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CANADA STOCKS-Future little changed with earnings in focus

Published 2017-08-03, 07:38 a/m
© Reuters.  CANADA STOCKS-Future little changed with earnings in focus
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Aug 3 (Reuters) - Canada's main stock index futures were little changed on Thursday as investors assessed a raft of quarterly earnings.

September futures on the S&P TSX index SXFc1 were up 0.03 percent at 7:15 a.m. ET.

Canada's main stock index posted its highest close in five weeks on Wednesday, boosted by gains for its heavyweight financial and energy groups as oil prices rose and the Canadian dollar retreated for a third straight day. Jones Industrial Average e-mini futures 1YMc1 were down 0.01 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.03 percent and Nasdaq 100 e-mini futures NQc1 were up 0.08 percent. .N

(Morning News Call newsletter http://share.thomsonreuters.com/assets/newsletters/Morning_News_Call/MNC_US.pdf ; The Day Ahead newsletter http://share.thomsonreuters.com/assets/newsletters/The_Day_Ahead/TDA_NAM.pdf)

TOP STORIES TOP/CAN

Canadian Natural Resources Ltd CNQ.TO , CNQ.N posted a higher quarterly profit that topped Street estimates and said it would cut capital expenditure for the year by about C$180 million, becoming the latest oil and gas company to do so. Inc ENB.TO , ENB.N , North America's largest pipeline operator, reported a quarterly profit that more than tripled, helped partly by its purchase of natural gas pipeline company Spectra Energy Corp (F:SEP). Capital Group HCG.TO reported a bigger-than-expected second-quarter loss on Wednesday but said issues relating to its ability to continue as a going concern had been resolved. RESEARCH HIGHLIGHTS RCH/CA

Cineplex Inc CGX.TO : Canaccord Genuity cuts target price to C$51 from C$59

Imperial Oil Ltd IMO.TO : National Bank of Canada cuts target price to C$36 from C$40

Trinidad Drilling Ltd: National Bank of Canada cuts target price to C$2.60 from C$3.25

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

Gold futures GCc1 : $1262.3; -0.75 percent GOL/

US crude CLc1 : $49.74; +0.3 percent O/R

Brent crude LCOc1 : $52.5; +0.27 percent O/R

LME 3-month copper CMCU3 : $6315.5; -0.57 percent MET/L

U.S. ECONOMIC DATA DUE ON THURSDAY

08:30 Initial jobless claims: Expected 242,000; Prior 244,000

08:30 Jobless claims 4-week average: Prior 244,000

08:30 Continued jobless claims: Expected 1.955 mln; Prior 1.964 mln

09:45 Markit Composite Final PMI for July: Prior 54.2

09:45 Markit Services PMI Final for July: Prior 54.2

10:00 Durables ex-defense, R mm for June: Prior 6.7 pct

10:00 Durable goods, R mm for June: Prior 6.5 pct

10:00 Factory orders mm for June: Expected 2.9 pct; Prior -0.8 pct

10:00 Durables ex-transport R mm for June: Prior 0.2 pct

10:00 Nondefense cap ex-Air R mm for June: Prior -0.1 pct

10:00 Factory ex-transport mm for June: Prior -0.3 pct

10:00 ISM N-Manufacturing PMI for July: Expected 57; Prior 57.4

10:00 ISM N-Manufacturing Business Activity for Jul: Expected 59.6; Prior 60.8

10:00 ISM N-Manufacturing Employment Index for July: Expected 56.5; Prior 55.8

10:00 ISM N-Manufacturing New Orders Index for Jul: Prior 60.5

10:00 ISM N-Manufacturing Price Paid Index for Jul: Prior 52.1

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$1.26)

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