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CANADA STOCKS-TSX futures up with earnings in focus

Published 2018-05-03, 07:31 a/m
CANADA STOCKS-TSX futures up with earnings in focus

May 3 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Thursday as gold prices rose, while investors focused on a host of earnings from companies including Bombardier.

June futures on the S&P TSX index SXFc1 were up 0.15 percent at 7:15 a.m. ET.

Trade data for March is due at 8:30 a.m. ET

Canada's main stock index edged higher on Wednesday, although paring some earlier gains, as resource shares climbed, while financials and Maple Leaf Foods Inc MFI.TO lost ground. Jones Industrial Average e-mini futures 1YMc1 were down 0.01 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.03 percent and Nasdaq 100 e-mini futures NQc1 were down 0.03 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 plane and train maker Bombardier Inc BBDb.TO has agreed to sell its Toronto aircraft assembly site to a pension fund as it strives to raise extra cash under a five-year recovery plan. and gas producer Crescent Point Energy Corp CPG.TO reported a first-quarter loss as it sold Canadian crude at a bigger discount. Natural Resources Ltd CNQ.TO , Canada's largest independent petroleum producer, reported a better-than-expected quarterly profit, helped by higher oil sands production. RESEARCH HIGHLIGHTS RCH/CA

CGI Group Inc GIBa.TO : CIBC raises target price to C$83 from C$80

Suncor Energy Inc SU.TO : Barclays (LON:BARC) raises target price to C$60 from C$54

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

Gold futures GCc2 : $1312.6; +0.54 percent GOL/

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US crude CLc1 : $67.85; -0.12 percent O/R

Brent crude LCOc1 : $72.93; -0.59 percent O/R

LME 3-month copper CMCU3 : $6890.5; +1.03 percent MET/L

U.S. ECONOMIC DATA DUE ON THURSDAY

0730 Challenger Layoffs for Apr: Prior 60,357

0830 International trade for Mar: Expected -$50.0 bln; Prior -$57.6 bln

0830 Goods trade balance (R) for Mar: Prior -$68.04 bln

0830 Initial jobless claims: Expected 225,000; Prior 209,000

0830 Jobless claims 4-week average: Prior 229,250

0830 Continued jobless claims: Expected 1.838 mln; Prior 1.837 mln

0830 Labor costs preliminary for Q1: Expected 2.9 pct; Prior 2.5 pct

0830 Productivity preliminary for Q1: Expected 0.9 pct; Prior 0.0 pct

0945 Markit Composite Final PMI for Apr: Prior 54.8

0945 Markit Services PMI Final for Apr: Prior 54.4

1000 Durables ex-Defense, R mm for Mar: Prior 2.8 pct

1000 Durable goods, R mm for Mar: Prior 2.6 pct

1000 Factory orders mm for Mar: Expected 1.4 pct; Prior 1.2 pct

1000 Durables excluding-transport R mm for Mar: Prior 0.0 pct

1000 Nondefense capital goods excluding aircraft R mm for Mar: Prior -0.1 pct

1000 Factory excluding transport mm for Mar: Prior 0.1 pct

1000 ISM N-Manufacturing PMI for Apr: Expected 58.1; Prior 58.8

1000 ISM N-Manufacturing Business Activity for Apr: Expected 60; Prior 60.6

1000 ISM N-Manufacturing Employment Index for Apr: Prior 56.6

1000 ISM N-Manufacturing New Orders Index for Apr: Prior 59.5

1000 ISM N-Manufacturing Price Paid Index for Apr: Prior 61.5

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report .TO

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Canadian dollar and bonds report CAD/ CA/

Reuters global stocks poll for Canada EQUITYPOLL1 EPOLL/CA

Canadian markets directory CANADA ($1 = C$1.28)

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