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TSX futures up on U.S-China trade deal hopes

Reuters

Feb 11 () - Stock futures for Canada's main index rose on Monday, lifted by fresh hopes that the United States and China will take necessary steps to resolve their trade dispute.

China struck an upbeat note as trade talks resumed with the United States, but it also expressed anger at a U.S. Navy mission through the disputed South China Sea, casting a shadow over the prospect for improved Beijing-Washington ties.

March futures on the S&P/TSX index were up 0.18 percent at 7:22 a.m. ET.

Dow Jones Industrial Average e-mini futures were up 0.24 percent at 7:22 a.m. ET, while S&P 500 e-mini futures edged up 0.27 percent and Nasdaq 100 e-mini futures were up 0.34 percent.

TOP STORIES

Morgan Stanley said on Monday it would buy Canadian employee stock plans manager Solium Capital for $900 million.

ANALYST RESEARCH HIGHLIGHTS

BCE Inc: J.P. Morgan raises price target to C$62 from C$59.

IGM Financial Inc: CIBC raises price target to C$41 from C$39.

Interfor Corp: RBC raises price target to C$21 from C$20.

COMMODITIES AT 7:23 a.m. ET

Gold futures: $1,308.2; fell 0.59 percent

US crude: $52.27; fell 0.85 percent

Brent crude: $61.89; fell 0.34 percent

($1 = C$1.33)


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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