July 11 (Reuters) - Stock futures pointed to a higher start
for Canada's main stock index on Monday as a strong U.S. monthly
jobs report last week boosted investor confidence and fiscal
stimulus announced by Japan added to the positive sentiment.
The June payrolls data on Friday assuaged fears that a
dismal showing in May was just an aberration and not indicative
of weakness in the U.S. labor market.
On Monday, Japanese Prime Minister Shinzo Abe ordered a new
round of fiscal stimulus after a crushing election victory over
the weekend as evidence mounted the corporate sector was
floundering due to weak demand.
Investors also expect China to roll out more stimulus after
inflation numbers fell short of expectations.
September futures on the S&P TSX index SXFc1 were up 0.36
percent at 7:30 a.m. ET.
Canada housing starts data is due at 8:15 a.m. ET. ECONCA
The Toronto Stock Exchange's S&P/TSX composite index jumped
on Friday as resource, railway, industrial and bank stocks
gained.
Dow Jones Industrial Average e-mini futures 1YMc1 were up
0.44 percent at 7:30 a.m. ET, while S&P 500 e-mini futures
ESc1 were up 0.40 percent and Nasdaq 100 e-mini futures NQc1
were up 0.56 percent.
TOP STORIES
Thomson Reuters Corp TRI.TO said it would sell its
intellectual property and science business to private equity
firms Onex Corp OCX.TO and Baring Private Equity Asia for
$3.55 billion in cash. AT 7:30 a.m. ET COM/WRAP
Gold futures GCc2 : $1,359.40; +0.21 pct GOL/
US crude CLc1 : $44.96; -0.99 pct O/R
Brent crude LCOc1 : $46.32; -0.96 pct O/R
LME 3-month copper CMCU3 : $4,770; +1.24 pct MET/L
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Canadian Natural Resources Ltd CNQ.TO : JP Morgan raises
price target to C$46 from C$44
Street Capital Group Inc SCB.TO : Raymond James starts
coverage with price target of C$1.65
Suncor Energy Inc SU.TO : JP Morgan cuts price target to
C$38 from C$41
U.S. ECONOMIC DATA DUE ON MONDAY
1000 The Conference Board Employment Trends Index for Jun:
Prior 126.8
($1= C$1.31)