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TSX futures up on higher oil prices

Published 2019-06-26, 07:31 a/m
TSX futures up on higher oil prices

June 26 (Reuters) - Canada's main stock index futures rose on Wednesday as oil prices jumped after data showed a decline in U.S. crude inventories and an outage at a major refinery on the U.S. East Coast.

September futures on the S&P/TSX index SXFc1 were up 0.27% at 7:10 a.m. ET.

The Toronto Stock Exchange's S&P/TSX .GSPTSE fell 152.19 points, or 0.92%, to 16,371.28 on Tuesday. Jones Industrial Average e-mini futures 1YMc1 were up 0.4% at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.43% and Nasdaq 100 e-mini futures NQc1 were up 0.68%. .N

Brent crude futures earlier touched their highest since May 31 at $66.25 a barrel and U.S. crude hit its highest level since May 30 at $59.13 a barrel.

TOP STORIES TOP/CAN

South Africa's Sibanye-Stillwater SGLJ.J is to sell a 51% stake in its PGM-copper project in northern Ontario to Generation Mining Ltd GENM.CD in a deal to further develop the asset, the previous miner said on Wednesdaay. RESEARCH HIGHLIGHTS RCH/CA

Centerra Gold Inc CG.TO : RBC raises rating to sector perform from underperform

Eldorado Gold Corp ELD.TO : JP Morgan raises rating to neutral from underweight

Kirkland Lake Gold Ltd KL.TO : RBC raises target price to C$54 from C$52

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

Gold futures GCc2 : $1402.8; fell 0.92% GOL/

US crude CLc1 : $58.89; rose 1.83% O/R

Brent crude LCOc1 : $65.87; rose 1.26% O/R

U.S. ECONOMIC DATA DUE ON WEDNESDAY

0830 Durable goods for May: Expected -0.1%; Prior -2.1%

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0830 Durables ex-transport for May: Expected 0.1%; Prior 0.0%

0830 Durables ex-defense mm for May: Prior -2.5%

0830 Nondefense cap ex-air for May: Expected 0.1%; Prior -1%

0830 Advance goods trade balance for May: Prior -$70.92 bln

0830 Wholesale inventories advance for May: Prior 0.8%

0830 Retail inventories ex-auto advance for May: Prior 0.4%

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$1.32)

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