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CANADA STOCKS-Weakness in oil prices weighs on TSX futures

Published 2017-05-12, 07:35 a/m
© Reuters.  CANADA STOCKS-Weakness in oil prices weighs on TSX futures
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May 12 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Friday as oil prices slipped on concerns over global oversupply.

June futures on the S&P TSX index SXFc1 were down 0.08 percent at 7:20 a.m. ET.

Canada's main stock index fell on Thursday, as a Moody's downgrade of Canadian banks struck financials, and frequent-flyer points operator Aimia Inc AIM.TO plunged on news its program would be dropped by the country's largest airline. major economic releases are scheduled in Canada ECONCA .

Dow Jones Industrial Average e-mini futures 1YMc1 were down 0.1 percent at 7:20 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.17 percent and Nasdaq 100 e-mini futures NQc1 were down 0.07 percent. .N

(Morning News Call newsletter http://share.thomsonreuters.com/assets/newsletters/Morning_News_Call/MNC_US.pdf ; The Day Ahead newsletter http://share.thomsonreuters.com/assets/newsletters/The_Day_Ahead/TDA_NAM.pdf)

TOP STORIES TOP/CAN

Canada's biggest non-bank lender Home Capital Group Inc HCG.TO disclosed data on Friday that showed the rate of withdrawals by depositors slowed for a second day in a row. Inc AYA.TO , AYA.O , the owner of online gambling sites PokerStars and Full Tilt, reported an 18.5 percent increase in quarterly profit, as it attracted more customers. Inc ENB.TO , ENB.N , North America's largest energy infrastructure company, said on Thursday it may acquire more assets and forecast a rise in adjusted earnings this year following its purchase of Spectra Energy Corp (F:SEP). RESEARCH HIGHLIGHTS RCH/CA

Aimia Inc AIM.TO : CIBC cuts target price to C$3.25 from C$8

Linamar Corp LNR.TO : CIBC raises target price to C$69 from C$65

Westport Fuel Systems WPRT.TO : Cowen and Company raises target to C$1.50 from C$1.25

COMMODITIES AT 7:20 a.m. ET COM/WRAP

Gold futures GCc2 : $1228.5; +0.35 percent GOL/

US crude CLc1 : $47.75; -0.17 percent O/R

Brent crude LCOc1 : $50.74; -0.06 percent O/R

LME 3-month copper CMCU3 : $5548; +0.09 percent MET/L

U.S. ECONOMIC DATA DUE ON FRIDAY

08:30 Core CPI mm, SA for Apr: Expected 0.2 pct; Prior -0.1 pct

08:30 Core CPI yy, NSA for Apr: Expected 2.0 pct; Prior 2.0 pct

08:30 CPI Index, NSA for Apr: Expected 244.60; Prior 243.8

08:30 Core CPI Index, SA for Apr: Prior 250.99

08:30 CPI mm, SA for Apr: Expected 0.2 pct; Prior -0.3 pct

08:30 CPI yy, NSA for Apr: Expected 2.3 pct; Prior 2.4 pct

08:30 Real weekly earnings mm for Apr: Prior 0.5 pct

08:30 Retail sales ex-autos mm for Apr: Expected 0.5 pct; Prior 0.0 pct

08:30 Retail sales mm for Apr: Expected 0.6 pct; Prior -0.2 pct

08:30 Retail ex gas/autos for Apr: Prior 0.1 pct

08:30 Retail control for Apr: Expected 0.4 pct; Prior 0.6 pct

10:00 Business inventories mm for Mar: Expected 0.1 pct; Prior 0.3 pct

10:00 Retail Inventory Ex Auto (R) for Mar: Prior 0.2

10:00 U Mich Sentiment Preliminary for May: Expected 97; Prior 97

10:00 U Mich Conditions Preliminary for May: Expected 112.7; Prior 112.7

10:00 U Mich Expectations Preliminary for May: Expected 87; Prior 87

10:00 U Mich 1 year inflation preliminary for May: Prior 2.5 pct

10:00 U Mich 5-year inflation preliminary for May: Prior 2.4 pct

10:30 ECRI Weekly Index: Prior 144.4

10:30 ECRI weekly annualized: Prior 5.4 pct

11:00 Cleveland fed CPI for Apr: Prior 0.2 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$1.37) (Reportin by Nikhil Kumar in Bengaluru; Editing by Saumyadeb Chakrabarty)

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