Top

Market Summary Article

S&P/TSX Composite Index

0.00 RT

chart
Change: 0.00 (0.00%)
S&P/TSX Venture Composite Index

0.00 RT

chart
Change: 0.00 (0.00%)
 Back
Trade Hope Puts Some Spark into Futures

(CORRECTS WEEKLY PERCENTAGE CHANGE BY TSX, VENTURE EXCHANGE)

Canada's main stock index futures rose on Monday on hopes of a breakthrough in trade talks between China and the United States following positive comments from the two sides.

The TSX Composite Index faded into the red Friday by 49.18 points to 16,377.12, a weekly drop of 38.04 points, or 0.23%,

The Canadian dollar inched higher 0.14 cents to 76.30 cents U.S. early Monday

December futures gained 0.2% early Monday.

Thomson Reuters was reported to be engaged in succession planning for Chief Executive Jim Smith as "a matter of good governance.”

Barrick Gold said it had reached a deal to settle a long-running tax dispute between Tanzania and mining group Acacia, which Barrick bought in a $1.2-billion transaction approved by a British court last month.

National Bank of Canada resumes coverage on Crescent Point Energy with an outperform rating

National Bank of Canada raised the rating on Detour Gold to outperform from sector perform

ON BAYSTREET

The TSX Venture Exchange remained lower 1.64 points on Friday to 542.43, but gained 1.67 points, or 0.31%, on the week.

ON WALLSTREET

U.S. stock index futures were slightly higher Monday amid optimism around U.S.-China trade talks and Brexit.

Futures for the Dow Jones Industrials got some momentum, gaining 37 points, or 0.1%, early Monday to 26,791

Futures for the S&P 500 gained eight points, or 0.3%, at 2,996.25

NASDAQ Composite futures acquired 26 points, or 0.3%, to 7,906.75

Investors were also focused on the corporate earnings season, with more than 120 S&P 500 companies on deck to report. McDonald's, Ford Motor, Boeing and Caterpillar are among the companies set to release their results.

The earnings season got off to a strong start last week with more than 81% of the companies reporting then beating expectations. To be sure, companies are beating muted expectations.

Cadence Design Systems, Celanese and Zions Bancorp are among some of the companies poised to report their latest quarterly figures after the market close Monday.

Chinese Vice Premier Liu He said over the weekend Beijing would work with the U.S. to address one another's trade concerns. He also said both sides have made "substantial progress" on trade. China's chief negotiator in the trade talks also said that stopping the trade war would be good for both countries — as well as the global economy.

Meanwhile, U.K. Prime Minister Boris Johnson is reluctantly pushing for a Brexit extension after Parliament postponed a vote Saturday to approve a deal on the country's divorce from the European Union.

Overseas, in Japan, the Nikkei 225 pointed ahead 0.6% Monday, while in Hong Kong, the Hang Seng Index gained 6.1 points.

Oil prices gave back 19 cents to $53.59 U.S. a barrel.

Gold prices dipped 10 cents to $1,494.00 U.S. an ounce.

Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. View delay times for all exchanges. Market Data powered by QuoteMedia. See the QuoteMedia Terms of Use.