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TSX futures rise on higher oil prices

Credit: REUTERS/CHRIS HELGREN

Futures for Canada's main equity index rose on Friday, as oil prices rose after two sessions of losses.

May 24 (Reuters) - Futures for Canada's main equity index rose on Friday, as oil prices rose after two sessions of losses.

However, crude prices remained on track for its biggest weekly drop this year due to rising inventories and concerns of a global economic slowdown. O/R

June futures on the S&P/TSX index SXFc1 were up 0.43% at 7:00 a.m. ET.

The Toronto Stock Exchange's S&P/TSX .GSPTSE fell 162.74 points, or 1%, to 16,164.61 on Thursday.

Dow Jones Industrial Average e-mini futures 1YMc1 were up 0.67% at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.65% and Nasdaq 100 e-mini futures NQc1 were up 0.58%. .N

ANALYST RESEARCH HIGHLIGHTS RCH/CA

Heroux Devtek Inc HRX.TO: TD Securities raises price target to C$22 from C$19.50

Prairiesky Royalty Ltd PSK.TO: RBC cuts price target to C$24 from C$26

Toronto-Dominion Bank TD.TO: Credit Suisse raises price target to C$83 from C$81

COMMODITIES AT 7:00 a.m. ET COM/WRAP

Gold futures GCc2: $1281.2; -0.33% GOL/

US crude CLc1: $58.56; +1.12% O/R

Brent crude LCOc1: $68.58; +1.21% O/R

U.S. ECONOMIC DATA DUE ON FRIDAY

0830 Durable goods for Apr: Expected -2.0%; Prior 2.6%

0830 Durables ex-transport for Apr: Expected 0.2%; Prior 0.3%

0830 Durables ex-defense mm for Apr: Prior 2.2%

0830 Non-defense capital goods ex-aircraft for Apr: Expected -0.3%; Prior 1.4%

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

($1 = C$1.35)

(Reporting by Yoganand KN in Bengaluru; Editing by Arun Koyyur)

((Yoganand.kn@thomsonreuters))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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