June 28 (Reuters) - Stock futures pointed to a higher
opening for Canada's main stock index on Tuesday after a two-day
slide triggered by Britain's vote to leave the European Union.
Oil prices rose more than 2 percent as investors took
advantage of a two-day slide in crude. O/R
September futures on the S&P TSX index SXFc1 were up 0.42
percent at 7:15 a.m. ET.
Dow Jones Industrial Average e-mini futures 1YMc1 were up
1.08 percent at 7:15 a.m. ET, while S&P 500 e-mini futures
ESc1 were up 1.02 percent and Nasdaq 100 e-mini futures NQc1
were up 1.04 percent.
Canada's main stock index notched its lowest close in seven
weeks on Monday, as the fallout of the British referendum
pummeled financial stocks and energy shares fell with retreating
oil prices.
No major economic events are scheduled for Tuesday.
TOP STORIES
Air Canada AC.TO , Canada's largest airline, said it
finalized an order to buy 45 Bombardier Inc BBDb.TO CSeries
jets.
Canada's Fairfax Financial Holdings Ltd FFH.TO has agreed
to buy 80 percent of PT Asuransi Multi Artha Guna Tbk (AMAG)
AMAG.JK for about $165 million, a person familiar with the
matter told Reuters. AT 7:15 a.m. ET COM/WRAP
Gold futures GCc2 : $1,308.02; -1.04 pct GOL/
US crude CLc1 : $47.56; +2.65 pct O/R
Brent crude LCOc1 : $48.32; +2.46 pct O/R
LME 3-month copper CMCU3 : $4,789.00; +1.68 pct MET/L
ANALYST RESEARCH HIGHLIGHTS
Air Canada AC.TO : Canaccord Genuity starts coverage with
"buy" rating
Canadian Natural Resources Ltd CNQ.TO : Desjardins raises
target price to C$41 from C$36
Husky Energy Inc HSE.TO : Desjardins raises rating to "buy"
from "hold"
Tamarack Valley Energy TVE.TO : Canaccord Genuity starts
coverage with "buy" rating
U.S. ECONOMIC DATA DUE ON TUESDAY
0830 Corporate profits revise for Q1: Expected 0.6 pct;
Prior 0.6 pct
0830 GDP final for Q1: Expected 1.0 pct; Prior 0.8 pct
0830 GDP sales final for Q1: Expected 1.2 pct; Prior 1.0 pct
0830 GDP cons spending final for Q1: Prior 1.9 pct
0830 GDP deflator final for Q1: Expected 0.6 pct; Prior 0.6
pct
0830 Core PCE prices final for Q1: Expected 2.1 pct; Prior
2.1 pct
0830 PCE prices final for Q1: Expected 0.3 pct; Prior 0.3
pct
0855 Johnson Redbook Index mm: Prior -0.9 pct
0855 Johnson Redbook Index yy: Prior 0.9 pct
0900 CaseShiller 20 mm SA for Apr: Expected 0.6 pct; Prior
0.9 pct
0900 CaseShiller 20 mm NSA for Apr: Prior 0.9 pct
0900 CaseShiller 20 yy for Apr: Expected 5.4 pct; Prior 5.4
pct
1000 Consumer Confidence for Jun: Expected 93.3; Prior 92.6
1000 Rich Fed Composite Index for Jun: Prior -1
1000 Rich Fed, Services Index for Jun: Prior 11
1000 Rich Fed Manufacturing Shipments for Jun: Prior -8
1030 Texas Service Sector Outlook for Jun: Prior -7.1
1030 Dallas Fed Services Revenue for Jun: Prior 5.8
($1= C$1.30)