Quantcast

TSX futures set to open higher as oil prices rise


Reuters

Oct 13 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Friday as oil prices edged up after a strong Chinese oil import data and turmoil in the Middle East boosted bulls in a market that is rebalancing after years of excess.

December futures on the S&P TSX index were up 0.20 percent at 7:15 a.m. ET.

Canada's main stock index pulled back from a 7-1/2-month high on Thursday with broad declines led by energy stocks under pressure from weaker oil prices.

The Day Ahead newsletter (graphic)

TOP STORIES

The leaders of Mexico and Canada pledged on Thursday to work toward a renegotiation of the North American Free Trade Agreement even as talks taking place in the United States turned sour due to hard-line U.S. demands.

The union leading a month-long strike at a General Motors Co auto plant in Ontario is refusing to make concessions after GM threatened to move production to Mexico, a move that could cost thousands of Canadian jobs.

COMMODITIES AT 7:15 a.m. ET

Gold futures: $1,294.5; -0.05 pct

US crude: $51.59; +1.94 pct

Brent crude: $57.51; +2.24 pct

LME 3-month copper: $6,899.50; +0.17 pct

ANALYST RESEARCH HIGHLIGHTS

Cervus Equipment Corp: CIBC raises price target to C$17 from C$15

Pretium Resources Inc: CIBC raises to outperformer

U.S. ECONOMIC DATA DUE ON FRIDAY

0830 Core CPI mm, SA for Sep: Expected 0.2 pct; Prior 0.2 pct

0830 Core CPI yy, NSA for Sep: Expected 1.8 pct; Prior 1.7 pct

0830 CPI Index, NSA for Sep: Expected 246.938 ; Prior 245.520

0830 Core CPI Index, SA for Sep: Prior 252.54

0830 CPI mm, SA for Sep: Expected 0.6 pct; Prior 0.4 pct

0830 CPI yy, NSA for Sep: Expected 2.3 pct; Prior 1.9 pct

0830 Real weekly earnings mm for Sep: Expected -0.3 pct; Prior -0.6 pct

0830 Retail sales ex-autos mm for Sep: Expected 0.3 pct; Prior 0.2 pct

0830 Retail sales mm for Sep: Expected 1.7 pct; Prior -0.2 pct

0830 Retail ex gas/autos for Sep: Expected 0.4 pct; Prior -0.1 pct

0830 Retail control for Sep: Expected 0.4 pct; Prior -0.2 pct

1000 Business inventories mm for Aug: Expected 0.7 pct; Prior 0.2 pct

1000 US retail inventory ex auto (R) for Aug: Prior 0.4 pct

1000 U Mich Sentiment Preliminary for Oct: Expected 95.0; Prior 95.1

1000 U Mich Conditions Preliminary for Oct: Expected 111.3 ; Prior 111.7

1000 U Mich Expectations Preliminary for Oct: Expected 84.7 ; Prior 84.4

1000 U Mich 1 year inflation preliminary for Oct: Prior 2.7 pct

1000 U Mich 5-year inflation preliminary for Oct: Prior 2.5 pct

1100 Cleveland fed CPI for Sep: Prior 0.2 pct

($1= C$1.24)




This article appears in: Stocks , World Markets , Politics
Referenced Symbols: GM ,


More from Reuters

Subscribe






See headlines for GM









Research Brokers before you trade

Want to trade FX?