May 30 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Wednesday as Brent crude prices rose towards $76 a barrel, supported by tight supplies.
June futures on the S&P TSX index SXFc1 were up 0.33 percent at 7:15 a.m. ET.
Investors will watch out for the Bank of Canada's interest rate decision scheduled at 10:00 a.m. ET. The central bank is expected to hold rates steady at 1.25 percent, but firmer price and wage inflation will prompt two increases in the second half of 2018, according to a Reuters poll.
The Toronto Stock Exchange's S&P/TSX .GSPTSE fell 93.53 points, or 0.58 percent, to 15,922.61 on Tuesday. Jones Industrial Average e-mini futures 1YMc1 were up 0.61 percent at 7:15 a.m. ET, while S&P 500 e-mini futures Esc1 were rose 0.52 percent and Nasdaq 100 e-mini futures NQc1 were 0.36 percent higher. .N
(Morning News Call newsletter http://link.reuters.com/nex49s; The Day Ahead newsletter http://link.reuters.com/mex49s)
TOP STORIES TOP/CAN
Bank of Montreal BMO.TO on Wednesday reported second-quarter results which were ahead of market expectations, driven by strong performances at its retail and wealth management businesses in Canada and the United States. than 3,000 locomotive engineers and conductors at Canadian Pacific Railway CP.TO have gone on strike on Tuesday night, trade union Teamsters Canada said in a statement. AT 7:15 a.m. ET COM/WRAP
Gold futures GCcv1 : $1297.1; -0.15 pct GOL/
US crude CLc1 : $66.86; 0.19 pct O/R
Brent crude LCOc1 : $75.76; 0.49 pct O/R
LME 3-month copper CMCU3 : $6803; -0.83 pct MET/L
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Keyera Corp KEY.TO : CIBC raises price target to C$46 from C$45.
Kinder Morgan (NYSE:KMI) Canada Ltd KML.TO : CIBC cuts price target to C$17 from C$22.
Laurentian Bank of Canada LB.TO : CIBC cuts rating to underperformer from neutral; cuts price target to C$49 from C$55.
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0815 ADP national employment for May: Expected 190,000; Prior 204,000
0830 Corporate profits preliminary for Q1: Prior 1.7 pct
0830 GDP 2nd estimate for Q1: Expected 2.3 pct; Prior 2.3 pct
0830 GDP sales preliminary for Q1: Expected 2.0 pct; Prior 1.9 pct
0830 GDP consumption spending preliminary for Q1: Prior 1.1 pct
0830 GDP deflator preliminary for Q1: Expected 2.0 pct; Prior 2.0 pct
0830 Core PCE prices preliminary for Q1: Expected 2.5 pct; Prior 1.9 pct
0830 PCE prices preliminary for Q1: Expected 2.7 pct; Prior 2.7 pct
0830 Advance goods trade balance for Apr: Prior -68.04 bln
0830 Wholesale inventories advance for Apr: Prior 0.3 pct
0830 Retail inventories advance for Apr: Prior -0.1 pct
1030 Texas Service Sector Outlook for May: Prior 14.5
1030 Dallas Fed Services Revenues for May: Prior 14.7
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($1= C$1.30)