Toronto futures up as Russia-Ukraine tensions ease -Breaking
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© Reuters. Toronto Stock Exchange signage is displayed on a Toronto Tower doorway in Toronto, Ontario Canada, January 23, 2019. REUTERS/Chris Helgren(Reuters) – Futures for Canada’s major stock index rose Tuesday in response to positive global sentiment following reports of Russian troops returning home from Ukraine.
March futures on the S&P/TSX index were up 0.6% at 6:56 a.m. ET.
Some Russian troops are returning to base after finishing drills in the military areas adjacent to Ukraine, Russia’s defense ministry said Tuesday. The move could reduce tensions between Moscow and Washington.
The Toronto Stock Exchange’s S&P/TSX composite index ended 0.9% lower at 21,352.51 on Monday. ()
Oil prices fell over 2% on Tuesday and energy stocks were expected to open lower as a result. This was due to easing tensions between Russia, Ukraine. [O/R]
They were up 400 point, or 1.6%, by 6:56 am. ET was up 67.75, which is 1.54%. They were also up 312.25, or 2.19%. [.N]
TOP STORIES [TOP/CAN]
Canadian Prime Minister Justin Trudeau has activated seldom used emergency powers on Monday in an attempt to end the protests that had paralyzed large parts of Toronto and shut down some U.S. border crossings.
HIGHLIGHTS FROM ANALYST-RESEARCH [RCH/CA]
Bank of Montreal: TD Securities raises the target price to C$170, from C$160
Canadian Western Bank (TSX): TD Securities increases target price from C$43 to C$47
Royal Bank of Canada: TD Securities increases target price from C$150 to C$165
COMMODITIES AT 7:00 a.m. ET
: $1853.3; -0.8% [GOL/]
US crude oil: $92.15, -3.47% [O/R]
: $93.44; -3.14% [O/R]
U.S. ECONOMIC DATA DUE TUESDAY
0830 NY Fed Manufacturing Feb: Expected 12.15. Prior -0.7
PPI Machine Manufacturing Jan: Previous 155.8
0830 PPI Final Demand yy Jan: Predicted 9.1%, Prior 9.7%
0830 PPI final Demand mm Jan: Expected 0.5%, Prior 0.2%
0830 PPI exfood/energy Jan: Estimated 7.9%. Prior 8.3%
0830 PPI Exfood/energy M for Jan: Predicted 0.5%, Prior 0.5%
0830 PPI ex food/energy/transport yy for Jan: Expected 6.3%; Prior 6.9%
0830 PPI ex food/energy/transport mm for Jan: Prior 0.4%
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