Sept 8 (Reuters) - Stock futures indicated a higher opening for Canada's main stock index on Thursday, driven by a jump in oil prices after data showed a marked reduction in U.S. crude stocks.
The large drawdown in U.S. crude reserves reflected the temporary impact of Tropical Storm Hermine, which threatened the Gulf Coast refining region last week before moving to the East Coast of the United States. futures on the S&P TSX index SXFc1 were up 0.16 percent at 7:10 a.m. ET.
Building permits data and new housing price index data for July is due at 8:30 a.m. ET. Capacity utilization data for the second quarter is also expected at 8:30 a.m. ET. ECONCA
Canada's main stock index slipped on Wednesday as shares in some mining and telecom companies and a convenience store operator weighed, although rising energy stocks limited losses. Jones Industrial Average e-mini futures 1YMc1 were up 0.04 percent at 7:10 a.m. ET. S&P 500 e-mini futures ESc1 were up 0.06 percent and Nasdaq 100 e-mini futures NQc1 were up 0.02 percent. .N
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TOP STORIES TOP/CAN
An agreement between the European Union and Canada to share airline passenger data that the two sides say is key to fighting terrorism cannot enter into force as currently drafted, an adviser to the top EU court said. RESEARCH HIGHLIGHTS RCH/CA
New Gold Inc NGD.TO : Desjardins cuts target price to C$7 from C$7.25
Enbridge Inc ENB.TO : Goldman Sachs (NYSE:GS) raises to "buy" from "neutral" on growth visibility
Hudson's Bay Co HBC.TO : CIBC cuts to "sector performer" from "sector outperformer"
COMMODITIES AT 7:10 a.m. ET COM/WRAP
Gold futures GCc1 : $1,344.90; +0.04 percent GOL/
US crude CLc1 : $46.24; +1.63 percent O/R
Brent crude LCOc1 : $48.59; +1.27 percent O/R
LME 3-month copper CMCU3 : $4,645; -0.11 percent MET/L
U.S. ECONOMIC DATA DUE ON THURSDAY
0830 Initial jobless claims: Expected 265,000; Prior 263,000
0830 Jobless claims 4-week average: Prior 263,000
0830 Continued jobless claims: Expected 2.153 mln; Prior 2.159 mln
1500 Consumer credit for July: Expected 16.00 bln; Prior 12.32 bln
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($1 = C$1.29)