Canada Stocks: TSX futures tick up on higher oil prices

MAV Beauty Brands

14/11/2019 12:36

Nov 14 (Reuters) - Futures for Canada's main stock index
edged up on Thursday, buoyed by gains in oil prices following a
surprise drop in U.S. crude inventories and OPEC's comment about
lower-than-expected U.S. shale production in 2020.
    The American Petroleum Institute reported on Wednesday an
unexpected drop in U.S. crude stockpiles by 541,000 barrels in
the week to Nov. 8, against analysts' expectations of an
increase of 1.6 million barrels.  urn:newsml:reuters.com:*:nL4N27U0SK
    Organization of the Petroleum Exporting Countries (OPEC)
said there would likely be downward revisions of supply going
into 2020, especially from U.S. shale.
    December futures on the S&P/TSX index  SXFc1  were up 0.08%
at 7:00 a.m. ET.
    New housing price index for September is due at 8:30 a.m. ET
    The Toronto Stock Exchange's S&P/TSX composite index rose
0.29% to 16,957.99 on Wednesday.
    Dow Jones Industrial Average e-mini futures  1YMc1  were
down 0.07% at 7:00 a.m. ET, while S&P 500 e-mini futures  ESc1 
were down 0.1% and Nasdaq 100 e-mini futures  NQc1  were down
0.14%.  .N 
    
     
    TOP STORIES  TOP/CAN 
    Canopy Growth Corp  WEED.TO  reported a bigger quarterly
loss on Thursday, as the Canadian pot producer was hit by
restructuring charges.  urn:newsml:reuters.com:*:nL4N27U3DW
    
    
    ANALYST RESEARCH HIGHLIGHTS  RCH/CA 
    CAE Inc  CAE.TO : CIBC raises price target to C$38 from C$37
    Mav Beauty Brands Inc  MAV.TO : CIBC cuts to neutral from
outperformer
    Loblaw Companies Ltd  L.TO : CIBC raises price target to
C$80 from C$77
    
    COMMODITIES AT 7:00 a.m. ET  COM/WRAP 
    Gold futures  GCc2 : $1467.7; +0.3%  GOL/ 
    US crude  CLc1 : $57.75; +1.1%  O/R 
    Brent crude  LCOc1 : $63.18; +1.3%  O/R 
       
    
    U.S. ECONOMIC DATA DUE ON FRIDAY
    0830 Initial jobless claims: Expected 215,000; Prior 211,000
    0830 Jobless claims 4-week average: Prior 215,250
    0830 Continued jobless claims: Expected 1.687 mln; Prior
1.689 mln
    0830 PPI final demand yy for Oct: Expected 0.9%; Prior 1.4%
    0830 PPI final demand mm for Oct: Expected 0.3%; Prior -0.3%
    0830 PPI exfood/energy yy for Oct: Expected 1.5%; Prior 2.0%
    0830 PPI ex food/energy mm for Oct: Expected 0.2%; Prior
-0.3%
    0830 PPI ex food/energy/transport yy for Oct: Prior 1.7%
    0830 PPI ex food/energy/transport mm for Oct: Prior 0.0%
    
    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$1.32)

 (Reporting by Swathi Nair in Bengaluru; Editing by Shinjini
Ganguli)
 ((s.nair@thomsonreuters.com))