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CANADA STOCKS-TSX futures up as focus turns to earnings

Published 2019-08-01, 07:38 a/m
© Reuters.  CANADA STOCKS-TSX futures up as focus turns to earnings
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Aug 1 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Thursday as investors parsed through a host of major company earnings.

September futures on the S&P/TSX index SXFc1 were up 0.1% at 7:00 a.m. ET.

The Toronto Stock Exchange's S&P/TSX .GSPTSE fell 59.49 points, or 0.36 percent, to 16,406.56 on Wednesday. Jones Industrial Average e-mini futures 1YMc1 were up 0.18% at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.13% and Nasdaq 100 e-mini futures NQc1 were up 0.23%. .N

TOP STORIES TOP/CAN

Britain's London Stock Exchange LSE.L has agreed to buy financial information provider Refinitiv in a $27 billion deal aimed at offering trading across regions and currencies and positioning the company as a competitor to Bloomberg. Bombardier Inc BBDb.TO reported a larger quarterly loss than analysts had expected, and lowered its full-year earnings forecast, as the company wrestled with challenges in its key rail division. Reuters Corp TRI.TO raised its sales and core profit outlook for 2019 and 2020 after reporting 4% organic revenue growth in the second quarter, which it said was its best since 2008 and ahead of its expectations. Natural Resources Ltd CNQ.TO beat estimates for quarterly profit, as higher prices for Canadian crude helped offset lower production. RESEARCH HIGHLIGHTS RCH/CA

Bausch Health Companies Inc BHC.TO : Jefferies raises target price to $32 from $31

Cargojet Inc CJT.TO : RBC raises target price to C$119 from C$100

Painted Pony Energy Ltd PONY.TO : Canaccord Genuity cuts target price to C$1.6 from C$1.75

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

Gold futures GCc2 : $1409.6; -1.36 percent GOL/

US crude CLc1 : $57.85; -1.25 percent O/R

Brent crude LCOc1 : $64.45; -0.92 percent O/R

U.S. ECONOMIC DATA DUE ON THURSDAY

0730 Challenger layoffs for Jul: Prior 41,977

0830 Initial jobless claims: Expected 214,000; Prior 206,000

0830 Jobless claims 4-week average : Prior 213,000

0830 Continued jobless claims : Expected 1.678 mln; Prior 1.676 mln

0945 Markit Manufacturing PMI Final for Jul: Prior 50.0

1000 Construction spending mm for Jun: Expected 0.3%; Prior -0.8%

1000 ISM Manufacturing PMI for Jul: Expected 52.0; Prior 51.7

1000 ISM Manufacturing Prices Paid for Jul: Expected 49.6; Prior 47.9

1000 ISM Manufacturing Employment Index for Jul: Expected 53.4; Prior 54.5

1000 ISM Manufacturing New Orders Index for Jul: Prior 50.0

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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