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CANADA STOCKS-Futures slightly higher ahead of March manufacturing data

Published 2018-05-16, 07:24 a/m
Updated 2018-05-16, 07:30 a/m
CANADA STOCKS-Futures slightly higher ahead of March manufacturing data

May 16 (Reuters) - Canada's main stock index futures were slightly higher on Wednesday ahead of manufacturing sales data for the month of March.

June futures on the S&P TSX index SXFc1 were up 0.1 percent at 7:15 a.m. ET.

Canada's manufacturing sales numbers, which is likely to show a 1.2 percent increase in March, is due to be released at 8:30 a.m. ET. ECONCA

The Toronto Stock Exchange's S&P/TSX .GSPTSE rose 12.20 points, or 0.08 percent, to 16,097.81 on Tuesday. ID:nL5N1SM9CN

Dow Jones Industrial Average e-mini futures 1YMc1 were up 0.05 percent at 7:15 a.m. ET, while S&P 500 e-mini futures Esc1 rose 0.07 percent and Nasdaq 100 e-mini futures NQc1 were 0.13 percent higher. .N

(Morning News Call newsletter http://link.reuters.com/nex49s; The Day Ahead newsletter http://link.reuters.com/mex49s)

TOP STORIES TOP/CAN

Canadian Finance Minister Bill Morneau will brief reporters on Wednesday about talks with Kinder Morgan (NYSE:KMI) Canada KML.TO on possible aid for an oil pipeline project but will not be announcing a final decision, a spokesman said on Tuesday. ID:nL2N1SN03M

Mortgage lender Home Capital Group Inc HCG.TO said on Wednesday its unit received a two-year C$500 million funding commitment that would replace a C$2 billion credit facility offered by Warren Buffett's Berkshire Hathaway (NYSE:BRKa) Inc BRKa.N . ID:nL3N1SN4CT

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

Gold futures GCcv1 : $1,290; -0.02 pct GOL/

US crude CLc1 : $71.16; -0.21 pct O/R

Brent crude LCOc1 : $77.89; -0.69 pct O/R

LME 3-month copper CMCU3 : $6817; 0.13 pct MET/L

ANALYST RESEARCH HIGHLIGHTS RCH/CA

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Linamar Corp LNR.TO RBC raises price target to C$86 from C$84.

• Surge Energy SGY.TO Canaccord Genuity raises price target to C$3.75 from C$3.50.

U.S. ECONOMIC DATA DUE ON WEDNESDAY

0830 Building permits-number for Apr: Expected 1.350 mln; Prior 1.379 mln

0830 Building permits-change mm for Apr: Prior 4.4 pct

0830 Housing starts number for Apr: Expected 1.310 mln; Prior 1.319 mln

0830 Housing starts change mm for Apr: Prior 1.9 pct

0915 Industrial production mm for Apr: Expected 0.6 pct; Prior 0.5 pct

0915 Capacity utilization mm for Apr: Expected 78.4 pct; Prior 78.0 pct

0915 Manufacturing output mm for Apr: Expected 0.5 pct; Prior 0.1 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$1.28)

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