TSX futures track global shares higher; Russia’s next move in focus

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March futures in the S&P/TSX index were up 0.3%, as of 0651 ET.

Western nations slapped new sanctions on Russia on Tuesday for ordering troops into separatist regions of eastern Ukraine and threatened to go further if Moscow launched an all-out invasion.

Further gains were limited as crude prices retreated from seven-year highs hit in the previous session as it became clear that the first wave of U.S. and European sanctions on Russia were unlikely to disrupt oil supplies. [O/R]

The Toronto Stock Exchange’s S&P/TSX composite index ended 0.5% lower at 20,907.82 on Tuesday, its fourth straight decline and its lowest closing level since Jan. 28. (TO)

Dow e-minis were up 166 points, or 0.5%, at 0651 ET, while S&P 500 e-minis were up 26 points, or 0.6%, and Nasdaq 100 e-minis were up 131.25 points, or 0.95%. [.N]

TOP STORIES [TOP/CAN]

Canadian Prime Minister Justin Trudeau announced on Tuesday a first round of economic sanctions on Russia a day after Moscow recognised the Ukraine separatist regions of Donetsk and Luhansk as independent.

ANALYST RESEARCH HIGHLIGHTS [RCH/CA]

Bank of Montreal: National Bank of Canada (OTC:NTIOF) raises target price to C$163 from C$151

Neighbourly Pharmacy Inc: Veritas Research raises to “buy” from “reduce”

Royal Bank of Canada: National Bank of Canada raises PT to C$147 from C$140

COMMODITIES AT 7:00 a.m. ET

Gold futures: $1895.5; -0.57% [GOL/]

US crude: $91.37; -0.59% [O/R]

Brent crude: $96.36; -0.5% [O/R]

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report (TO)

Canadian dollar and bonds report [CAD/] [CA/]

Reuters global stocks poll for Canada

Canadian markets directory

($1= C$1.27)