US Markets

TSX futures tick up on rising crude prices

Credit: REUTERS/CHRIS HELGREN

Futures for Canada's main stock index edged up on Monday, following a rise in oil prices after Saudi Arabia's new energy minister confirmed his country's commitment to OPEC-led crude supply cuts.

Sept 9 (Reuters) - Futures for Canada's main stock index edged up on Monday, following a rise in oil prices after Saudi Arabia's new energy minister confirmed his country's commitment to OPEC-led crude supply cuts.

Prince Abdulaziz bin Salman, who took over as energy minister from Khalid al-Falih on Sunday, said on Monday the world's top oil exporter would keep working with other producers to achieve market balance and that an OPEC-led supply-curbing deal would survive "with the will of everybody".

September futures on the S&P/TSX index SXFc1 were up 0.05% at 7:00 a.m. ET.

The Toronto Stock Exchange S&P/TSX composite index .GSPTSE fell 39.48 points, or 0.24% to 16,535.33 on Friday.

Dow Jones Industrial Average e-mini futures 1YMc1 were up 0.19% at 7:00 a.m. ET, S&P 500 e-mini futures ESc1 gained 0.23% and Nasdaq 100 e-mini futures NQc1 0.18%. .N

ANALYST RESEARCH HIGHLIGHTS RCH/CA

SilverCrest Metals Inc SIL.TO: RBC raises target price to C$9.50 from C$7.50

Teck Resources Ltd TECKb.TO: Scotiabank cuts target price to C$36 from C$39

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

Gold futures GCc2: $1511; +0.13% GOL/

US crude CLc1: $56.91; +0.69% O/R

Brent crude LCOc1: $61.89; +0.57% O/R

U.S. ECONOMIC DATA DUE ON MONDAY

1000 (approx.) Employment Trends for Aug: Prior 111.0

1500 Consumer credit for Jul: Expected $16.00 bln; Prior $14.60 bln

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 Lisa Mattackal in Bengaluru; Editing by Shinjini Ganguli)

((lisapauline.mattackal@thomsonreuters.com))

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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