CANADA-TSX STOCK futures fall as gold and oil prices weigh
April 14 (Reuters) – Futures for Canada’s main stock index fell slightly on Thursday, under pressure from falling bullion and crude prices, as investors awaited a batch of economic data expected later in the day.
June futures on the S&P/TSX index SXFc1 were down 0.1% as of 7:04 a.m. ET.
Gold XUA= fell, but the yellow metal was still on track for a weekly gain supported by safe-haven demand amid the Ukraine crisis and mounting price pressures. GOL/
Oil prices slid more than 1% in tight trade ahead of a holiday as traders weighed a bigger-than-expected rise in U.S. oil inventories against a tightening in global supply. OR
Wholesale trade and factory sales data for Canada for February are due at 8:30 a.m. ET.
The Toronto Stock Exchange S&P/TSX Composite Index .GSPTSE ended up 0.6% at 21,838.02 on Wednesday. .FOR
Dow e-minis 1YMcv1 were up 81 points, or 0.23%, as of 7:04 a.m. ET. S&P 500 Mini-Electronics ESCv1 were up 2.75 points, or 0.06%, and Nasdaq 100 e-minis NQcv1 increased by 16.25 points, or 0.11%. .NOT
TOP STORIES TOP/CAN
TD Bank Group TD.TO will offer eligible employees a 3% increase in their base salary or a one-time cash award starting July 1, chief executive Bharat Masrani said in an internal memo on Wednesday.
Uniti Group UWL.AX has accepted a takeover bid of almost 3.62 billion Australian dollars ($2.70 billion) by a unit of the Canadian company Brookfield Asset Management Inc. BAMa.TO and fund manager Morrison & Co.
ANALYSTS RESEARCH HIGHLIGHTS RCH/CA
Baytex Energy Corporation BTE.TO: National Bank of Canada improves to outperform the sector
Questor Technology QST.V: Atb Capital Markets cuts to underperform sector performance
Rubellite Energy Inc RBY.TO: Cormark Securities initiates with a buy rating
GOODS AT 7:00 a.m. ET
Gold Futures Contracts GCc2: $1,970.8; -0.6%; GOL/
American crude CLc1: $103.1; -1.1% OR
Crude Brent LCOc1: $107.37; -1.3% OR
US ECONOMIC DATA DUE THURSDAY
0830 Retail sales excluding automobiles mm for March: 1.0% expected; Before 0.2%
0830 mm Retail Sales for March: 0.6% expected; Before 0.3%
08:30 Continuation of the unemployment claim: 1,500 million expected; Before 1.523 million
08:30 Initial unemployment registration: 171,000 expected; Before 166,000
0830 March import price mm: 2.3% expected; Before 1.4%
1000 U Mich Preliminary Sentiment for Apr: Expected 59.0; Before 59.4
1000 mm Business Inventories for February: 1.3% expected; Before 1.1%
FOR NEWS FROM CANADIAN MARKETS, CLICK ON THE CODES:
TSX Market Report .FOR
Canadian dollar and bond report BODY/CALIFORNIA/
Reuters Global Equity Survey for Canada EQUITYPOLL1, EPOLL/CA
Directory of Canadian Markets CANADA
($1 = CA$1.25)
(Reporting by Devik Jain in Bengaluru; Editing by Amy Caren Daniel)
((Devik.Jain@thomsonreuters.com; in US +1 646 223 8780; outside US +91 80 6182 2062; ;))
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