Aug 16 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Wednesday as oil prices edged up after a report showed a decline in U.S. crude inventories.
The American Petroleum Institute said on Tuesday U.S. crude inventories fell by 9.2 million barrels in the week to Aug. 11 to 469.2 million. That compared with the average analyst expectation of a decrease of 3.1 million barrels.
September futures on the S&P TSX index SXFc1 were up 0.13 percent at 7:15 a.m. ET.
Statistics Canada will release data on foreign investment in Canadian securities and Canadians' stake in foreign securities for June at 08:30 a.m. ET ECONCA .
Canada's main stock index fell on Tuesday after an easing of tensions between North Korea and the United States hit the price of bullion, dragging down shares of gold-mining companies. Jones Industrial Average e-mini futures 1YMc1 were up 0.23 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.23 percent and Nasdaq 100 e-mini futures NQc1 were up 0.26 percent. .N
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TOP STORIES TOP/CAN
As the United States, Canada and Mexico kick off negotiations on Wednesday to modernize the North American Free Trade Agreement, the biggest uncertainty is whether a deal can pass President Donald Trump's "America First" test. RESEARCH HIGHLIGHTS RCH/CA
Metro Inc MRU.TO : CIBC cuts target price to C$46 from C$48
Prometic Life Sciences PLI.TO : National Bank of Canada cuts rating to "sector perform"
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1269.4; -0.34 percent GOL/
US crude CLc1 : $47.72; +0.36 percent O/R
Brent crude LCOc1 : $51.08; +0.55 percent O/R
LME 3-month copper CMCU3 : $6468; +1.4 percent MET/L
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0830 Building permits number for July: Expected 1.250 mln; Prior 1.275 mln
0830 Build permits change mm for July: Prior 9.2 pct
0830 Housing starts number mm for Jul: Expected 1.220 mln; Prior 1.215 mln
0830 House starts mm change for July: Prior 8.3 pct
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Canadian markets directory CANADA ($1= C$1.27)