Dow and DuPont reaffirm to close merger in August 2017
June 28 Dow Chemical Co and DuPont on Wednesday reaffirmed their expectation to close their merger in August.
March 21 Stock futures pointed to a higher opening for Canada's main stock index on Tuesday as oil prices rose on expectations that OPEC-led output cut would be extended beyond June.
OPEC sources have indicated the group's members increasingly favor an extension but want the backing of non-OPEC oil producers, which have yet to deliver fully on existing cuts.
June futures on the S&P TSX index were up 0.18 percent at 7:10 a.m. ET.
Retail sales, due at 8:30 am. ET, are expected to have risen 1.1 pct in Jan.
Canada's benchmark stock index retreated on Monday as oil prices fell and heavyweight energy and financial shares lost ground, while the prospect of higher U.S. interest rates pressured defensive sectors, such as telecoms.
Dow Jones Industrial Average e-mini futures were up 0.04 percent at 7:10 a.m. ET, while S&P 500 e-mini futures were up 0.16 percent and Nasdaq 100 e-mini futures rose 1.19 percent.
Dominion Diamond Corp and fellow Canadian diamond miner Stornoway Diamond Corp have held talks about a potential merger in recent months, people familiar with the matter said on Monday.
ANALYST RESEARCH HIGHLIGHTS
AutoCanada Inc ACQ.TO: CIBC cuts target price to C$20 from C$22
BCE Inc BCE.TO: CIBC raises target price to C$60 from C$59
Stella-Jones Inc SJ.TO: Desjardins cuts to hold from buy
COMMODITIES AT 7:10 a.m. ET
Gold futures: $1,232.7; -0.11 pct
US crude: $48.52; +0.62 pct
Brent crude: $51.99; +0.72 pct
LME 3-month copper: $5,825.50; -0.93 pct
U.S. ECONOMIC DATA DUE ON TUESDAY
08:30 Current account for Q4: Expected -128.2 bln; Prior -113.0 bln
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Canadian markets directory ($1= C$1.33) (Reporting by Astha Rawat in Bengaluru; Editing by Anil D'Silva)
SAN FRANCISCO, June 28 Electric vehicle charging station maker ChargePoint Inc said on Wednesday it had secured $43 million in financing led by German engineering group Siemens AG, bringing to a close the U.S. company's latest funding round at $125 million.