June 29 (Reuters) - Stock futures pointed to a higher
opening for Canada's main stock index for the second day on
Wednesday as the shock from Britain's vote to leave the European
Union petered out and oil prices rose as risk appetite
increased.
September futures on the S&P TSX index SXFc1 were up 0.54
percent at 7:15 a.m. ET.
Canada's main stock index scored its largest gain in seven
weeks on Tuesday, recouping some of the losses inflicted in the
prior two sessions after Britain's shock vote to leave the
European Union, as oil rallied and investors sought out
bargains.
Dow Jones Industrial Average e-mini futures 1YMc1 were up
0.62 percent at 7:15 a.m. ET on Wednesday, while S&P 500 e-mini
futures ESc1 were up 0.64 percent and Nasdaq 100 e-mini
futures NQc1 were up 0.72 percent.
No major economic events are scheduled for the day in
Canada.
TOP STORIES
Canadian Imperial Bank of Commerce CM.TO said it would buy
Chicago-based PrivateBancorp Inc PVTB.O in a cash-and-stock
deal valued at about $3.8 billion to offer its Canadian clients
access to U.S. banking services.
Canadian hedge fund West Face Capital is pushing SNC-Lavalin
Group Inc SNC.TO to sell its stake in Ontario's 407 toll
highway, a move that could fetch the engineering and
construction company more than C$5 billion ($3.85 billion),
according to two sources familiar with the process. AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1,317.00; +0.16 pct GOL/
US crude CLc1 : $48.38; +1.09 pct O/R
Brent crude LCOc1 : $49.11; +1.07 pct O/R
LME 3-month copper CMCU3 : $4,796.00; -0.46 pct MET/L
ANALYST RESEARCH HIGHLIGHTS
Alaris Royalty Corp AD.TO : RBC starts coverage with
"sector perform" rating; C$31 target price
Precision Drilling Corp PD.TO : Evercore ISI raises target
price to C$8.00 from C$7.00
WSP Global Inc WSP.TO : CIBC cuts target price to C$42 from
C$45
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0830 Personal consumption real mm for May: Prior 0.6 pct
0830 Personal income mm for May: Expected 0.3 pct; Prior 0.4
pct
0830 Consumption, adjusted mm for May: Expected 0.4 pct;
Prior 1.0 pct
0830 Core PCE price index mm for May: Expected 0.2 pct;
Prior 0.2 pct
0830 Core Personal Consumption Expenditure price index yy
for May: Prior 1.6 pct
0830 Personal Consumption Expenditure price index mm for
May: Prior 0.3 pct
0830 Personal Consumption Expenditure price index yy for
May: Prior 1.1 pct
1000 Pending Homes Index for May: Prior 116.3
1000 Pending sales change mm for May: Expected -1.1 pct;
Prior 5.1 pct
1300 Dallas fed Personal Consumption Expenditure for May:
Prior 2.5 pct
($1 = 1.2982 Canadian dollars)