July 27 (Reuters) - Canada's main stock index was set to open higher on Wednesday, tracking global equities after Japanese Prime Minister Shinzo Abe unveiled a surprisingly large $265 billion stimulus package to reflate Japan's economy.
The Bank of Japan is expected to match the measures with monetary stimulus at its rate review meeting on Friday. focus was also on quarterly results from major companies including Barrick Gold Corp ABX.TO , Goldcorp Inc G.TO and Suncor Energy Inc SU.TO later in the day.
September futures on the S&P TSX index SXFc1 were up 0.14 percent at 7:30 a.m. ET.
Canada's main stock index rose on Tuesday, helped by gains in stocks of gold miners, other materials companies and banks, as bullion prices rose ahead of the U.S. Federal Reserve interest rate meeting. major Canadian data is scheduled for release on Tuesday. ECONCA
Dow Jones Industrial Average e-mini futures 1YMc1 were up 0.19 percent at 7:30 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.14 percent and Nasdaq 100 e-mini futures NQc1 were up 0.69 percent. .N
(Morning News Call newsletter http://link.reuters.com/nex49s; The Day Ahead newsletter http://link.reuters.com/mex49s)
TOP STORIES TOP/CAN
Canadian miner Sherritt International Corp S.TO is confident it and its partners in a large Madagascar nickel mine will reach agreement soon with lenders to defer repaying project loans for several years, CEO David Pathe said on Tuesday. oil spill into a major Canadian river from a Husky Energy Inc HSE.TO pipeline started late on July 20, but flows were not shut down until the following morning, the company said on Tuesday. AT 7:30 a.m. ET COM/WRAP
Gold futures GCc2 : $1,320; -0.06 pct GOL/
US crude CLc1 : $42.70; -0.49 pct O/R
Brent crude LCOc1 : $44.42; -0.98 pct O/R
LME 3-month copper CMCU3 : $4,882.50; -0.96 pct MET/L
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Bonavista Energy Corp BNP.TO : Raymond James raises price target to C$3.75 from C$3.50
Whitecap Resources Inc WCP.TO : Canaccord Genuity starts coverage with "buy" rating
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0830 Manufacturers New Orders, Durable goods total for Jun: Expected -1.1 pct; Prior -2.3 pct
0830 Durable goods excluding transportation for Jun: Expected 0.3 pct; Prior -0.3 pct
0830 Durable goods excluding defense mm for Jun: Prior -0.9 pct
0830 Nondefense capital goods excluding aircraft for Jun: Expected 0.3 pct; Prior -0.4 pct
1000 Pending Home Sales Index for Jun: Prior 110.8
1000 Pending home sales change mm for Jun: Expected 1.4 pct; Prior -3.7 pct
1400 Fed funds target rate: Expected 0.375 pct; Prior 0.375 pct
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)