Canada Stocks: TSX futures rise on hopes of oil price war resolution
02/04/2020 12:29
April 2 (Reuters) - Canada's main stock index futures rose
on Thursday as oil prices surged after U.S. President Donald
Trump said he expected Saudi Arabia and Russia to reach a deal
soon to end their oil price war.
June futures on the S&P/TSX index SXFc1 were up 1.81% at
7:00 a.m. ET.
Canada's trade deficit data is due at 08:30 a.m. ET
The Toronto Stock Exchange's S&P/TSX composite index
.GSPTSE closed down 3.76% at 12,876.37 on Wednesday.
urn:newsml:reuters.com:*:nL8N2BP7R8
Dow Jones Industrial Average e-mini futures 1YMc1 were up
1.76% at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were
up 1.58% and Nasdaq 100 e-mini futures NQc1 were up 1.1%. .N
TOP STORIES TOP/CAN
Canada-based integrated oil and natural gas company Cenovus
Energy CVE.TO said it would further reduce its full-year
capital spending plans by C$150 million, citing low global oil
prices. urn:newsml:reuters.com:*:nL4N2BQ2KU
Canadian e-commerce company Shopify Inc SHOP.TO on
Wednesday suspended its forecast for 2020, blaming uncertainties
fueled by the coronavirus pandemic. urn:newsml:reuters.com:*:nL4N2BP4J7
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Airboss of America Corp BOS.TO : CIBC raises target price
to C$23 from C$11
Extendicare Inc EXE.TO : RBC cuts target price to C$7.75
from C$8.75
Husky Energy Inc HSE.TO : Credit Suisse cuts target price
to C$4.5 from C$5
Sienna Senior Living Inc SIA.TO : RBC cuts target price to
C$15.50 from C$19
COMMODITIES AT 7:00 a.m. ET
Gold futures GCc2 : $1,601; +1.07% GOL/
US crude CLc1 : $22.32; +10.04% O/R
Brent crude LCOc1 : $27.35; +10.55% O/R
U.S. ECONOMIC DATA DUE ON THURSDAY
0730 Challenger layoffs for Mar: Prior 56,660
0830 International trade for Feb: Expected -$40.0 bln; Prior
-$45.3 bln
0830 Goods trade balance (R) for Feb: Prior -59.89 bln
0830 Initial jobless claims: Expected 3,500,000; Prior
3,283,000
0830 Jobless claims 4-week average : Prior 998,250
0830 Continued jobless claims: Expected 4.882 mln; Prior
1.803 mln
0945 ISM-New York Index for Mar: Prior 867.9
0945 ISM New York Business Conditions for Mar: Prior 51.9
1000 Durables ex-defense, R mm for Feb: Prior 0.1%
1000 Durable goods, R mm for Feb: Prior 1.2%
1000 Factory orders mm for Feb: Expected 0.2%; Prior -0.5%
1000 Durables ex-transport R mm for Feb: Prior -0.6%
1000 Nondefense cap ex-air R mm for Feb: Prior -0.8%
1000 Factory ex-transport mm for Feb: Prior -0.1%
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$1.41)
(Reporting by Priyanka Das in Bengaluru; Editing by Amy Caren
Daniel)
((Priyanka.das@thomsonreuters.com))