April 15 (Reuters) - Stock futures pointed to a lower start
for Canada's main stock index on Friday as crude futures fell
more than 2 percent ahead of an oil producers' meeting in Doha
to rein in a global glut.
June futures on the S&P TSX index SXFc1 were down 0.15
percent at 7:15 a.m. ET.
Data on manufacturing sales in February is due at 8:30 a.m.
ET. ECONCA
Canadian manufacturing sales are expected to have declined
by 1.5 percent in the month, giving up some of January's strong
gain.
Canada's main stock index fell slightly on Thursday as lower
commodity prices weighed on energy and mining stocks, while
financial sector stocks rose.
Dow Jones Industrial Average e-mini futures 1YMc1 were
down 0.15 percent at 7:15 a.m. ET, while S&P 500 e-mini futures
ESc1 were down 0.20 percent and Nasdaq 100 e-mini futures
NQc1 were down 0.20 percent. .N
(Morning News Call newsletter http://link.reuters.com/nex49s;
The Day Ahead newsletter http://link.reuters.com/mex49s)
TOP STORIES TOP/CAN
Mitel Networks Corp MNW.TO said on Friday it would buy
fellow voice and telephony gear maker Polycom Inc PLCM.O for
about $1.96 billion in cash and stock, satisfying a demand from
hedge fund Elliott Management.
Valeant Pharmaceuticals International Inc (NYSE:VRX) VRX.TO has
brought in investment banks to review its options amid interest
from buyout firms and other companies in a number of its
businesses, according to people familiar with the matter.
AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1,227.80; +0.23 pct GOL/
US crude CLc1 : $40.56; -2.29 pct O/R
Brent crude LCOc1 : $42.80; -2.37 pct O/R
LME 3-month copper CMCU3 : $4,806.00; -0.52 pct MET/L
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Canadian Natural Resources Ltd CNQ.TO : CIBC raises price
target to C$47 from C$40
Husky Energy Inc HSE.TO : CIBC raises price target to C$19
from C$16
Shaw Communications Inc SJRb.TO : CIBC cuts price target to
C$27 from C$29
U.S. ECONOMIC DATA DUE ON FRIDAY
0830 NY Fed Manufacturing Index for Apr: Expected 2.21;
Prior 0.62
0915 Industrial output mm for Mar: Expected -0.1 pct; Prior
-0.5 pct
0915 Capacity Utilization mm for Mar: Expected 75.4 pct;
Prior 75.4 pct
0915 Manufacturing output mm for Mar: Expected 0.1 pct;
Prior 0.1 pct
1000 U Mich Sentiment Index Preliminary for Apr: Expected
92.0; Prior 91.0
1000 U Mich Conditions Index Preliminary for Apr: Expected
106.0; Prior 105.6
1000 U Mich Expectations Index Preliminary for Apr: Expected
82.5; Prior 81.5
1000 U Mich 1-year Inflation preliminary for Apr: Prior 2.7
pct
1000 U Mich 5-year Inflation preliminary for Apr: Prior 2.7
pct
1030 ECRI Weekly Index: Prior 133.2
1030 ECRI weekly annualized: Prior 1.6 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$1.28)