(Reuters) - Futures pointed to a higher opening for Canada’s main stock index on Tuesday as Chinese President Xi Jinping’s promise to lower import tariffs eased concerns about a Sino-U.S. trade war.
Xi said China will sharply widen market access for foreign investors, a chief complaint of the country’s trading partners and a point of contention for U.S. President Donald Trump’s administration, which has threatened billions of dollars in tariffs on Chinese goods.
June futures on the S&P TSX index SXFc1 were up 0.63 percent at 7:15 a.m. ET.
Building permits data is due at 08:30 a.m. ET. ECONCA
Canada’s main stock index rose on Monday as gains for financials offset a steep decline in the shares of Kinder Morgan Canada Ltd after the company halted most work on a disputed pipeline expansion.
Dow Jones Industrial Average e-mini futures 1YMc1 were up 1.13 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 1.1 percent and Nasdaq 100 e-mini futures NQc1 were up 1.47 percent. [.N]
Reporting by Shradha Singh in Bengaluru; Editing by Saumyadeb Chakrabarty