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CANADA STOCKS-Futures slip on U.S. rate hike prospects

Published 2016-10-06, 07:41 a/m
© Reuters.  CANADA STOCKS-Futures slip on U.S. rate hike prospects
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Oct 6 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Thursday ahead of Friday's U.S. non-farm payrolls report, which is likely to raise expectations that the U.S. Federal Reserve could raise interest rates before the end of the year.

December futures on the S&P TSX index SXFc1 were down 0.2 percent at 7:10 a.m. ET.

Building permits for August, due at 8:30 a.m. ET, are expected to have risen 3.0 percent.

Canada's main stock index rose on Wednesday as higher oil prices boosted energy stocks, while the country's biggest railway companies and some of its major banks also gained as trade data offered further evidence of a third-quarter economic rebound. Jones Industrial Average e-mini futures 1YMc1 were down 0.19 percent at 7:10 a.m. ET. S&P 500 e-mini futures ESc1 were down 0.23 percent and Nasdaq 100 e-mini futures NQc1 were down 0.18 percent. .N

(Morning News Call newsletter http://link.reuters.com/nex49s ; The Day Ahead newsletter http://link.reuters.com/mex49s)

TOP STORIES TOP/CAN

Britain's SVG Capital accepted an offer from Goldman Sachs (NYSE:GS) and the Canada Pension Plan Investment Board on Thursday, saying it gave shareholders a better return than a hostile bid from U.S. private equity rival HarbourVest. RESEARCH HIGHLIGHTS RCH/CA

Air Canada AC.TO : RBC raises to "top pick" from "outperform"

Canadian National Railway CNR.TO : J.P. Morgan raises target price to C$90 from C$87

Timbercreek Financial Corp TF.TO : TD Securities starts with "buy" rating, C$9 target price

COMMODITIES AT 7:10 a.m. ET COM/WRAP

Gold futures GCc2 : $1,268.2; +0.1 pct GOL/

US crude CLc1 : $49.72; -0.22 pct O/R

Brent crude LCOc1 : $51.82; -0.08 pct O/R

LME 3-month copper CMCU3 : $4,758.00; -0.86 pct MET/L

U.S. ECONOMIC DATA DUE ON THURSDAY

0830 Initial jobless claims: Expected 257,000; Prior 254,000

0830 Jobless claims 4-week average: Prior 256,000

0830 Continued jobless claims : Expected 2.090 mln; Prior 2.062 mln

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$1.32)

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