US Markets
DOO

TSX futures rise on firmer oil prices, COVID-19 treatment hopes

Credit: REUTERS/CHRIS HELGREN

Canada's main stock index futures rose on Monday, helped by firmer oil prices, while signs of progress in COVID-19 treatment efforts also bolstered sentiment.

Aug 24 (Reuters) - Canada's main stock index futures rose on Monday, helped by firmer oil prices, while signs of progress in COVID-19 treatment efforts also bolstered sentiment.

Crude oil prices rose on Monday as storms closed in on the Gulf of Mexico, shutting more than half its oil production. O/R

U.S. President Donald Trump on Sunday hailed the Food and Drug Administration's authorization of a coronavirus treatment that uses blood plasma from recovered patients.

September futures on the S&P/TSX index SXFc1 were up 1.04% at 7:00 a.m. ET.

On Friday, the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE ended 0.54% lower at 16,517.85.

Dow Jones Industrial Average e-mini futures 1YMc1were up 1.01% at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.83% and Nasdaq 100 e-mini futures NQc1were up 0.9%. .N

TOP STORIES TOP/CAN

The U.S. unit of diversified Canadian miner Northern Dynasty Minerals Ltd NDM.TO on Saturday denied a media report that said the administration of U.S. President Donald Trump plans to block its proposed Pebble Mine in Alaska early next week.

ANALYST RESEARCH HIGHLIGHTS RCH/CA

BRP Inc DOO.TO: Canaccord Genuity Raises Target Price to C$70 from C$60 Horizon North Logistics Inc HNL.TO: ATB Capital Markets Raises Target Price to C$6 from C$1.75

COMMODITIES AT 7:00 a.m. ET

Gold futures GCc2: $1947.3; +0.58% GOL/

US crude CLc1: $42.63; +0.68% O/R

Brent crude LCOc1: $44.68; +0.74% O/R

U.S. ECONOMIC DATA DUE ON MONDAY

0830 National Activity Index for Jul: Prior 4.11

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$1.32)

(Reporting by Amal S in Bengaluru; Editing by Ramakrishnan M.)

((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3677;))

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

In This Story

DOO

Latest Markets Videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More