June 15 (Reuters) - Futures pointed to a lower opening for Canada's main stock index on Friday as oil prices fell after Saudi Arabia and Russia hinted that two of the world's biggest producers would increase output.
Ahead of an OPEC meeting in Vienna on June 22-23, Russian Energy Minister Alexander Novak said on Thursday after talks with Saudi Energy Minister Khalid al-Falih in Moscow that both nations "in principle" supported a gradual increase in production after restricting output for 18 months. futures on the S&P/TSX index SXFc1 were down 0.18 percent at 7:15 a.m. ET.
April manufacturing sales data is due at 8:30. a.m. ET
The Toronto Stock Exchange's S&P/TSX .GSPTSE rose 63.14 points, or 0.39 percent, to 16,328.96, on Thursday. Jones Industrial Average e-mini futures 1YMc1 were down 0.57 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.39 percent and Nasdaq 100 e-mini futures NQc1 were down 0.34 percent. .N
TOP STORIES TOP/CAN
Wheat containing a genetically modified trait developed by Monsanto (NYSE:MON) Co BAYGn.DE to tolerate the Roundup weed-killer was discovered last summer in Canada's Alberta province, the Canadian Food Inspection Agency said on Thursday. RESEARCH HIGHLIGHTS RCH/CA
Nevsun Resources Ltd NSU.TO : Eight Capital raises target price to C$5 from C$4.75
Transat AT Inc TRZ.TO : Desjardins cuts price target to C$15 from C$18
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCcv1 : $1302.4; fell 0.45 percent GOL/
US crude CLc1 : $66.67; fell 0.33 percent O/R
Brent crude LCOc1 : $75.17; fell 1.01 percent O/R
LME 3-month copper CMCU3 : $7151; fell 0.36 percent MET/L
U.S. ECONOMIC DATA DUE ON FRIDAY
0915 Industrial production mm for May: Expected 0.2 pct; Prior 0.7 pct
0915 Capacity utilization mm for May: Expected 78.1 pct; Prior 78.0 pct
0915 Manufacturing output mm for May: Expected 0.1 pct; Prior 0.5 pct
1000 U Mich Sentiment Preliminary for June: Expected 98.5; Prior 98.0
1000 U Mich Conditions Preliminary for June: Expected 113.0; Prior 111.8
1000 U Mich Expectations Preliminary for June: Expected 89.7; Prior 89.1
1000 U Mich 1 year inflation preliminary for June: Prior 2.8 pct
1000 U Mich 5-year inflation preliminary for June: Prior 2.5 pct
1600 Net L-T flows, exswaps for April: Prior $61.8 bln
1600 Foreign buying, T bonds for April: Prior -$4.9 bln
1600 Overall net capital flows for April: Prior -$38.5 bln
1600 Net L-T flows, including swaps for April: Prior $48.4 bln
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($1= C$1.31)