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CANADA STOCKS-Futures little changed, with earnings in focus

Published 2018-02-08, 07:20 a/m
© Reuters.  CANADA STOCKS-Futures little changed, with earnings in focus
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Feb 8 (Reuters) - Canada's main stock futures were little changed on Thursday, as investors assessed a slew of corporate earnings, while lower oil prices were poised to pressure energy companies.

March futures on the S&P TSX index SXFc1 were up 0.11 percent at 7:15 a.m. ET.

New housing price index data is due at 8:30 a.m. ET ECONCA

Canada's main stock index closed lower on Wednesday, dragged down by energy companies and miners as oil and metal prices dropped. Jones Industrial Average e-mini futures 1YMc1 were down 0.073 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.09 percent and Nasdaq 100 e-mini futures NQc1 were up 0.12 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 telecommunications company BCE Inc BCE.TO reported a 12.5 percent fall in quarterly profit on Thursday, hurt by higher expenses and asset impairment charges of C$82 million ($65 million). Corp T.TO , one of Canada's three big telecom providers, reported higher fourth-quarter earnings compared with a year earlier, helped by lower spending. Reuters Corp TRI.NTRI.TO beat earnings expectations in the fourth quarter even as revenue slightly missed Wall Street's forecasts. RESEARCH HIGHLIGHTS RCH/CA

First Quantum Minerals Ltd FM.TO : Berenberg raises price target to C$19 from C$14.25

Lundin Mining Corp LUN.TO : Berenberg raises price target to C$9 from C$7.50

Teck Resources Ltd TECKb.TO : Berenberg raises price target to C$44 from C$35

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

Gold futures GCc2 : $1310.3; -0.10 pct GOL/

US crude CLc1 : $61.31; -0.78 pct O/R

Brent crude LCOc1 : $64.87; -0.98 pct O/R

LME 3-month copper CMCU3 : $6844.5; -0.52 pct MET/L

U.S. ECONOMIC DATA DUE ON THURSDAY

0830 Initial jobless claims: Expected 232,000; Prior 230,000

0830 Jobless claims 4-week average: Prior 234,500

0830 Continued jobless claims: Expected 1.945 mln; Prior 1.953 mln

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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