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CANADA STOCKS-TSX futures dip on political uncertainty

Published 2018-05-10, 07:38 a/m
© Reuters.  CANADA STOCKS-TSX futures dip on political uncertainty
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May 10 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Thursday amid political uncertainty after Israel said it attacked nearly all of Iran's military infrastructure in Syria after Iranian forces fired rockets at Israeli-held territory for the first time.

It was the heaviest Israeli barrage in Syria since the start in 2011 of its civil war, in which Iranians, allied Shi'ite militias and Russian soldiers have deployed in support of President Bashar al-Assad. futures on the S&P TSX index SXFc1 were down 0.24 percent at 7:15 a.m. ET.

New housing price index data for March is due at 8:30 a.m. ET

The Toronto Stock Exchange's S&P/TSX .GSPTSE rose 68.10 points, or 0.43 percent, to 15,910.81 as oil prices rose in the wake of the decision by U.S. President Donald Trump to quit a nuclear deal with Iran. Jones Industrial Average e-mini futures 1YMc1 were down 0.01 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.09 percent and Nasdaq 100 e-mini futures NQc1 were up 0.14 percent. .N

(Morning News Call newsletter http://share.thomsonreuters.com/assets/newsletters/Morning_News_Call/MNC_US.pdf ; The Day Ahead newsletter http://share.thomsonreuters.com/assets/newsletters/The_Day_Ahead/TDA_NAM.pdf)

TOP STORIES TOP/CAN

Enbridge Inc's ENB.TO first-quarter profit handily topped analysts' forecasts on Thursday, as Canada's largest pipeline operator transported higher volumes of crude oil and natural gas. auto parts maker Magna International Inc MG.TO raised its full-year sales and profit forecasts on Thursday after posting higher sales across its businesses in the first quarter. telecom provider Telus Corp T.TO reported a 2.4 percent drop in first-quarter profit on Thursday, hurt by higher operating expenses. Canadian Tire Corp CTCa.TO said on Thursday it would buy Norway-based sportswear and work-wear brand Helly Hansen for C$985 million, including debt. RESEARCH HIGHLIGHTS RCH/CA

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Alcanna Inc LIQ.TO : CIBC cuts price target to C$10 from C$13

Franco-Nevada FNV.TO : National Bank of Canada raises target price to C$107.50 from C$105

Open Text Corp OTEX.TO : Barclays (LON:BARC) raises target price to C$59 from C$57

COMMODITIES AT 7:15 a.m. ET COM/WRAP

Gold futures GCc2 : $1,316.5; +0.27 pct GOL/

U.S. crude CLc1 : $71.51; +0.52 pct O/R

Brent crude LCOc1 : $77.33; +0.16 pct O/R

LME 3-month copper CMCU3 : $6,892.5; +1.21 pct MET/L

U.S. ECONOMIC DATA DUE ON THURSDAY

0830 Core CPI mm, SA for Apr: Expected 0.2 pct; Prior 0.2 pct

0830 Core CPI yy, NSA for Apr: Expected 2.2 pct; Prior 2.1 pct

0830 CPI Index, NSA for Apr: Expected 250.684; Prior 249.554

0830 Core CPI Index, SA for Apr: Prior 256.2

0830 CPI mm, SA for Apr: Expected 0.3 pct; Prior -0.1 pct

0830 CPI yy, NSA for Apr: Expected 2.5 pct; Prior 2.4 pct

0830 Real weekly earnings mm for Apr: Expected -0.1 pct; Prior 0.4 pct

0830 Initial jobless claims: Expected 218,000; Prior 211,000

0830 Jobless claims 4-week average: Prior 221,500

0830 Continued jobless claims: Expected 1.778 mln; Prior 1.756 mln

1100 Cleveland fed CPI for Apr: Prior 0.3 pct

1400 Federal Budget for Apr: Expected $193.75 bln; Prior -$209.00 bln

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$1.28)

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