Published Mar 14, 2018 07:33
CANADA STOCKS-TSX futures point to higher open as oil prices rise
March 14 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Wednesday as crude oil prices rose on strong Chinese factory data.
March futures on the S&P TSX index SXFc1 were up 0.48 percent at 7:15 a.m. ET.
Canadian producers of industrial metals such as copper and palladium will also be in focus as the upbeat data lifted prices of the commodities.
The country's main stock index ended higher on Tuesday as gold and energy companies advanced and as comments from Bank of Canada Governor Stephen Poloz indicated the central bank will remain cautious in its policy decisions. Jones Industrial Average e-mini futures 1YMc1 were up 0.4 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.3 percent and Nasdaq 100 e-mini futures NQc1 were up 0.5 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
The U.S. Commerce Department said on Tuesday it had made a preliminary finding that some imports from Canada of uncoated groundwood paper used in newsprint were dumped, and imposed preliminary duties of up to 22.16 percent. RESEARCH HIGHLIGHTS RCH/CA
Bellatrix Exploration Ltd BXE.TO : Canaccord Genuity cuts price target to C$1.75 from C$2.25
Petrus Resources Ltd PRQ.TO : CIBC initiates coverage with neutral rating, price target C$1.50
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc2 : $1325.6; -0.11 percent GOL/
US crude CLc1 : $61.13; +0.69 percent O/R
Brent crude LCOc1 : $65.03; +0.6 percent O/R
LME 3-month copper CMCU3 : $7024; +1.14 percent MET/L
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0830 PPI final demand yy for Feb: Expected 2.8 pct; Prior 2.7 pct
0830 PPI final demand mm Feb: Expected 0.1 pct; Prior 0.4 pct
0830 PPI exfood/energy yy for Feb: Expected 2.5 pct; Prior 2.2 pct
0830 PPI exrood/energy mm for Feb: Expected 0.2 pct; Prior 0.4 pct
0830 PPI ex food/energy/tr yy for Feb: Prior 2.5 pct
0830 PPI ex food/energy/tr mm for Feb: Prior 0.4 pct
0830 Retail sales ex-autos mm for Feb: Expected 0.4 pct; Prior 0 pct
0830 Retail sales mm for Feb: Expected 0.3 pct; Prior -0.3 pct
0830 Retail ex gas/autos for Feb: Prior -0.2 pct
0830 Retail control for Feb: Expected 0.4 pct; Prior 0 pct
1000 Business inventories mm for Jan: Expected 0.6 pct; Prior 0.4 pct
1200 TR IPSOS PCSI for Mar: Prior 63.06
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)
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.