August 25 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Thursday as investors took to the sidelines ahead of one of the big global central banker gatherings of the year.
The annual central bankers' meeting in Jackson Hole, Wyoming starts later today, and will see U.S. Federal Reserve chief Janet Yellen speak on Friday. futures on the S&P TSX index SXFc1 were down 0.25 percent at 7:15 a.m. ET.
Canada's main stock index posted its biggest decline in more than eight weeks on Wednesday as lower metal and oil prices sent shares of resource companies tumbling. Jones Industrial Average e-mini futures 1YMc1 were down 0.22 percent at 7:15 a.m. ET. S&P 500 e-mini futures ESc1 were down 0.23 percent and Nasdaq 100 e-mini futures NQc1 were down 0.22 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 Imperial Bank of Commerce CM.TO , Canada's fifth-biggest lender, reported a 47 percent rise in third-quarter profit, helped by growth in its retail and business banking as well as capital markets units. Bank TD.TO , Canada's second-biggest lender, reported third-quarter earnings that were ahead of market expectations, helped by growth in its U.S. retail and wholesale banking business. broadcaster ITV ITV.L said it would not bid for Entertainment One ETO.L after failing to persuade the owner of the children's TV character Peppa Pig to enter into a formal process.
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Pretium Resources Inc PVG.TO : CIBC raises target price to C$15 from C$14
Prometic Life Sciences Inc PLI.TO : CIBC cuts target price to C$4.85 from C$5
Royal Bank of Canada RY.TO : Barclays (LON:BARC) raises price target to C$74 from C$72;"underweight"
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1324; -0.03 percent GOL/
US crude CLc1 : $46.56; -0.45 percent O/R
Brent crude LCOc1 : $48.81; -0.49 percent O/R
LME 3-month copper CMCU3 : $4632.5; +0.01 percent MET/L
U.S. ECONOMIC DATA DUE ON THURSDAY
0830 Durable goods for July: Expected 3.3 pct; Prior -3.9 pct
0830 Durables ex-transport for July: Expected 0.5 pct; Prior -0.4 pct
0830 Durables ex-defense mm for July: Prior -3.8 pct
0830 Nondefense cap ex-air for July: Expected 0.3 pct; Prior 0.4 pct
0830 Initial jobless claims: Expected 265,000; Prior 262,000
0830 Jobless claims 4 week Average: Prior 265,250
0830 Continued jobless claims: Expected 2.153 mln; Prior 2.175 mln
0945 Markit Composite Flash PMI for August: Prior 51.80
0945 Markit Services PMI flash for August: Expected 52.0; Prior 51.4
1100 KC Fed Manufacturing for August: Prior -15
1100 KC Fed Composite Index for August: Prior -6
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