August 04 (Reuters) - Canada's main stock index futures rose on Tuesday, supported by firmer gold prices as worries over mounting coronavirus cases across the world boosted demand for the safe haven asset.
Gold prices gained 0.3%, indicating investors' appetite for the yellow metal amid an uncertain market phase. GOL/
September futures on the S&P/TSX index SXFc1 were up 1.12% at 7:00 a.m. ET.
Investors will be watching out Canada's manufacturing sales data for July, which is due at 08:30 a.m. ET.
On Friday, Toronto Stock Exchange S&P/TSX composite index .GSPTSE closed 0.79% lower at 16,169.2.
Dow Jones Industrial Average e-mini futures 1YMc1 were down 0.04% at 7:00 a.m. ET. S&P 500 e-mini futures ESc1 were down 0.15% and Nasdaq 100 e-mini futures NQc1 were down 0.18%. .N
TOP STORIES TOP/CAN
Bausch Health Companies Inc BHC.TO has agreed to pay $45 million, and three of former top executives also agreed to penalties, to settle charges of improper revenue recognition and misleading disclosures in U.S. regulatory filings, the U.S. Securities and Exchange Commission (SEC) said on Friday
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Air Canada AC.TO: Atb Capital cuts target price to C$31 from C$37
Dundee Precious Metals Inc DPM.TO: CIBC raises target price to C$12.50 from C$10.50
Pembina Pipeline PPL.TO: Jefferies initiates coverage of the stock with "hold" and a price target of C$34
COMMODITIES AT 7:00 a.m. ET
Gold futures GCc2: $1975.4; +0.3% GOL/
US crude CLc1: $40.41; -1.46% O/R
Brent crude LCOc1: $43.51; -1.45% O/R
U.S. ECONOMIC DATA DUE ON TUESDAY
0945 ISM-New York Index for Jul: Prior 806.0
0945 ISM New York Business Conditions for Jul: Prior 39.5
1000 Durables ex-defense, R mm for Jun: Prior 9.2%
1000 Durable goods, R mm for Jun: Prior 7.3%
1000 Factory orders mm for Jun: Expected 5.0%; Prior 8.0%
1000 Durables ex-transport R mm for Jun: Prior 3.3%
1000 Nondefense cap ex-air R mm for Jun: Prior 3.3%
1000 Factory ex-transport mm for Jun: Prior 2.6%
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
(Reporting by Amal S in Bengaluru; Editing by Amy Caren Daniel)
((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3677;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Latest Markets Videos
- Tesla removed from S&P 500 ESG index on autopilot, discrimination concerns
- US STOCKS-Wall Street ends sharply lower as Target and growth stocks sink
- Fed could cut rates in 2023, 2024 once inflation under control -Bullard
- Powell says Fed to 'keep pushing' rates higher until clear inflation is falling