Aug 23 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Tuesday, tracking world markets, as investors await further clues on whether the U.S. Federal Reserve will raise interest rates this year.
Fed Chair Janet Yellen is expected to provide more clarity on the timing of a rate hike during the annual meeting of global central bankers in Jackson Hole, Wyoming. The meet starts on Thursday and Yellen is due to speak on Friday. futures on the S&P TSX index SXFc1 were up 0.14 percent at 7:15 a.m. ET.
Canada's main stock index rose on Monday as Alimentation Couche-Tard Inc ATDb.TO jumped after the convenience store operator bought a U.S. chain in an expansion move and drugmaker Valeant Pharmaceuticals (NYSE:VRX) VRX.TO rose after it hired a new chief financial officer. Jones Industrial Average e-mini futures 1YMc1 were up 0.24 percent at 7:15 a.m. ET. S&P 500 e-mini futures ESc1 were up 0.24 percent and Nasdaq 100 e-mini futures NQc1 were up 0.26 percent. .N
(Morning News Call newsletter http://link.reuters.com/nex49s ; The Day Ahead newsletter http://link.reuters.com/mex49s)
TOP STORIES TOP/CAN
Three Canadian pension funds agreed to sell their stakes in Canada's biggest stock exchange operator TMX Group Ltd X.TO for a combined value of about C$312 million. RESEARCH HIGHLIGHTS RCH/CA
Absolute Software Corp ABT.TO : BMO cuts to "market perform"
Alimentation Couche-Tard ATDb.TO : Canaccord Genuity raises target to C$78 from C$73; "buy"
Performance Sports Group Ltd PSG.TO : RBC cuts to "underperform" from "sector perform"
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1336.3; -0.1 percent GOL/
U.S. crude CLc1 : $47.01; -0.84 percent O/R
Brent crude LCOc1 : $48.69; -0.96 percent O/R
LME 3-month copper CMCU3 : $4731.5; -0.36 percent MET/L
U.S. ECONOMIC DATA DUE ON TUESDAY
0855 Redbook mm: Prior -0.3 pct
0855 Redbook yy: Prior 0.2 pct
0945 Markit Manufacturing PMI Flash for August: Expected 52.7; Prior 52.9
1000 New home sales-units for July: Expected 0.580 mln; Prior 0.592 mln
1000 New home sales change mm for July: Expected -2.0 pct; Prior 3.5 pct
1000 Rich Fed Composite Index for August: Prior 10
1000 Rich Fed, Services Index for August: Prior 8
1000 Rich Fed Manufacturing Shipments for August: Prior 7
1315 Fed O/N Repo: Prior 0.25 pct
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