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Higher oil prices push TSX futures up

Published 2019-06-07, 07:26 a/m
© Reuters.  Higher oil prices push TSX futures up
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June 7 (Reuters) - Futures for Canada's main stock index ticked higher on Friday on the back of rising oil prices, as Organization of the Petroleum Exporting Countries (OPEC) and other oil producers edged closer to extending a supply-cutting agreement.

June quarter futures on the S&P/TSX index SXFc1 were up 0.37% at 7:00 a.m. ET.

Canada's May employment figures and first-quarter industrial capacity utilization data are due at 8:30 a.m. ET.

The Toronto Stock Exchange's S&P/TSX index .GSPTSE closed up 15.14 points, or 0.09%, at 16,227.80. Jones Industrial Average e-mini futures 1YMc1 were up 0.34% at 7:00 a.m. ET, S&P 500 e-mini futures ESc1 0.35% and Nasdaq 100 e-mini futures NQc1 0.5%. .N

TOP STORIES TOP/CAN

Huawei Chief Financial Officer Meng Wanzhou will challenge her extradition to the United States on fraud charges at hearings set to begin Jan. 20, 2020, court records showed, after her legal team appeared before a Canadian judge. RESEARCH HIGHLIGHTS RCH/CA

Dollarama Inc DOL.TO : Canaccord Genuity raises price target to C$40 from C$37

Saputo Inc SAP.TO : Royal Bank of Canada cuts price target to C$50 from C$52

Just Energy Group Inc JE.TO : Canadian Imperial Bank of Commerce raises target price to C$5.50 from C$4.50

Canfor Corp CFP.TO : Canadian Imperial Bank of Commerce cuts target price to C$1.25 from C$1.50

COMMODITIES AT 7:00 a.m. ET COM/WRAP

Gold futures GCc2 : $1334.8; -0.37% GOL/

US crude CLc1 : $53.26; +1.27% O/R

Brent crude LCOc1 : $62.5; +1.35% O/R

U.S. ECONOMIC DATA DUE ON FRIDAY

0830 Non-farm payrolls for May: Expected 185,000; Prior 263,000

0830 Private payrolls for May: Expected 175,000; Prior 236,000

0830 Manufacturing payrolls for May: Expected 5,000; Prior 4,000

0830 Government payrolls for May: Prior 27,000

0830 Unemployment rate for May: Expected 3.6%; Prior 3.6%

0830 Average earnings mm for May: Expected 0.3%; Prior 0.2%

0830 Average earnings yy for May: Expected 3.2%; Prior 3.2%

0830 Average workweek hours for May: Expected 34.5 hrs; Prior 34.4 hrs

0830 Labor force partic for May: Prior 62.8%

0830 U6 underemployment for May: Prior 7.3%

1000 Wholesale inventory, R mm for April: Expected 0.7%; Prior 0.7%

1000 Wholesale sales mm for April: Expected 0.0%; Prior 2.3%

1500 Consumer credit for April: Expected $12.00 bln; Prior $10.28 bln

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$1.34)

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