May 18 (Reuters) - Canada's main stock index was set to
follow global markets lower on Wednesday, a day after strong
U.S. inflation data renewed expectations of an interest rate
hike by the U.S. Federal Reserve within months.
June futures on the S&P TSX index SXFc1 were down 0.15
percent at 7:25 a.m. ET.
The Toronto Stock Exchange's S&P/TSX composite index touched
a nearly seven-month high on Tuesday as higher commodity prices
supported energy and mining stocks, but some gains for the index
were pared as financial and consumer stocks fell.
The Federal Open Market Committee issues minutes from its
meeting of April 26-27 at 2:00 p.m. ET.
Data on foreign assets bought by Canadians and foreign
investment in Canadian securities is due at 8:30 a.m. ET
ECONCA .
Dow Jones Industrial Average e-mini futures 1YMc1 were
down 0.01 percent at 7:25 a.m. ET, while S&P 500 e-mini futures
ESc1 were up 0.01 percent and Nasdaq 100 e-mini futures NQc1
were up 0.02 percent. .N
(Morning News Call newsletter http://link.reuters.com/nex49s;
The Day Ahead newsletter http://link.reuters.com/mex49s)
TOP STORIES TOP/CAN
Firefighters were preparing to tackle hot weather and
gusting winds as they battled a massive wildfire raging near
Fort McMurray, Alberta, that threatens oil sands facilities and
work camps north of the city. AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1,274.90; -0.10 pct GOL/
US crude CLc1 : $48.40; +0.19 pct O/R
Brent crude LCOc1 : $49.25; -0.08 pct O/R
LME 3-month copper CMCU3 : $4,588.00; -1.48 pct MET/L
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Alacer Gold Corp ASR.TO : CIBC raises target price to
C$3.25 from C$2.75
Bank of Montreal BMO.TO : CIBC raises target price to C$84
from C$79
Bank of Nova Scotia BNS.TO : CIBC raises price target to
C$65 from C$61
U.S. ECONOMIC DATA DUE ON WEDNESDAY
No major economic releases are scheduled for the day.
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)