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CANADA STOCKS-TSX futures rise as Syria tensions ease

Published 2018-04-12, 07:30 a/m
© Reuters.  CANADA STOCKS-TSX futures rise as Syria tensions ease
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April 12 (Reuters) - Futures for Canada's main index were higher on Thursday as investor worries over a swift American military action in Syria eased following U.S. President Donald Trump's latest comments.

June futures on the S&P TSX index SXFc1 were up 0.23 percent at 7:15 a.m. ET.

U.S. President Donald Trump amended on Thursday an earlier warning of a quick military strike against Syria in retaliation for a suspected chemical weapons attack on civilians, saying it "could be very soon or not so soon at all". comments on Wednesday had sparked concerns of a conflict with Russia, Syria's main ally.

New housing price index for February is due at 08:30 a.m. ET.

Canada's benchmark stock index was little changed on Wednesday as higher commodity prices amid geopolitical concerns boosted the shares of energy and materials companies, offsetting a decline in the heavily-weighted financials sector. Jones Industrial Average e-mini futures 1YMc1 were up 0.42 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.45 percent and Nasdaq 100 e-mini futures NQc1 were up 0.55 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 Prime Minister Justin Trudeau is set to pile pressure on British Columbia's provincial government to drop its resistance to a pipeline project, but will try to avoid tougher measures that might alienate voters who helped his Liberals win power, a source close to the matter said on Wednesday. RESEARCH HIGHLIGHTS RCH/CA

CI Financial Corp CIX.TO : Barclays (LON:BARC) cuts price target to C$31 from C$32

IGM Financial Inc IGM.TO : Barclays cuts price target to C$40 from C$42

Manulife Financial Corp MFC.TO : Desjardins cuts target price to C$28 from C$30

COMMODITIES AT 7:15 a.m. ET COM/WRAP

Gold futures GCc1 : $1347; fell 0.7 percent GOL/

US crude CLc1 : $66.7; fell 0.18 percent O/R

Brent crude LCOc1 : $71.82; fell 0.33 percent O/R

LME 3-month copper CMCU3 : $6793.5; fell 2.25 percent MET/L

U.S. ECONOMIC DATA DUE ON THURSDAY

0830 Import prices mm for Mar: Expected 0.2 pct; Prior 0.4 pct

0830 Export prices mm for Mar: Expected 0.2 pct; Prior 0.2 pct

0830 Initial jobless claims: Expected 230,000; Prior 242,000

0830 Jobless claims 4-week average: Prior 228,250

0830 Continued jobless claims: Expected 1.848 mln; Prior 1.808 mln

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$1.26)

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