October 29, 2018 / 11:38 AM / 18 days ago

CANADA STOCKS-TSX futures up after severe weekly loss

Oct 29 (Reuters) - Futures for Canada’s main stock index rose on Monday, after a massive sell-off pulled down the bourse last week.

December futures on the S&P/TSX index were up 0.85 percent at 7:02 a.m. ET.

The Toronto Stock Exchange’s S&P/TSX fell 35.82 points, or 0.24 percent, to 14,888.26 on Friday. The index fell 3.8 percent last week.

Dow Jones Industrial Average e-mini futures edged up 0.38 percent at 7:06 a.m. ET, while S&P 500 e-mini futures were up 0.79 percent and Nasdaq 100 e-mini futures were up 1.06 percent.

TOP STORIES

Bank of Nova Scotia (Scotiabank) has hired four people for its metals business in New York after losing six traders and salesmen who defected to rival Canadian lender Bank of Montreal (BMO) last month, sources said.

ANALYST RESEARCH HIGHLIGHTS

Aecon Group Inc: CIBC raises price target to C$21 from C$20

Interrent REIT: Canaccord Genuity raises price target to C$13.5 from C$12

Roots Corp: Jefferies cuts price target to C$11 from C$14

COMMODITIES AT 7:07 a.m. ET

Gold futures: $1227.5; fell 0.4 percent

US crude: $67.33; fell 0.38 percent

Brent crude: $77.33; fell 0.37 percent

U.S. ECONOMIC DATA DUE ON MONDAY

0830 Personal consumption real mm for Sep: Prior 0.2 pct

0830 Personal income mm for Sep: Expected 0.4 pct; Prior 0.3 pct

0830 Consumption, adjusted mm for Sep: Expected 0.4 pct; Prior 0.3 pct

0830 Core PCE price index mm for Sep: Expected 0.1 pct; Prior 0 pct

0830 Core PCE price index yy for Sep: Expected 2 pct; Prior 2 pct

0830 PCE price index mm for Sep: Prior 0.1 pct

0830 PCE price index yy for Sep: Prior 2.2 pct

1030 Dallas Fed Manufacturing Business Index for Oct: Prior 28.1

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$1.31) (Reporting by Sourav Bose in Bengaluru; Editing by James Emmanuel)

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