13 percent at 7:15 a.m. ET.

The Toronto Stock Exchange's S&P/TSX rose 9.91 points, or 0.06 percent, to 16,202.69, on Friday.

Dow Jones Industrial Average e-mini futures were up 0.04 percent 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.03 percent and Nasdaq 100 e-mini futures were down 0.012 percent.

TOP STORIES

U.S. President Donald Trump fired off a volley of tweets on Monday venting anger on NATO allies, the European Union and Canadian Prime Minister Justin Trudeau in the wake of a divisive G7 meeting over the weekend.

Bombardier Inc and its partners have been awarded a $4.9 billion contract to build and operate a passenger transit system at the Los Angeles International Airport, the company said.

ANALYST RESEARCH HIGHLIGHTS

Bank of Nova Scotia: RBC cuts target price to C$86 from C$95

Bombardier Inc: CIBC raises price target to C$6 from C$4.50

COMMODITIES AT 7:15 a.m. ET

Gold futures: $1299.4; fell 0.25 percent

US crude: $64.93; fell 1.23 percent

Brent crude: $75.66; fell 1.05 percent

LME 3-month copper: $7221; fell 1.24 percent

U.S. ECONOMIC DATA DUE ON MONDAY

No economic indicators are scheduled for release.

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory ($1= C$1.30) (Reporting by Debanjan Bose in Bengaluru; Editing by Anil D'Silva)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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