March 26 (Reuters) - Futures pointed to a higher opening for Canada’s main stock index on Monday as investors’ optimism improved on a report that the United States and China are set to begin negotiations on trade.
June futures on the S&P TSX index were up 0.79 percent at 7:15 a.m. ET.
Canada’s main stock index fell to a five-week low on Friday, led by declines for financial and industrial shares, as domestic data showed hotter-than-expected inflation and fears of a global trade war gripped investors.
Dow Jones Industrial Average e-mini futures were up 1.27 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 1.36 percent and Nasdaq 100 e-mini futures were up 1.72 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)
Barrick Gold Corp cut the 2017 compensation for its top two executives to reflect a challenging “shareholder experience” and operations at some mines.
COMMODITIES AT 7:15 a.m. ET
Gold futures: $1,1348.5; -0.10 pct
US crude: $65.76; -0.18 pct
Brent crude: $70.42; -0.04 pct
LME 3-month copper: $6555.5; -1.57 pct
ANALYST RESEARCH HIGHLIGHTS
AGF Management Ltd: CIBC cuts target price to C$8 from C$8.50, saying that market volatility may override the company’s first-quarter results. Dollarama Inc: Barclays raises price target to C$154 from C$151, stating that the company continues to represent a simple, visible and (most importantly) low-risk growth story to investors, especially in today’s quickly changing retail environment.
U.S. ECONOMIC DATA DUE ON MONDAY 0830 National Activity Index for Feb: Prior 0.12 1030 Dallas Fed Manufacturing Business Index for Mar: Prior 37.2
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$1= C$1.29 Reporting by Benny Thomas in Bengaluru; Editing by Bernard Orr
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