Canada Stocks: Futures rebound as oil prices rise

TransAlta Renewables

13/03/2020 11:37

March 13 (Reuters) - TSX futures gained on Friday as oil
prices rose, after the index closed at a record low in the
previous session on escalating coronavirus concerns. 
    March futures on the S&P/TSX index  SXFc1  were up 3.45% at
7:00 a.m. ET.
    The S&P/TSX composite Index  .GSPTSE , closed down 12.3% at
12,508.45 on Thursday, its biggest drop according to Refinitiv
Eikon data going back to June 1979.  urn:newsml:reuters.com:*:nL1N2B538H  urn:newsml:reuters.com:*:nL8N2B59N2
    Dow Jones Industrial Average e-mini futures  1YMc1  were up
4.55% at 7:00 a.m. ET, while S&P 500 e-mini futures  ESc1  were
up 4.86% and Nasdaq 100 e-mini futures  NQc1  were up 5.46%.
 .N 
    However, oil prices and global stock indexes were set for
their worst weekly drubbing since the 2008 financial crisis.
 urn:newsml:reuters.com:*:nL8N2B61UB  urn:newsml:reuters.com:*:nL4N2B60WI
    
     
    TOP STORIES  TOP/CAN 
    Canadian oil and gas producer Husky Energy  HSE.TO  followed
rivals and cut its 2020 capital spending budget by C$900 million
on Thursday, citing challenging global market conditions.
 urn:newsml:reuters.com:*:nL4N2B55OP
    Canadian Prime Minister Justin Trudeau will be in isolation
for two weeks after his wife, Sophie, tested positive for
coronavirus on Thursday, and the outbreak prompted the province
of Ontario to shutter schools to limit the spread.  urn:newsml:reuters.com:*:nL1N2B51ZZ
    
    ANALYST RESEARCH HIGHLIGHTS  RCH/CA 
    Canadian Pacific Railway Ltd  CP.TO : RBC cuts price target
to C$361 from C$391
    Premium Brands Holdings  PBH.TO : National Bank of Canada
cuts price target to C$103 from C$110
    Transalta Renewables  RNW.TO : National Bank of Canada
raises rating to "outperform" from "sector perform"
    
    COMMODITIES AT 7:00 a.m. ET 
    Gold futures  GCc2 : $1586; -0.27%  GOL/ 
    US crude  CLc1 : $33.11; +5.11%  O/R 
    Brent crude  LCOc1 : $35.1; +5.66%  O/R 
    
    U.S. ECONOMIC DATA DUE ON FRIDAY
    0830 Import prices mm for Feb: Expected -0.8%; prior 0.0%
    0830 Export prices mm for Feb: Expected -0.4%; prior 0.7%
    0830 Import prices yy for Feb: Prior 0.3%
    1000 U Mich Sentiment Preliminary for Mar: Expected 95.0;
prior 101.0
    1000 U Mich Conditions Preliminary for Mar: Expected 112.0;
prior 114.8
    1000 U Mich Expectations Preliminary for Mar: Expected 88.2;
prior 92.1
    1000 U Mich 1 year inflation preliminary for Mar: Prior 2.4%
    1000 U Mich 5-year inflation preliminary for Mar: Prior 2.3%
    
    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$1.38)

 (Reporting by Nachiket Tekawade in Bengaluru;
Editing by Vinay Dwivedi)
 ((Nachiket.tekawade@thomsonreuters.com))