Canada Stocks: TSX futures flat as virus surge concerns offset oil strength

TransAlta Renewables

13/01/2021 12:15

Jan 13 (Reuters) - Canada's main stock index futures were
flat on Wednesday, mirroring subdued moves across global
markets, as optimism from gains in oil prices was offset by
concerns around rising global COVID-19 cases.
    U.S. West Texas Intermediate crude  CLc1  futures gained
0.36% and Brent crude  LCOc1  futures rose 0.16%, as industry
data showed a bigger-than-expected drop in U.S. crude
inventories.
    China recorded the biggest daily jump in coronavirus cases
in more than five months, while Germany and Italy reported
increases in cases despite strictest restrictions. urn:newsml:reuters.com:*:nL1N2JO02O
    March futures on the S&P/TSX index  SXFc1  were down 0.04%
at 7:00 a.m. ET.
    The Toronto Stock Exchange's S&P/TSX composite index
 .GSPTSE  ended 0.32% higher at 17,992.65 on Tuesday. 
    Dow Jones Industrial Average e-mini futures  1YMc1  were
down 0.04% at 7:00 a.m. ET, while S&P 500 e-mini futures  ESc1 
and Nasdaq 100 e-mini futures  NQc1  were down 0.11% and 0.05%,
respectively.
     
    TOP STORIES  TOP/CAN 
    European retail giant Carrefour  CARR.PA  has received a
surprise merger approach from Canadian convenience-store
operator Alimentation Couche-Tard  ATDb.TO , sending the French
company's shares up 13%.  urn:newsml:reuters.com:*:nL1N2JO0LA
    
    ANALYST RESEARCH HIGHLIGHTS  RCH/CA 
    Capital Power Corp  CPX.TO : CIBC cuts to "neutral" from
"outperform"
    Northland Power Inc  NPI.TO : CIBC cuts to "neutral" from
"outperform"
    Transalta Renewables Inc  RNW.TO : CIBC cuts to
"underperform" from "neutral"
    
    COMMODITIES AT 7:00 a.m. ET 
    Gold futures  GCc2 : $1854.6; +0.56%  GOL/ 
    US crude  CLc1 : $53.33; +0.36%  O/R 
    Brent crude  LCOc1 : $56.6; +0.16%  O/R 
    
    U.S. ECONOMIC DATA DUE ON WEDNESDAY
    0830 Core CPI mm, SA for Dec: Expected 0.1%; Prior 0.2%
    0830 Core CPI yy, NSA for Dec: Expected 1.6%; Prior 1.6%
    0830 CPI Index, NSA for Dec: Expected 260.428; Prior 260.229
    0830 Core CPI Index, SA for Dec: Prior 269.89
    0830 CPI mm, SA for Dec: Expected 0.4%; Prior 0.2%
    0830 CPI yy, NSA for Dec: Expected 1.3%; Prior 1.2%
    0830 Real weekly earnings mm for Dec: Prior 0.1%
    0830 CPI mm NSA for Dec: Prior -0.060%
    0830 CPI Index  SA for Dec: Prior 260.820
    0830 CPI Wage Earner for Dec: Prior 253.826
    1100 Cleveland fed CPI for Dec: Prior 0.1%
    1100 Refinitiv IPSOS PCSI for Jan 2021: Prior 48.12
    1400 Federal budget, for Dec: Prior -$145.00 bln

    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$1.27)

 (Reporting by Amal S in Bengaluru; Editing by Rashmi Aich)
 ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780;
outside U.S. +91 80 6749 3677;))