Dec 22 (Reuters) - Stock futures pointed to a lower opening
for Canada's main stock index on Tuesday even as crude oil
prices edged up from multi-year lows.
Oil prices rose slightly to retreat from 11-year lows as
investors closed bearish positions ahead of the year-end holiday
but global oversupply capped gains.
March futures on the S&P TSX index SXFc1 were down 0.26
percent at 7:30 a.m. ET.
No major economic events are scheduled for the day ECONCA .
The Toronto Stock Exchange's S&P/TSX composite index ended
little changed on Monday as energy stocks gave up early gains,
but investors scooped up shares in safe-haven sectors such as
consumer staples and healthcare, while gold producers climbed.
Dow Jones Industrial Average e-mini futures 1YMc1 were
down 0.04 percent at 7:30 a.m. ET, while S&P 500 e-mini futures
Esc1 were down 0.04 percent and Nasdaq 100 e-mini futures
NQc1 were down 0.15 percent. .N
(Morning News Call newsletter http://link.reuters.com/nex49s;
The Day Ahead newsletter http://link.reuters.com/mex49s)
TOP STORIES TOP/CAN
Australia's antitrust regulator said it would consider a
watered down version of Canadian infrastructure giant Brookfield
Asset Management Inc's BAMa.TO $6.5 billion bid for freight
firm Asciano Ltd AIO.AX , reviving the prospect of a deal.
Canada's federal and provincial financial ministers are
considering not raising premiums for the Canada Pension Plan
(CPP), federal Liberal Finance Minister Bill Morneau said on
Monday, despite a Liberal campaign promise to enhance the plan.
COMMODITIES AT 7:30 a.m. ET COM/WRAP
Gold futures GCc2 : $1,076.90; -0.34 pct GOL/
US crude CLc1 : $35.87; +0.20 pct O/R
Brent crude LCOc1 : $36.33; +0.06 pct O/R
LME 3-month copper CMCU3 : $4,692.50; -0.96 pct MET/L
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Canadian Pacific Railway CP.TO : Barclays (L:BARC) cuts price target
to C$190 from C$210
CIBC CM.TO : RBC cuts price target to C$107 from C$109
Oban Mining Corp OBM.TO : Dundee Capital starts coverage
with "buy" rating
U.S. ECONOMIC DATA DUE ON TUESDAY
0830 Corporate profits revise for Q3: Expected 1.3 pct;
Prior -1.6 pct
0830 GDP final for Q3: Expected 1.9 pct; Prior 2.1 pct
0830 GDP sales final for Q3: Expected 2.7 pct; Prior 2.7 pct
0830 GDP cons spending final for Q3: Prior 3.0 pct
0830 GDP deflator final for Q3: Expected 1.3 pct; Prior 1.3
pct
0830 Core PCE prices final for Q3: Expected 1.3 pct; Prior
1.3 pct
0830 PCE prices final for Q3: Expected 1.3 pct; Prior 1.3
pct
0855 Redbook mm: Prior -0.8 pct
0855 Redbook yy: Prior 1.5 pct
0900 Monthly home price mm for Oct: Prior 0.8 pct
0900 Monthly home price yy for Oct: Prior 6.1 pct
0900 Monthly Home Price Index for Oct: Prior 226.5
1000 Existing home sales for Nov: Expected 5.35 mln; Prior
5.36 mln
1000 Existing home sales percentage change for Nov: Expected
0.0 pct; Prior -3.4 pct
1000 Rich Fed Composite Index for Dec: Prior -3
1000 Rich Fed, Services Index for Dec: Prior -1
1000 Rich Fed Manufacturing Shipments for Dec: Prior -2
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$1.39)