EQUITIES: TSX Looks Set To Open Higher

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Canada's S&P/TSX Composite looks set to open higher after European earnings and less onerous than feared Russian sanctions gave risk appetite a lift. Supportive of the energy sector, crude oil has rallied more than $1 to US$101.90/bbl. But gold has dipped $3 to $1,296/oz. In corporate news, Suncor (SU.TO, SU) has reported a 36% jump in Q1 profit on the back of strong oil prices and a weaker currency, according to Reuters. BMO is also in focus, tapping the European covered bond market. S&P/TSX futures have firmed 0.3 points along with a positive skew for U.S. stock index futures.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Commodities


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