June futures on the S&P/TSX index were up 0.4% at 6:48 a.m. ET. Oil prices extended gains after the Organization of Petroleum Exporting Countries and its allies said on Sunday they planned to cut more production. Among stocks, Rockefeller Capital Management, a wealth manager and financial advisory firm, sold a 20.5% equity stake to IGM Financial Inc for about $622 million, the companies said. Brookfield Asset Management Ltd has started the sale of a 50% stake in a U.S. wind farm, as per a report. Later in the day, traders await February domestic building permits data which is expected to rise 2%, as per a Reuters poll, compared to a 4% decline in the previous month. The data is expected at 8:30 am ET.
On Monday, the Toronto Stock Exchange's S&P/TSX composite index ended 0.9% up boosted by gains in the energy sector. Dow e-minis were up 83 points, or 0.25% at 6:48 a.m. ET, while S&P 500 e-minis were up 15.5 points, or 0.37% and Nasdaq 100 e-minis were up 61.75 points, or 0.47%. COMMODITIES AT 6:48 a.m. ET
Gold futures : $1,981.7; -0.12% US crude : $81.17; +0.9% Brent crude : $85.7; +0.8% U.S. ECONOMIC DATA DUE ON TUESDAY Feb Factory orders due at 10 am ET Feb JOLTS job openings due at 10 am ET
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 = 1.3417 Canadian dollars)
(Reporting by Johann M Cherian in Bengaluru; Editing by Krishna
Chandra Eluri)
