Canada Stocks: TSX futures edge up as oil prices gain on slowing virus spread

Park Lawn

19/02/2020 12:33

Feb 19 (Reuters) - Futures for Canada's main stock index
were marginally up on Wednesday, gaining support from higher
crude prices as a fall in the number of new coronavirus cases in
China for the second straight day eased oil demand worries.
    March futures on the S&P/TSX index  SXFc1  were slightly up
0.05% at 7:05 a.m. ET.
    Oil prices were also buoyed by a U.S. decision to blacklist
a trading subsidiary of Russia's Rosneft  ROSN.MM  which
President Donald Trump's administration said provided a
financial lifeline to Venezuela's government.  urn:newsml:reuters.com:*:nL1N2AI0LD
 urn:newsml:reuters.com:*:nL4N2AJ16V
    Canadian inflation data is due at 08:30 a.m. ET.
    The Toronto Stock Exchange's TSX  .GSPTSE  closed 0.06%
higher at 17,858.34 on Tuesday.  urn:newsml:reuters.com:*:nL8N2AI6OF
    Dow Jones Industrial Average e-mini futures  1YMc1  were up
0.25% at 7:00 a.m. ET, while S&P 500 e-mini futures  ESc1  were
up 0.25% and Nasdaq 100 e-mini futures  NQc1  were up 0.36%.
 .N 
    
     
    TOP STORIES  TOP/CAN 
    Caltex Australia Ltd  CTX.AX  said on Wednesday that
Britain's EG Group has offered to buy the convenience store,
petrol station and refinery firm, rivaling Canada's Alimentation
Couche-Tard Inc's  ATDb.TO  twice-improved A$8.80 billion bid.
 urn:newsml:reuters.com:*:nL4N2AI5AN
    Canadian fertilizer maker Nutrien Ltd  NTR.TO  on Tuesday
reported a smaller-than-expected quarterly profit and forecast
full-year earnings below analysts' estimates on weak global
demand for fertilizers and lower potash prices.  urn:newsml:reuters.com:*:nL4N2AI512
            
    ANALYST RESEARCH HIGHLIGHTS  RCH/CA 
    Air Canada  AC.TO : RBC cuts price target to C$58 from C$59
    Aphria Inc  APHA.TO : Bryan Garnier cuts fair value to C$6.5
from C$12.4
    Park Lawn Corp  PLC.TO : CIBC cuts price target to C$33 from
C$34
    
    COMMODITIES AT 7:05 a.m. ET 
    Gold futures  GCc2 : $1609.6; rose 0.54%  GOL/ 
    U.S. crude  CLc1 : $52.84; rose 1.52%  O/R 
    Brent crude  LCOc1 : $58.6; rose 1.47%  O/R 
    
    U.S. ECONOMIC DATA DUE ON WEDNESDAY
    0830 Building permits, number for Jan: Expected 1.450 mln;
Prior 1.420 mln
    0830 Building permits, change mm for Jan: Prior -3.7%
    0830 Housing starts number for Jan: Expected 1.425 mln;
Prior 1.608 mln
    0830 Housing starts mm, change for Jan: Prior 16.9%
    0830 PPI final demand yy for Jan: Expected 1.6%; Prior 1.3%
    0830 PPI final demand mm for Jan: Expected 0.1%; Prior 0.1%
    0830 PPI ex-food/energy yy for Jan: Expected 1.3%; Prior
1.1%
    0830 PPI ex-food/energy mm for Jan: Expected 0.1%; Prior
0.1%
    0830 PPI ex-food/energy/transport yy for Jan: Prior 1.5%
    0830 PPI ex-food/energy/transport mm for Jan: 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$1.32)

 (Reporting by Sourav Bose in Bengaluru; Editing by Shounak
Dasgupta)