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CANADA STOCKS-Futures up after better-than-expected GDP data

Published 2016-09-30, 09:11 a/m
© Reuters.  CANADA STOCKS-Futures up after better-than-expected GDP data
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(Adds U.S, Canada econ data)

Sept 30 (Reuters) - Futures on Canada's main stock index pointed to a higher opening after data showed that the country's economy got off to a stronger-than-expected start in the third quarter.

The economy was helped by a rebound in oil and gas extraction that had been disrupted by wildfires in Alberta earlier this year, data from Statistics Canada showed. futures on the S&P TSX index SXFc1 were up 0.12 percent at 8:45 a.m. ET.

Canadian producer prices fell 0.5 percent in August, according to Statistics Canada data. ECONCA

Canada's main stock index rose to a one-week high on Thursday as energy stocks added to sharp gains from one day before on a surprise agreement by OPEC to cut crude output. Jones Industrial Average e-mini futures 1YMc1 were down 0.08 percent at 8:45 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.12 percent and Nasdaq 100 e-mini futures NQc1 were down 0.06 percent. .N

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

TOP STORIES TOP/CAN

A judge in Argentina ruled to keep Barrick Gold Corp's ABX.TO operations at Veladero mine suspended, saying repairs were not sufficient to reopen it after a leak of processing solution containing cyanide earlier this month. Bank of Canada RY.TO is cutting 15 investment banking jobs in London amid a slowdown in activity in the region, sources familiar with the matter said. Energy Marketing Ltd, a privately held Canadian energy infrastructure company, agreed to buy a regional pipeline system from an affiliate of Enbridge Income Fund ENF.TO for C$1.075 billion ($817 million). RESEARCH HIGHLIGHTS RCH/CA

Encana Corp ECA.TO : Citigroup (NYSE:C) raises to "buy"

Magna International Inc MG.TO : Deutsche Bank (DE:DBKGn) raises target price to $57 from $55

BlackBerry Ltd BB.TO : Imperial Capital raises price target to $8.50 from $7; rating "in line"

COMMODITIES AT 8:45 a.m. ET COM/WRAP

Gold futures GCc2 : $1,326.10; +0.16 pct GOL/

U.S. crude CLc1 : $47.80; -0.02 pct O/R

Brent crude LCOc1 : $48.99; -0.57 pct O/R

LME 3-month copper CMCU3 : $4,857.50; +0.30 pct MET/L

U.S. ECONOMIC DATA DUE ON FRIDAY

0830 Personal consumption real mm for August: Actual -0.1 pct; Prior 0.3 pct

0830 Personal income mm for August: Actual 0.2 pct; Prior 0.4 pct

0830 Consumption, adjusted mm for August: Actual 0 pct; Revised 0.4 pct

0830 Core PCE price index mm for August: Expected 0.2 pct; Prior 0.1 pct

0830 Core PCE price index yy for August: Actual 1.7 pct; Prior 1.6 pct

0830 PCE price index mm for August: Actual 0.1 pct; Prior 0.0 pct

0830 PCE price index yy for August: Actual 1.0 pct; Prior 0.8 pct

0945 Chicago PMI for September: Expected 52; Prior 51.5

1000 U Mich Sentiment Final for September: Expected 90; Prior 89.8

1000 U Mich Conditions Final for September: Expected 104.0; Prior 103.5

1000 U Mich Expectations Final for September: Expected 81.0; Prior 81.1

1000 U Mich 1 year Inflation final for September: Prior 2.3 pct

1000 U Mich 5-year Inflation final for September: Prior 2.5 pct

1030 ECRI Weekly Index : Prior 138.9

1030 ECRI weekly annualized: Prior 8.8 pct

1300 Dallas fed PCE for August: Prior 0.8 pct

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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