NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

CANADA STOCKS-Futures up as oil climbs after Nigerian pipeline attack

Published 2016-11-03, 07:38 a/m
CANADA STOCKS-Futures up as oil climbs after Nigerian pipeline attack
XAU/USD
-
TECK
-
GC
-
HG
-
LCO
-
ESU24
-
CL
-
NG
-
1YMU24
-
NQU24
-
SXFc1
-
MGA
-
CNQ
-
MFI
-
OVV
-
DOO
-

Nov 3 (Reuters) - Futures on Canada's main stock index edged higher on Thursday as oil prices climbed after an attack on a Nigerian oil pipeline helped ease global supply glut concerns.

December futures on the S&P TSX index SXFc1 were up 0.21 percent at 7:35 a.m. ET.

No economic data is scheduled for release. ECONCA

Canada's main stock index fell sharply on Wednesday as tumbling oil prices weighed on energy shares and investors worried about disappointing earnings and a tightening U.S. presidential race. Jones Industrial Average e-mini futures 1YMc1 were up 0.29 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.27 percent and Nasdaq 100 e-mini futures NQc1 were up 0.05 percent. .N

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

TOP STORIES TOP/CAN

Canadian Natural Resources Ltd CNQ.TO , Canada's largest independent petroleum producer, reported a bigger quarterly loss due to lower prices. oil and natural gas producer Encana Corp ECA.TO posted a quarterly profit, on an operating basis, as a steep fall in costs helped offset the impact of weak commodity prices. auto parts maker Magna International Inc MG.TO MGA.N reported a better-than-expected quarterly profit, helped by strong demand from Asia and Europe. RESEARCH HIGHLIGHTS RCH/CA

BRP Inc DOO.TO : UBS raises target price to C$26 from C$22

Maple Leaf Foods MFI.TO : Canaccord Genuity raises target to C$36 from C$35

Teck Resources TCKb.TO : RBC raises target price to C$35 from C$30

COMMODITIES AT 7:15 a.m. ET COM/WRAP

Gold futures GCc2 : $1,291.2; -1.31 pct GOL/

US crude CLc1 : $45.74; +0.86 pct O/R

Brent crude LCOc1 : $47.31; -0.96 pct O/R

LME 3-month copper CMCU3 : $4,922.00; +0.04 pct MET/L

U.S. ECONOMIC DATA DUE ON THURSDAY

0830 Initial jobless claims: Expected 258,000; Prior 258,000

0830 Jobless claims 4-week average: Prior 253,000

0830 Continued jobless claims: Expected 2.044 mln; Prior 2.039 mln

0830 Labor costs preliminary for Q3: Expected +1.3 pct; Prior +4.3 pct

0830 Productivity preliminary for Q3: Expected +2.0 pct; Prior -0.6 pct

0945 Markit Services PMI Final for Oct: Prior 54.8

0945 Markit Composite Final PMI for Oct: Prior 54.9

1000 Durables ex-defense, R mm for Sep: Prior +0.7 pct

1000 Durable goods, R mm for Sep: Prior -0.1 pct

1000 Factory orders mm for Sep: Expected +0.2 pct; Prior +0.2 pct

1000 Durables ex-transport R mm for Sep: Prior +0.2 pct

1000 Nondefense cap ex-air R mm for Sep: Prior -1.2 pct

1000 Factory ex-transport mm for Sep: Prior 0.0 pct

1000 ISM N-Manufacturing PMI for Oct: Expected 56.0; Prior 57.1

1000 ISM N-Manufacturing Business Act for Oct: Expected 59.7; Prior 60.3

1000 ISM N-Manufacturing Employment Index for Oct: Prior 57.2

1000 ISM N-Manufacturing New Orders Index for Oct: Prior 60.0

1000 ISM N-Manufacturing Price Paid Index for Oct: Prior 54.0

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$1.34)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.