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CANADA STOCKS-Futures drop as oil slips 3 pct

Published 2017-07-07, 07:21 a/m
© Reuters.  CANADA STOCKS-Futures drop as oil slips 3 pct

July 7 (Reuters) - Canadian stock futures looked set to open lower on Friday as oil prices fell after data showed U.S. production rose last week, coinciding with a year-high rise in exports from OPEC countries.

September futures on the S&P TSX index SXFc1 were down 0.16 percent at 7:15 a.m. ET.

Data showing employment change is due at 8:30 a.m. ET. ECONCA

Canada's benchmark stock index fell on Thursday in a broad retreat, with Tahoe Resources Inc THO.TO plunging after its license to operate in Guatemala was suspended and Toronto housing data weighing on the financial sector. Jones Industrial Average e-mini futures 1YMc1 were down 0.03 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.02 percent and Nasdaq 100 e-mini futures NQc1 were up 0.11 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

Canadian oil producer Paramount Resources Ltd POU.TO said on Thursday that it would buy the Canadian subsidiary of U.S. oil and gas firm Apache Corp (NYSE:APA) APA.N for $459.5 million. RESEARCH HIGHLIGHTS RCH/CA

Barrick Gold Corp ABX.TO : BMO cuts rating to "market perform" from "outperform"

CCL Industries Inc CCLb.TO : Keybanc cuts rating to "sector weight" from "overweight"

Precision Drilling Corp PD.TO : Raymond James raises rating to "strong buy" from "outperform"

COMMODITIES AT 7:15 a.m. ET COM/WRAP

Gold futures GCc2 : $1,220.1; -0.17 pct GOL/

US crude CLc1 : $44.13; -3.08 pct O/R

Brent crude LCOc1 : $46.71; -2.91 pct O/R

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LME 3-month copper CMCU3 : $5,829.50; -0.37 pct MET/L

U.S. ECONOMIC DATA DUE ON FRIDAY

0830 Non-Farm payrolls for Jun: Expected 179,000; Prior 138,000

0830 Private payrolls for Jun: Expected 172,000; Prior 147,000

0830 Manufacturing payrolls for Jun: Expected 5,000; Prior -1,000

0830 Government payrolls for Jun: Prior -9000

0830 Unemployment rate for Jun: Expected 4.3 pct; Prior 4.3 pct

0830 Average earnings mm for Jun: Expected 0.3 pct; Prior 0.2 pct

0830 Average workweek hours for Jun: Expected 34.4 hrs; Prior 34.4 hrs

0830 Labor force participation for Jun: Prior 62.7 pct

0830 U6 underemployment for Jun: Prior 8.4 pct

1030 ECRI Weekly Index: Prior 143.1

1030 ECRI weekly annualized: Prior 3.0 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$1.30)

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