Jan 24 (Reuters) - Futures on Canada's main stock index edged lower on Wednesday, weighed down by weaker Brent crude prices due to rising U.S. crude inventories.
March futures on the S&P TSX index SXFc1 were down 0.09 percent at 7:15 a.m. ET.
On Tuesday, Canada's benchmark stock index reversed earlier losses to close marginally higher, lifted by positive sentiment globally as well as higher oil and gold prices. Jones Industrial Average e-mini futures 1YMc1 were up 0.26 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.18 percent and Nasdaq 100 e-mini futures NQc1 were up 0.12 percent. .N
(Morning News Call newsletter http://share.thomsonreuters.com/assets/newsletters/Morning_News_Call/MNC_US.pdf ; The Day Ahead newsletter http://share.thomsonreuters.com/assets/newsletters/The_Day_Ahead/TDA_NAM.pdf)
TOP STORIES TOP/CAN
Canadian National Railway Co CNR.TO on Tuesday reported a lower-than-expected adjusted profit for the fourth quarter due to the heavy expenses it incurred to grow its business, sending shares of Canada's biggest freight railroad lower. BBDb.TO on Tuesday attempted to draw its Brazilian rival Embraer SA EMBR3.SA into a hotly contested trade dispute, two days before a U.S. agency will rule on whether duties should be slapped on American sales of the Canadian plane-and-train-maker's largest jet. opened a key round of negotiations to modernize NAFTA on Tuesday amid optimistic signs, as U.S. President Donald Trump said the talks were going "pretty well" and Canada's chief negotiator said he had high hopes for progress. RESEARCH HIGHLIGHTS RCH/CA
Alimentation Couche-Tard Inc ATDb.TO : Barclays (LON:BARC) raises price target to C$78 from $76
Encana Corp ECA.TO : Morgan Stanley (NYSE:MS) raises rating to overweight from equal weight
Husky Energy Inc HSE.TO : Morgan Stanley cuts to underweight from equal weight rating
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1,335.7; was unchanged 0 pct [GOL/
U.S. crude CLc1 : $64.63; +0.25 pct O/R
Brent crude LCOc1 : $69.85; -0.16 pct O/R
LME 3-month copper CMCU3 : $6,978.5; +0.8 pct MET/L
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0900 Monthly home price mm for Nov: Prior 0.5 pct
0900 Monthly home price yy for Nov: Prior 6.6 pct
0900 Monthly Home Price Index mm for Nov: Prior 254.7
0945 Markit Composite Flash PMI for Jan: Prior 54.1
0945 Markit Manufacturing PMI Flash for Jan: Expected 55.0; Prior 55.1
0945 Markit Services PMI Flash for Jan: Expected 54.0; Prior 53.7
1000 Existing home sales for Dec: Expected 5.70 mln; Prior 5.81 mln
1000 Existing home sales percentage change for Dec: Expected -2.2 pct; Prior 5.6 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$1.23)