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CANADA STOCKS-TSX futures edge up but growth concerns limit gains

Published 2018-10-10, 07:33 a/m
CANADA STOCKS-TSX futures edge up but growth concerns limit gains
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Oct 10 (Reuters) - Futures for Canada's main stock index edged higher on Wednesday, but gains were kept in check by fears around global economic growth.

The International Monetary Fund on Tuesday cut its world GDP forecasts for the first time in two years and slashed expectations for emerging markets for 2019. futures on the S&P/TSX index SXFc1 were up 0.09 percent at 7:00 a.m. ET.

Building permits data for August is due at 8:30 a.m. ET.

The Toronto Stock Exchange's S&P/TSX .GSPTSE fell 92.12 points, or 0.58 percent, to 15,854.05 on Tuesday. Jones Industrial Average e-mini futures 1YMc1 were down 0.02 percent at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.03 percent and Nasdaq 100 e-mini futures NQc1 were down 0.14 percent. .N

TOP STORIES TOP/CAN

Parkland Fuel Corp PKI.TO , a Canada-based marketer of petroleum products, said it would buy a 75 percent stake in privately held SOL Investments Ltd and its units for C$1.57 billion. natural gas transmission pipeline ruptured in a rural area north of Prince George in the Canadian province of British Columbia on Tuesday, prompting precautionary evacuations, pipeline owner and operator Enbridge said. RESEARCH HIGHLIGHTS RCH/CA

Frontera Energy Corp FEC.TO : Eight Capital cuts target price to C$24.50 from C$26.50

Parkland Fuel Corp PKI.TO : Desjardins raises target price to C$47 from C$46

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

Gold futures GCc2 : $1189.7; +0.08 percent GOL/

US crude CLc1 : $74.81; -0.2 percent O/R

Brent crude LCOc1 : $84.81; -0.22 percent O/R

U.S. ECONOMIC DATA DUE ON WEDNESDAY

0830 PPI final demand yy for Sep: Expected 2.8 pct; Prior 2.8 pct

0830 PPI final demand mm for Sep: Expected 0.2 pct; Prior -0.1 pct

0830 PPI exfood/energy yy for Sep: Expected 2.5 pct; Prior 2.3 pct

0830 PPI exfood/energy mm for Sep: Expected 0.2 pct; Prior -0.1 pct

0830 PPI ex food/energy/transport yy for Sep: Prior 2.9 pct

0830 PPI ex food/energy/transport mm for Sep: Prior 0.1 pct

1000 Wholesale inventory, R mm for Aug: Expected 0.8 pct;

Prior 0.8 pct

1000 Wholesale sales mm for Aug: Expected 0.2 pct; Prior 0.0 pct

1100 TR IPSOS PCSI for Oct: Prior 62.77

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$1.30)

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