Canada Stocks: TSX futures lower ahead of U.S. jobs data

Canfor Pulp Products

05/07/2019 12:28

July 5 (Reuters) - Stock futures pointed to a lower opening
for Canada's main stock index on Friday ahead of the release of
a crucial U.S. jobs report, which could offer some guidance on
the U.S. Federal Reserve's interest rate decision due later this
month.
    U.S. nonfarm payrolls probably increased by 160,000 jobs
last month after rising by only 75,000 in May, according to a
Reuters survey of economists.  urn:newsml:reuters.com:*:nL2N24218R
    September futures on the S&P/TSX index  SXFc1  were down
0.15% at 7:00 a.m. ET.
    Canada's employment data for June is due at 8:30 a.m. ET 
    The Toronto Stock Exchange's S&P/TSX  .GSPTSE  rose 12.65
points, or 0.08 percent, to 16,588.85 on Thursday.  urn:newsml:reuters.com:*:nL8N2454EK
    Dow Jones Industrial Average e-mini futures  1YMc1  were
down 0.11% at 7:00 a.m. ET, while S&P 500 e-mini futures  ESc1 
were down 0.15% and Nasdaq 100 e-mini futures  NQc1  were down
0.15%.  .N 

    
    ANALYST RESEARCH HIGHLIGHTS  RCH/CA 
    Norbord Inc  OSB.TO : CIBC raises target price to C$35 from
C$31
    Hardwoods Distribution Inc  HDI.TO  : CIBC cuts target price
to C$15 from C$16
    Canfor Pulp Products Inc  CFX.TO  : CIBC cuts target price
to C$13 from C$15
    
    
    COMMODITIES AT 7:00 a.m. ET  COM/WRAP 
    Gold futures  GCc2 : $1,417.8; -0.22%  GOL/ 
    US crude  CLc1 : $56.86; -0.84%  O/R 
    Brent crude  LCOc1 : $63.56; +0.39%  O/R 
    
    
    U.S. ECONOMIC DATA DUE ON FRIDAY
    0830 Non-farm payrolls for June: Expected 160,000; Prior
75,000
    0830 Private payrolls for June: Expected 153,000; Prior
90,000
    0830 Manufacturing payrolls for June: Expected 0; Prior 3000
    0830 Government payrolls for June: Prior -15,000
    0830 Unemployment rate for June: Expected 3.6%; Prior 3.6%
    0830 Average earnings mm for June: Expected 0.3%; Prior 0.2%
    0830 Average earnings yy for June: Expected 3.2%; Prior 3.1%
    0830 Average workweek hours for June: Expected 34.4 hrs;
Prior 34.4 hrs
    0830 Labor force participation for June: Prior 62.8%
    0830 U6 underemployment for June: Prior 7.1%
    
    
    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$1.31)

 (Reporting by Nachiket Tekawade in Bengaluru; Editing by Maju
Samuel)
 ((nachiket.tekawade@thomsonreuters.com))