May 15 (Reuters) - Stock futures pointed to a higher opening for Canada’s main stock index on Tuesday, as oil prices hit a 3-1/2-year high, buoyed by tight supply and looming U.S. sanctions against Iran.
June futures on the S&P TSX index were up 0.23 percent at 7:15 a.m. ET.
The Toronto Stock Exchange’s S&P/TSX rose 102.29 points, or 0.64 percent, to 16,085.61.
Dow Jones Industrial Average e-mini futures were down 0.23 percent at 7:15 a.m. ET, while S&P 500 e-mini futures fell 0.14 percent and Nasdaq 100 e-mini futures were 0.2 percent lower.
Thomson Reuters said on Tuesday it would transfer its foreign exchange derivatives trading to Dublin from London ahead of Britain’s departure from the European Union in March 2019.
COMMODITIES AT 7:15 a.m. ET
Gold futures: $1,307.1; -0.84 pct
US crude: $71.6; 0.90 pct
Brent crude: $79.12; 1.14 pct
LME 3-month copper: $6876.5; -0.12 pct
ANALYST RESEARCH HIGHLIGHTS
• Air Canada: JP Morgan raises rating to overweight from neutral.
• Valeant Pharmaceuticals International Inc: Mizuho raises rating to buy from neutral.
U.S. ECONOMIC DATA DUE ON TUESDAY
0830 NY Fed Manufacturing for May: Expected 15.00; Prior 15.80
0830 Retail sales ex-autos mm for Apr: Expected 0.5 pct; Prior 0.2 pct
0830 Retail sales mm for Apr: Expected 0.3 pct; Prior 0.6 pct
0830 Retail ex gas/autos for Apr: Prior 0.3 pct
0830 Retail control for Apr: Expected 0.4 pct; Prior 0.4 pct
1000 Business inventories mm for Mar: Expected 0.1 pct; Prior 0.6 pct
1000 NAHB Housing Market Index for May: Expected 69 ; Prior 69
1600 Net L-T flows exswaps for Mar: Prior $49.0 bln
1600 Foreign buying, T-bonds for Mar: Prior $43.2 bln
1600 Overall net capital flows for Mar: Prior $44.7 bln
1600 Net L-T flows, including swaps for Mar: Prior $35.8 bln
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report
Canadian dollar and bonds report
Reuters global stocks poll for Canada
Canadian markets directory
$1= C$1.28 Reporting by Benny Thomas in Bengaluru; Editing by Bernard Orr
Our Standards: The Thomson Reuters Trust Principles.