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TSX futures little changed as gold steadies

Published 2019-07-25, 07:19 a/m
© Reuters.  TSX futures little changed as gold steadies

July 25 (Reuters) - Canada's main stock index futures were little changed on Thursday, as gold prices steadied ahead of the European Central Bank's meeting on easing monetary policy.

September futures on the S&P/TSX index SXFc1 were down 0.03% at 7:00 a.m. ET.

Canada's average weekly earnings data for May is due at 8:30 a.m. ET.

The Toronto Stock Exchange's S&P/TSX .GSPTSE rose 39.16 points, or 0.24%, to 16,611.84 on Wednesday. Jones Industrial Average e-mini futures 1YMc1 were up 0.16% at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.06% and Nasdaq 100 e-mini futures NQc1 were down 0.06%. .N

TOP STORIES TOP/CAN

Canadian miner Teck Resources Ltd TECKb.TO reported a quarterly profit slightly below analyst estimates, hurt by lower copper and zinc prices. and gas producer Cenovus Energy CVE.TO missed quarterly profit estimates as the production cuts ordered by Alberta's provincial government in Canada hit output and higher Canadian crude prices hurt refining margins. Energy Inc SU.TO , Canada's second-largest oil and gas producer, on Wednesday reported a 5% rise in second-quarter operating profit and higher upstream production. UK Competition and Markets Authority (CMA) said it had found provisionally that sellers of antibiotic Nitrofurantoin broke competition law by "arranging to carve up the market between them". The watchdog said from 2014 to at least October 2017, two suppliers, Advanz Pharma Corp ADVZ.TO and Morningside, and a wholesaler, Alliance Healthcare, entered into arrangements under which Alliance would buy equal volumes of the drug from each of the suppliers so that they would not compete. RESEARCH HIGHLIGHTS RCH/CA

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Celestica Inc CLS.TO : Canaccord Genuity cuts price target to $7 from $8

Loblaw Companies Ltd L.TO : CIBC raises price target to C$77 from C$76

Lundin Mining Corp LUN.TO : Credit Suisse (SIX:CSGN) cuts price target to C$8.25 from C$9.00

COMMODITIES AT 7:00 a.m. ET COM/WRAP

Gold futures GCc2 : $1,426.7; +0.22% GOL/

US crude CLc1 : $56.5; +1.11% O/R

Brent crude LCOc1 : $63.92; +1.17% O/R

U.S. ECONOMIC DATA DUE ON THURSDAY

0830 Durable goods for Jun: Expected 0.7%; Prior -1.3%

0830 Durables goods excluding transportation for Jun: Expected 0.2%; Prior 0.4%

0830 Durables goods excluding defense mm for Jun: Prior -0.5%

0830 Nondefense Capital goods excluding aircraft for Jun: Expected 0.2%; Prior 0.5%

0830 Advance goods trade balance for Jun: Prior -$75.05 bln

0830 Wholesale inventories advance for Jun: Prior 0.4%

0830 Retail inventories advance excluding auto for Jun: Prior 0.3%

0830 Initial jobless claims: Expected 219,000; Prior 216,000

0830 Jobless claims 4-week average : Prior 218,750

0830 Continued jobless claims: Expected 1.688 mln; Prior 1.686 mln

1100 KC Fed Manufacturing for Jul: Prior -3

1100 KC Fed Composite Index for Jul: Prior 0

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$1.32)

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