Aug 22 (Reuters) - Futures for Canada's main stock index were little changed on Thursday as doubts about a fresh cycle of U.S. rate cuts offset a rise in crude oil prices.
Minutes of the Federal Reserve July meeting, released on Wednesday, showed policymakers were divided over whether to cut interest rates but united in wanting to signal they were set on more cuts. rose further above $60 a barrel on Thursday, supported by a drop in U.S. crude inventories and OPEC-led supply cuts, although worries about the global economy weighed.
September futures on the S&P/TSX index SXFc1 were up 0.02% at 7:00 a.m. ET.
Canada's wholesale trade data for June is due at 08:30 a.m. ET.
The Toronto Stock Exchange S&P/TSX composite index .GSPTSE rose 0.59% to 16,309.23 on Wednesday. Jones Industrial Average e-mini futures 1YMc1 were down 0.14% at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.15% and Nasdaq 100 e-mini futures NQc1 were down 0.27%. .N
TOP STORIES TOP/CAN
Canadian Imperial Bank of Commerce CM.TO beat analysts' estimates for quarterly profit, as gains in domestic retail and U.S. commercial banking overshadowed a weak capital markets business. RESEARCH HIGHLIGHTS RCH/CA
Kinder Morgan (NYSE:KMI) Canada Ltd KML.TO : RBC raises price target to C$15 from C$14
Royal Bank Of Canada RY.TO : CIBC cuts target price to C$109 from C$110
COMMODITIES AT 7:00 a.m. ET COM/WRAP
Gold futures GCc2 : $1496.7; -0.62 percent GOL/
US crude CLc1 : $56.01; +0.59 percent O/R
Brent crude LCOc1 : $60.66; +0.6 percent O/R
U.S. ECONOMIC DATA DUE ON THURSDAY
0830 Initial jobless claims: Expected 216,000; Prior 220,000
0830 Jobless claims 4-week average: Prior 213,750
0830 Continued jobless claims: Expected 1.700 mln; Prior 1.726 mln
0945 Markit Composite Flash PMI for Aug: Prior 52.6
0945 Markit Manufacturing PMI Flash for Aug: Expected 50.5; Prior 50.4
0945 Markit Services PMI Flash for Aug: Expected 52.8; Prior 53
1000 (approx.) Leading index change mm for Jul: Expected 0.2%; Prior -0.3%
1100 KC Fed Manufacturing for Aug: Prior -6
1100 KC Fed Composite Index for Aug: Prior -1
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