TSX futures kick off week on copper boost, Middle East conflict weighs

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Oct 16 - Futures for Canada's main stock index moved higher on Monday as copper prices rose, but worries over the ongoing crisis in the Middle East capped gains ahead of an earnings-heavy week.Materials stocks are expected to get a boost from copper prices edging upward on a weaker dollar, while gold drifted lower. Still, demand remained crucial for the safe-haven asset over the potential escalation of conflict in the Middle East.

All eyes will be on the results from major U.S. companies - includingh banks Goldman Sachs , Bank of America , Morgan Stanley , pharmaceutical giant Johnson & Johnson , electric automaker Tesla and video-streaming pioneer Netflix - through the week.

 

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