June 6 (Reuters) - Futures for Canada's main stock index were little changed on Wednesday as early gains in oil prices were capped by reports that the U.S. government had asked some producers to increase output.
June futures on the S&P/TSX index SXFc1 were down 0.01 percent at 7:20 a.m. ET.
Building permits and trade balance data for April are due at 08:30 a.m. ET.
Oil prices steadied on Wednesday after Venezuela raised the prospect of a halt to some crude exports, easing worries about oversupply after reports that the U.S. government had asked Saudi Arabia and some other producers to increase output. Toronto Stock Exchange's S&P/TSX .GSPTSE rose 70.01 points, or 0.44 percent, to 16,122.25, on Tuesday. Jones Industrial Average e-mini futures 1YMc1 were up 0.35 percent at 7:20 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.15 percent and Nasdaq 100 e-mini futures NQc1 were up 0.08 percent. .N
TOP STORIES TOP/CAN
Air China Ltd 601111.SS 0753.HK and Air Canada AC.TO signed a joint venture agreement to increase the commercial cooperation on flights between the two countries, both airlines said. AirBaltic hastened a deal for Bombardier BBDb.TO CSeries planes before Airbus formally takes over the Canadian planemaker because it was worried about securing the right delivery slots, the carrier's chief executive said. RESEARCH HIGHLIGHTS RCH/CA
Canadian Imperial Bank Of Commerce CM.TO : Citigroup (NYSE:C) raises price target to C$130 from C$125
Hudson's Bay Co HBC.TO : National Bank Of Canada raises target price to C$11 from C$10
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCcv1 : $1299.5; fell 0.21 percent GOL/
US crude CLc1 : $65.13; fell 0.6 percent O/R
Brent crude LCOc1 : $75.33; fell 0.07 percent O/R
LME 3-month copper CMCU3 : $7164.5; rose 0.92 percent MET/L
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0830 International trade for Apr: Expected -$49.0 bln; Prior -$49.0 bln
0830 Goods trade balance (R) for Apr: Prior -$68.19 bln
0830 Labor costs revised for Q1: Expected 2.8 pct; Prior 2.7 pct
0830 Productivity revised for Q1: Expected 0.6 pct; Prior 0.7 pct
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