Nov 30 (Reuters) - Canada's main stock index looked set to
open higher on Monday as oil prices recovered ahead of a meeting
of the Organization of the Petroleum Exporting Countries (OPEC)
on Friday.
Although the producer group is not expected to change its
output policy, oil traders strengthened their positions to
prepare for any unexpected outcomes.
December futures on the S&P TSX index SXFc1 were up 0.34
percent at 7:10 a.m. ET.
Current account data for the third quarter is due at 8:30
a.m. ET ECONCA
Canada's main stock index closed lower on Friday, hurt by
weakness in resource shares after a plunge in China equities
weighed on commodity prices.
Dow Jones Industrial Average e-mini futures 1YMc1 were up
0.08 percent at 7:10 a.m. ET, while S&P 500 e-mini futures
Esc1 were up 0.05 percent and Nasdaq 100 e-mini futures NQc1
were up 0.20 percent. .N
(Morning News Call newsletter http://link.reuters.com/nex49s;
The Day Ahead newsletter http://link.reuters.com/mex49s)
TOP STORIES TOP/CAN
BlackBerry Ltd BB.TO will delay shutting down its
operations in Pakistan until Dec. 30 as negotiations continue
over government demands for access to users' private data, the
company and the telecoms authority said on Monday.
After shocking markets with an interest rate cut at the
start of the year, the Bank of Canada is expected to end 2015 on
a more sedate note, holding rates steady through next year and
waiting for better U.S. growth to provide a boost, according to
a Reuters poll.
COMMODITIES AT 7:10 a.m. ET COM/WRAP
Gold futures GCc2 : $1,055.60; -0.05 pct GOL/
US crude CLc1 : $42.09; +0.94 pct O/R
Brent crude LCOc1 : $45.39; +1.16 pct O/R
LME 3-month copper CMCU3 : $5,594.50; +0.42 pct MET/L
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Canadian Western Bank CWB.TO : National Bank Financial
raises target to C$26 from C$25
Empire Co EMPa.TO : National Bank Financial cuts target
price to C$31 from C$32.67
Merus Labs MSL.TO : CIBC starts with sector outperformer
rating; price target of C$2.90
U.S. ECONOMIC DATA DUE ON MONDAY
0945 Chicago PMI for Nov: Expected +54; Prior +56.2
1000 Pending Homes Index for Oct: Prior +106.8
1000 Pending sales change mm for Oct: Expected +1.5 pct;
Prior -2.3 pct
1030 Dallas Fed Manufacturing Business Index for Nov: Prior
-12.7
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$1.34)