Canada Stocks: Futures flat ahead of earnings reports, weak oil weighs on energy

Roots

01/11/2018 11:41

Nov 1, (Reuters) - Futures for Canada's main stock index
were trading flat on Thursday ahead of a slew of corporate
earnings, with energy shares coming under pressure from lower
oil prices.
    December futures on the S&P/TSX index  SXFc1  were up 0.02
percent at 7:18 a.m. ET.
    Manufacturing PMI data is due at 9:30 a.m. ET 
    The Toronto Stock Exchange's S&P/TSX  .GSPTSE  rose 132.78
points, or 0.89 percent, to 15,027.28, but still suffered its
worst monthly performance since September 2011.  urn:newsml:reuters.com:*:nL8N1XB8TA
    Oil prices fell as rising crude supply met the bearish
combination of concern over global growth and weak equity
markets.  urn:newsml:reuters.com:*:nL3N1XC089
    Dow Jones Industrial Average e-mini futures  1YMc1  were up
0.51 percent at 7:00 a.m. ET, while S&P 500 e-mini futures
 ESc1  were up 0.43 percent and Nasdaq 100 e-mini futures  NQc1 
were up 0.42 percent.  .N 
    
     
    TOP STORIES  TOP/CAN 
    Canada's Encana Corp  ECA.TO  said it would buy Newfield
Exploration Co  NFX.N  for $5.5 billion, for greater access to
North America's biggest oil patches and making it one of the
largest shale oil producers in the region.  urn:newsml:reuters.com:*:nL3N1XC3ZG
    Canadian Natural Resources Ltd's  CNQ.TO  quarterly profit
more than doubled and beat analysts' estimates, helped by higher
production and average realized prices.  urn:newsml:reuters.com:*:nL3N1XC3IY
    Suncor Energy Inc  SU.TO , Canada's second-largest energy
producer, reported a higher third-quarter profit on Wednesday on
better oil prices and increased refinery margins, along with
higher sales and output.  urn:newsml:reuters.com:*:nL2N1XB2G8
    
    ANALYST RESEARCH HIGHLIGHTS  RCH/CA 
    BSR REIT  HOMu.TO : National Bank of Canada starts coverage
with outperform rating
    Maxar Technologies Ltd  MAXR.TO : CIBC cuts rating to
neutral from outperformer
    Roots Corp  ROOT.TO : CIBC cuts target price to C$7 from
C$10
    
    COMMODITIES AT 7:15 a.m. ET  COM/WRAP 
    Gold futures  GCc2 : $1,127.7; -+1.0 pct  GOL/ 
    US crude  CLc1 : $46.39; -+0.64 pct  O/R 
    Brent crude  LCOc1 : $49.85; -+0.6 pct  O/R 
    LME 3-month copper  CMCU3 : $5,359.50; -+0.1 pct  MET/L 
    
    U.S. ECONOMIC DATA DUE ON THURSDAY
    0730 Challenger layoffs for Oct: Prior 55,285
    0830 Initial jobless claims : Expected 213,000; Prior
215,000
    0830 Jobless claims 4-week average : Prior 211,750
    0830 Continued jobless claims : Expected 1.640 mln; Prior
1.636 mln
    0830 Labor costs preliminary for Q3: Expected 1.0 pct; Prior
-1.0 pct
    0830 Productivity preliminary for Q3: Expected 2.2 pct;
Prior 2.9 pct
    0945 Markit Manufacturing PMI Final for Oct: Prior 55.9
    1000 Construction spending mm for Sep: Expected 0.1 pct;
Prior 0.1 pct
    1000 ISM Manufacturing PMI for Oct: Expected 59.0; Prior
59.8
    1000 ISM Manufacturing Prices Paid for Oct: Expected 65.0;
Prior 66.9
    1000 ISM Manufacturing Employment Index for Oct: Expected
57.5; Prior 58.8
    1000 ISM Manufacturing New Orders Index for Oct: Prior 61.8
    1530 Domestic car sales for Oct: Expected 3.91 mln; Prior
3.91 mln
    1530 Total vehicle sales for Oct: Expected 17.10 mln; Prior
17.44 mln

    
    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 Siddharth Athreya V in Bengaluru; Editing by Arun
Koyyur)