Stock futures pointed to a higher start for Canada's main stock index on Tuesday as oil prices steadied near their 11-year lows, under pressure from slowing global demand and abundant supplies.
The S&P/TSX composite index gained 24.89 points Thursday to conclude the last, shortened, session before Christmas at 13,309.80, its fifth straight positive close, constituting its longest wining streak since Oct. 8. March futures on the TSX were ahead 0.1% Tuesday morning.
The Canadian dollar dipped 0.01 cents to 71.82 cents U.S. early Tuesday
The markets closed early on Thursday and all day Friday and Monday, to re-open Tuesday.
ON BAYSTREET
The TSX Venture Exchange acquired 5.4 points Thursday to 516.83
ON WALLSTREET
U.S. stock futures are finding momentum early Tuesday morning, as 2015 winds down.
Ahead of the opening bell, futures for the Dow Jones Industrials galloped 91 points, or 0.5%, to 17,529, futures for the S&P 500 picked up 9.25 points, or 0.5%, to 2,058. NASDAQ futures acquired 24 points, or 0.5%, to 4,637.75
Valeant shares could be shaken up today, after the troubled drug maker said its Chairman and CEO J. Michael Pearson has gone on immediate medical leave.
At 10 a.m. ET, the U.S. Conference Board will update its Consumer Confidence Index with a December reading. In November, the index hit 90.4, a big dropoff from October's 99.1.
European markets are bouncing higher, with shares in Paris and Frankfurt up by more than 1%. Asian markets rebounded as well after falling Monday.
Deutsche Bank has decided to sell its 20% stake in China's Hua Xia Bank for about 3.5 billion euros ($4 billion U.S.) to raise capital. Its shares jumped 2% in early trading.
Oil prices gained 28 cents to $37.09 U.S. a barrel
Gold prices picked up $2.53 to $1,071.61 U.S. an ounce.
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