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CANADA STOCKS-Futures lower as oil price drop weighs on energy shares

Published 2018-10-18, 07:27 a/m
CANADA STOCKS-Futures lower as oil price drop weighs on energy shares
XAU/USD
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IOF
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GC
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LCO
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ESM24
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CL
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1YMM24
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NQM24
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SXFc1
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BX
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GSPTSE
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CFW
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KMI
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Oct 17 (Reuters) - Futures for Canada's main stock index were marginally lower on Thursday, as a drop in oil prices led to losses in energy shares.

Oil slipped below $80 a barrel as an increase in U.S. crude inventories suggested ample supply, while Saudi-U.S. tension and falling Iranian exports lent support. futures on the S&P/TSX index SXFc1 were slightly down 0.08 percent at 7:10 a.m. ET.

The Toronto Stock Exchange S&P/TSX composite index .GSPTSE closed down 49.84 points, or 0.32 percent, at 15,529.90 on Wednesday. Jones Industrial Average e-mini futures 1YMc1 were down 0.26 percent at 7:10 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.36 percent and Nasdaq 100 e-mini futures NQc1 were down 0.48 percent. .N

TOP STORIES TOP/CAN

Kinder Morgan (NYSE:KMI) Canada Ltd's KML.TO third-quarter profit surged as it recorded a one-time gain of C$1.31 billion from the sale of its TransMountain pipeline. equity giant Blackstone (NYSE:BX) Group BX.N has quit a takeover battle for Australian office-block owner Investa Office Fund IOF.AX after it was gazumped by Canadian landlord Oxford Properties Group's A$3.35 billion bid. RESEARCH HIGHLIGHTS RCH/CA

Calfrac Well Services Ltd CFW.TO : JP Morgan cuts rating to underweight from neutral

Imperial Oil Ltd IMO.TO : National Bank of Canada raises price target to C$46 from C$45

Kinder Morgan Canada Ltd KML.TO : CIBC cuts price target to C$16 from C$17

COMMODITIES AT 7:10 a.m. ET COM/WRAP

Gold futures GCcv1 : $1223.9; fell 0.07 percent GOL/

US crude CLc1 : $69.09; fell 0.95 percent O/R

Brent crude LCOc1 : $79.18; fell 1.09 percent O/R

U.S. ECONOMIC DATA DUE ON THURSDAY

0830 Initial jobless claims for 13 Oct: Expected 212,000; Prior 214,000

0830 Jobless claims 4-week average for 13 Oct: Prior 209,500

0830 Continued jobless claims for 06 Oct: Expected 1.665mln; Prior 1.660 mln

0830(approx) Philly Fed Business Index for Oct: Expected 20.0; Prior 22.9

0830(approx) Philly Fed 6M Index for Oct: Prior 36.30

0830(approx) Philly Fed Capex Index for Oct: Prior 26.70

0830(approx) Philly Fed Employment for Oct: Prior 17.60

0830(approx) Philly Fed Prices Paid for Oct: Prior 39.60

0830(approx) Philly Fed New Orders for Oct: Prior 21.40

1000 Leading index change mm for Sep: Expected 0.5 pct; Prior 0.4 pct

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report .TO

Canadian dollar and bonds report CAD/ CA/

Reuters global stocks poll for Canada EQUITYPOLL1 EPOLL/CA

Canadian markets directory CANADA ($1 = C$1.30)

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