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CANADA STOCKS-TSX futures flat ahead of trade balance data

Published 2016-12-06, 07:32 a/m
CANADA STOCKS-TSX futures flat ahead of trade balance data
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Dec 6 (Reuters) - Canadian stock index futures were little changed on Tuesday as investors awaited October trade balance data, due later in the day, and the Bank of Canada's policy meet on Wednesday.

December futures on the S&P TSX index SXFc1 were up 0.06 percent at 7:15 a.m. ET.

Canada's trade data will give analysts a chance to see how exports fared at the start of the fourth quarter. Trade deficit for October is expected to have halved to C$2 billion, from C$4.08 billion in September.

The data is expected to be released at 8:30 a.m. ET. ECONCA

Canada's benchmark stock index rose on Monday as strength in commodity prices supported the energy and materials sectors, while a fresh record high for the Dow Jones industrials boosted investor confidence. Jones Industrial Average e-mini futures 1YMc1 were up 0.01 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.03 percent and Nasdaq 100 e-mini futures NQc1 were down 0.01 percent. .N

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

TOP STORIES TOP/CAN

Bank of Montreal BMO.TO reported fourth-quarter earnings well ahead of market expectations as Canada's fourth-biggest lender benefited from strong performance by its U.S. personal and commercial business. Energy, Canada's largest oil and gas company, said on Monday that it had resolved a dispute with the Canada Revenue Agency over its income tax treatment from 2007. Alliance Insurance and Financial Services Inc IAG.TO said it would acquire financial network HollisWealth from ScotiaBank BNS.TO . RESEARCH HIGHLIGHTS RCH/CA

Mullen Group Ltd MTL.TO : Canaccord Genuity raises rating to "buy" from "hold"

Precision Drilling Corp PD.TO : Canaccord Genuity raises target to C$8.5 from C$7.25

Veresen Inc VSN.TO : National Bank Financial raises target price to C$15 from C$14

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

Gold futures GCc2 : $1,172.6; -0.22 pct GOL/

US crude CLc1 : $51.22; -1.11 pct O/R

Brent crude LCOc1 : $54.59; -0.64 pct O/R

LME 3-month copper CMCU3 : $5,867.50; -1.39 pct MET/L

U.S. ECONOMIC DATA DUE ON TUESDAY

0830 International trade mm for Oct: Expected -$41.8 bln; Prior -$36.4 bln

0830 Labor costs revised for Q3: Expected +0.3 pct; Prior +0.3 pct

0830 Productivity revised for Q3: Expected +3.3 pct; Prior +3.1 pct

0855 Redbook mm: Prior +0.3 pct

0855 Redbook yy: Prior +2.2 pct

1000 Durables ex-defense, R mm for Oct: Prior +5.2 pct

1000 Durable goods, R mm for Oct: Prior +4.8 pct

1000 Factory orders mm for Oct: Expected +2.6 pct; Prior +0.3 pct

1000 Durables ex-transport R mm for Oct: Prior +1.0 pct

1000 Nondefense cap ex-air R mm for Oct: Prior +0.4 pct

1000 Factory ex-transport mm for Oct: Prior +0.6 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$1.33)

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