April 14 (Reuters) - Stock futures pointed to a lower start
for Canada's main stock index on Thursday as gold and copper
prices fell ahead of the release of key economic data from
China.
June futures on the S&P TSX index SXFc1 were down 0.04
percent at 7:20 a.m. ET.
New housing price index data is due at 8:30 a.m. ET.
China is scheduled to release its gross domestic product and
industrial output data for the first quarter on Friday.
Canada's main stock index notched its highest close since
November on Wednesday as financial and industrial shares rallied
on surprisingly upbeat China trade data and unexpectedly strong
earnings from Wall Street bank JP Morgan Chase (NYSE:JPM) & Co JPM.N .
Dow Jones Industrial Average e-mini futures 1YMc1 were
down 0.08 percent at 7:20 a.m. ET, while S&P 500 e-mini futures
ESc1 were down 0.11 percent and Nasdaq 100 e-mini futures
NQc1 were down 0.12 percent.
TOP STORIES
Oil and gas producer Pacific Exploration & Production Corp
PRE.TO said its board had agreed to negotiate a financial
restructuring involving the Catalyst Capital Group Inc and the
company's creditors.
Canadian miner Teck Resources TCKb.TO said water
containing metals had spilled at its Trail smelting and refining
plant in British Columbia on Wednesday, with some discharge
possibly flowing into a nearby creek.
AT 7:20 a.m. ET Gold futures GCc1 : $1,240.80; -0.48 pct
US crude CLc1 : $41.73; -0.07 pct
Brent crude LCOc1 : $44.20; +0.07 pct
LME 3-month copper CMCU3 : $4,822.50; -0.16 pct
ANALYST RESEARCH HIGHLIGHTS
Corus Entertainment Inc CJRb.TO : Canaccord Genuity raises
price target to C$11 from C$10
U.S. ECONOMIC DATA DUE ON THURSDAY
0830 Consumer price inflation mm, SA for Mar: Expected 0.2
pct; Prior -0.2 pct
0830 Consumer price inflation yy, NSA for Mar: Expected 1.1
pct; Prior 1.0 pct
0830 Core consumer price inflation mm, SA for Mar: Expected
0.2 pct; Prior 0.3 pct
0830 Core consumer price inflation yy, NSA for Mar: Expected
2.3 pct; Prior 2.3 pct
0830 Real weekly earnings mm for Mar: Prior -0.5 pct
0830 Initial jobless claims: Expected 270,000; Prior 267,000
0830 Jobless claims 4-week average: Prior 266,750
0830 Continued jobless claims: Expected 2.183 mln; Prior
2.191 mln
1130 Cleveland Federal Reserve CPI for Mar: Prior 0.2 pct
($1= C$1.28)