US Markets

TSX futures slightly higher as oil prices rise

Credit: REUTERS/CHRIS HELGREN

Futures for Canada's main stock index inched higher on Wednesday as oil prices rose after industry data showed a fall in stockpiles of U.S. crude.

Aug 28 (Reuters) - Futures for Canada's main stock index inched higher on Wednesday as oil prices rose after industry data showed a fall in stockpiles of U.S. crude.

U.S. crude stockpiles plummeted by 11.1 million barrels last week as imports dropped, compared with expectations for a 2-million-barrel draw, data from the American Petroleum Institute, an industry group, showed. API/S

September futures on the S&P/TSX index SXFc1 were up 0.09% at 7:00 a.m. ET.

The Toronto Stock Exchange S&P/TSX composite index .GSPTSE rose 0.53 percent to 16,183.59 on Tuesday.

Dow Jones Industrial Average e-mini futures 1YMc1 were up 0.03% at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.07% and Nasdaq 100 e-mini futures NQc1 were up 0.01%. .N

TOP STORIES TOP/CAN

National Bank of Canada NA.TO reported quarterly profit above analysts' expectations, helped by growth in all its businesses, including personal and commercial lending.

A global shortage of pilots and mechanics is preventing some Canadian aviation service companies from meeting the needs of airlines and other customers scrambling to secure replacements for grounded Boeing BA.N 737 MAX jets.

ANALYST RESEARCH HIGHLIGHTS RCH/CA

Bank of Montreal BMO.TO: CIBC cuts price target to C$105 from $111

Bank of Nova Scotia BNS.TO: RBC cuts target price to C$80 from C$82

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

Gold futures GCc2: $1541.8; +0.03% GOL/

US crude CLc1: $55.8; +1.58% O/R

Brent crude LCOc1: $60.3; +1.33% O/R

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$1.33)

(Reporting by Pathikrit Bandyopadhyay in Bengaluru; Editing by Arun Koyyur)

((pathikrit.bandyopadhyay@thomsonreuters.com))

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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