TSX May Start Higher As Weak German Data Stirs Hope for ECB Stimulus Measures

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Canada's main stock index looks to start the week strong, as concerns over an economic slowdown in Germany lead investors to hope for stimulus measures from the European Central Bank.

September futures on the S&P TSX index were up 0.43% in recent trading.

Data showed that business morale, measured by the Ifo business confidence index, fell short of analyst expectations. Investors are hoping the ECB would take drastic actions to sustain economic recovery.

Resource stocks are set for gains, with copper and crude oil prices rising 0.54% and 0.05%, respectively.

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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