May 27 (Reuters) - Canada's main stock index was set to open
slightly higher on Friday ahead of a speech by U.S. Federal
Reserve Chair Janet Yellen, who is expected to provide clues on
the timing of the next interest rate hike.
June futures on the S&P TSX index SXFc1 were up 0.23
percent at 7:15 a.m. ET.
No major economic events are scheduled for the day ECONCA .
Canada's benchmark stock index edged slightly lower on
Thursday as resource stocks fell due to a decline in oil and
gold prices.
Dow Jones Industrial Average e-mini futures 1YMc1 were up
0.11 percent at 7:15 a.m. ET, while S&P 500 e-mini futures
ESc1 were up 0.11 percent and Nasdaq 100 e-mini futures NQc1
were up 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
Valeant Pharmaceuticals International Inc (NYSE:VRX) VRX.TO received
a joint takeover offer from Japan's Takeda Pharmaceutical Co Ltd
4502.T and TPG Capital Management LP this spring that the
embattled Canadian drugmaker rejected, according to a source
familiar with the matter. AT 7:15 a.m. ET COM/WRAP
Gold futures GCc2 : $1,220.80; -0.06 pct GOL/
US crude CLc1 : $49.11; -0.75 pct O/R
Brent crude LCOc1 : $49.02; -1.17 pct O/R
LME 3-month copper CMCU3 : $4,698.50; +0.82 pct MET/L
ANALYST RESEARCH HIGHLIGHTS RCH/CA
CIBC CM.TO : RBC cuts target price to C$106 from C$107
Royal Bank of Canada RY.TO : NBF raises target price to
C$83 from C$77
Suncor Energy Inc SU.TO : RBC cuts target price to C$40
from C$41; rating "outperform"
U.S. ECONOMIC DATA DUE ON FRIDAY
0830 Corporate profits preliminary for Q1: Prior -8.4 pct
0830 GDP 2nd estimate for Q1: Expected 0.9 pct; Prior 0.5
pct
0830 GDP sales preliminary for Q1: Expected 1.1 pct; Prior
0.9 pct
0830 GDP cons spending preliminary for Q1: Prior 1.9 pct
0830 GDP deflator preliminary for Q1: Expected 0.7 pct;
Prior 0.7 pct
0830 Core PCE prices preliminary for Q1: Expected 2.1 pct;
Prior 2.1 pct
0830 PCE prices preliminary for Q1: Expected 0.3 pct; Prior
0.3 pct
1000 University of Michigan Sentiment Index Final for May:
Expected 95.4; Prior 95.8
1000 University of Michigan Conditions Index Final for May:
Expected 108.5; Prior 108.6
1000 University of Michigan Expectations Index Final for
May: Expected 86.6; Prior 87.5
1000 University of Michigan 1-year inflation final for May:
Prior 2.5 pct
1000 University of Michigan 5-year inflation final for May:
Prior 2.6 pct
1030 ECRI Weekly Index: Prior 134.5
1030 ECRI weekly annualized: Prior 5.3 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$1.30)