April 17 (Reuters) - Futures for Canada's main stock
index edged up on Monday, with strength in gold prices limiting
the drag from crude, while investors took cues from a subdued
mood on Wall Street.
June futures on the S&P/TSX index were up 0.1% at
6:55 a.m. ET.
Spot gold prices rose on weakening dollar, as mixed
economic data prompted investors to reassess the U.S. Federal
Reserve's interest rate hike trajectory. Oil prices were steady as investors eyed Chinese economic
data for signs of demand recovery in the world's second-largest
oil consumer. U.S. stock index futures were largely flat as investors
awaited more bank earnings and views from Fed policymakers that
could shape expectations around when the central bank would
pause its monetary policy tightening. The Toronto Stock Exchange's S&P/TSX composite index had closed at its highest in six weeks on Friday,
helped by gains from energy and financial shares, while weaker
gold prices drove down mining stocks.
In company news, Teck Resources Ltd has been
approached by Vale SA , Anglo American Plc and
Freeport-McMoRan Inc , among others, to explore deals
for its base metals business if the copper miner goes ahead with
a planned split, sources close to the matter told Reuters on
Sunday.
COMMODITIES AT 6:55 a.m. ET
Gold futures : $2,011.4; +0.24% US crude : $82.14; -0.46% Brent crude : $85.94; -0.43% 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 = 1.3360 Canadian dollars)
(Reporting by Shristi Achar A in Bengaluru; Editing by Shilpi
Majumdar)
