June 8 (Reuters) - Stock futures pointed to a slightly
higher opening for Canada's main stock index on Wednesday as oil
jumped to the highest level in eight months, buoyed by ongoing
supply disruptions in Nigeria and strong Chinese oil demand
data.
June futures on the S&P TSX index SXFc1 were up 0.08
percent at 7:15 a.m. ET.
House starts and building permits data is due later in the
day. ECONCA
Canada's main stock index extended its recent run to a more
than nine-month high on Tuesday as oil and gas stocks jumped
with buoyant crude prices and heavyweight financial stocks also
rose.
Dow Jones Industrial Average e-mini futures 1YMc1 were up
0.14 percent at 7:15 a.m. ET, while S&P 500 e-mini futures
ESc1 were up 0.15 percent and Nasdaq 100 e-mini futures NQc1
were up 0.09 percent.
TOP STORIES
Lululemon Athletica Inc's LULU.O quarterly profit narrowly
missed analysts' estimate due to higher costs, a week after its
founder Chip Wilson criticized the Canadian yoga-wear retailer's
leadership for failing to keep up with market trends.
Canadian oil and gas producer Suncor Energy Inc SU.TO said
it would raise C$2.5 billion through the sale of new shares to
enable it to increase its stake in its Syncrude oil sands joint
venture and to fund other possible acquisitions. COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1,252.90; +0.68 pct GOL/
US crude CLc1 : $50.98; +1.23 pct O/R
Brent crude LCOc1 : $52.12; +1.28 pct O/R
LME 3-month copper CMCU3 : $4,587.00; +0.48 pct MET/L
ANALYST RESEARCH HIGHLIGHTS
Parex Resources Inc PXT.TO : Paradigm Capital raises target
price to C$15.50 from C$14
Suncor Energy Inc SU.TO : Raymond James cuts price target
to C$42 from C$43
U.S. ECONOMIC DATA DUE ON WEDNESDAY
1000 JOLTS job openings for Apr: Expected 5.672 mln; Prior
5.757 mln
1100 TR IPSOS PCSI for Jun: Prior 56.10
($1= C$1.27)