July 2, 2019 / 11:38 AM / 3 months ago

CANADA STOCKS-TSX futures up on higher gold prices

July 2 (Reuters) - Futures pointed to a higher opening for Canada’s main stock index on Tuesday, supported by rising gold prices.

Gold prices rose, after biggest one-day percentage fall in two and a half years on Monday, as risk appetite soured on worries over global growth and uncertainties around a Sino-U.S. trade deal.

September futures on the S&P/TSX index were up 0.26% at 7:00 a.m. ET.

IHS Markit Canada Manufacturing Purchasing Managers’ Index data is due at 9:30 a.m. ET

The Toronto Stock Exchange’s S&P/TSX rose 74.47 points, or 0.46%, to 16,382.20 on Friday.

Dow Jones Industrial Average e-mini futures were down 0.1% at 7:00 a.m. ET, S&P 500 e-mini futures 0.06% and Nasdaq 100 e-mini futures 0.15%.

ANALYST RESEARCH HIGHLIGHTS

Stingray Digital Group Inc: Canaccord Genuity initiates coverage with buy rating and C$10 target price

Endeavour Mining Corp: Berenberg raises target price to C$24.35 from C$22.55

TFI International Inc: CIBC cuts target price to C$45 from C$47

COMMODITIES AT 7:00 a.m. ET

Gold futures: $1,395.6; +0.45%

US crude: $58.97; -0.2%

Brent crude: $64.92; -0.2%

U.S. ECONOMIC DATA DUE ON TUESDAY

0945 ISM-New York Index for Jun: Prior 882.1

0945 ISM New York Business Conditions for Jun: Prior 48.6

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 Nachiket Tekawade in Bengaluru; Editing by Shinjini Ganguli)

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