(Reuters) – Canada’s primary inventory index was poised to open greater on Monday, monitoring sturdy international cues on hopes for progress in Russia-Ukraine talks, though weak point in commodities capped positive aspects.

March futures on the S&P/TSX index had been up 0.1% at 6:49 a.m. ET.

Diplomatic efforts to finish the battle in Ukraine have raised market hopes, with Ukrainian and Russian negotiators set to speak once more after each side cited progress.

costs had been down 4.9% a barrel, whereas misplaced 3.9%, whereas fell 1.0% to $1,963.1 an oz. [O/R][GOL/]

In the meantime, traders await home shopper worth knowledge due later within the week. Inflation is anticipated to have risen 5.5% in February.

The Toronto Inventory Trade’s S&P/TSX composite index ended 0.6% greater at 21,461.83 on Friday. ()

had been up 352 factors, or 1.07%, at 6:49 a.m. ET, whereas had been up 39.5 factors, or 0.94%, and had been up 93.5 factors, or 0.7%.[.N]

TOP STORIES [TOP/CAN]

Rio Tinto (NYSE:), proposed on Monday to purchase the 49% of Canada’s Turquoise Hill it doesn’t already personal for about $2.7 billion, paving the way in which for a direct possession of the large Oyu Tolgoi copper-gold mining undertaking in Mongolia.

ANALYST RESEARCH HIGHLIGHTS [RCH/CA]

Artemis Gold Inc: CIBC initiates protection with “outperform” score

Ascot Assets Ltd: CIBC initiates protection with “outperform” score

Skeena Assets Ltd: CIBC initiates protection with “outperform” score

COMMODITIES AT 7:00 a.m. ET

Gold futures: $1964; -1.06% [GOL/]

US crude: $103.62; -5.2% [O/R]

Brent crude: $107.97; -4.2% [O/R]

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($1= C$1.28)