Canada Stocks: TSX futures rise as Trump, Putin agree to talks

Winpak

31/03/2020 12:32

March 31 (Reuters) - Canada's main stock index futures rose
on Tuesday after U.S. President Donald Trump and Russian
President Vladimir Putin agreed to talks aimed at stabilising
energy markets, and China posted an unexpected expansion in
factory activity.
    June futures on the S&P/TSX index  SXFc1  were up 0.43% at
7:00 a.m. ET.
    Canada's GDP for January and producer prices data for
February are due at 08:30 a.m. ET 
    The Toronto Stock Exchange's S&P/TSX composite index
 .GSPTSE  closed up 2.8% at 13,038.50 on Monday. urn:newsml:reuters.com:*:nL8N2BN975
    Dow Jones Industrial Average e-mini futures  1YMc1  were
down 0.15% at 7:00 a.m. ET, while S&P 500 e-mini futures  ESc1 
were down 0.14% and Nasdaq 100 e-mini futures  NQc1  were up
0.18%.  .N 
    
     
    TOP STORIES  TOP/CAN 
    Royal Bank of Canada  RY.TO  will not cut jobs in 2020 as a
result of the coronavirus outbreak, Dave McKay, chief executive
of Canada's biggest lender said in an employee memo shared by
the company.  urn:newsml:reuters.com:*:nL1N2BN2LR
    Air Canada  AC.TO  said on Monday it will cut second-quarter
capacity by 85%-90%, place about 15,200 unionized employees off
duty and furlough about 1,300 managers as the coronavirus
pandemic takes a toll on global travel and aviation.
 urn:newsml:reuters.com:*:nL1N2BN29A
    
    
    ANALYST RESEARCH HIGHLIGHTS  RCH/CA 
    Aecon Group Inc  ARE.TO : TD Securities cuts target price to
C$19.5 from C$23
    BRP Inc  DOO.TO : Canaccord Genuity cuts target price to
C$31 from C$40
    Quebecor Inc  QBRb.TO : Scotiabank cuts target price to C$37
from C$38
    Winpak Ltd  WPK.TO : CIBC cuts target price to C$43 from
C$49
    
    COMMODITIES AT 7:00 a.m. ET 
    Gold futures  GCc2 : $1,604.8; -1.97%  GOL/ 
    US crude  CLc1 : $21.57; +7.37%  O/R 
    Brent crude  LCOc1 : $23.67; +4%  O/R 
    
    
    U.S. ECONOMIC DATA DUE ON TUESDAY
    0900 Caseshiller 20 mm SA for Jan: Expected 0.4%; Prior 0.4%
    0900 Caseshiller 20 mm NSA for Jan: Prior 0.0%
    0900 Caseshiller 20 yy for Jan: Expected 3.2%; Prior 2.9%
    0945 (approx.) Chicago PMI for Mar: Expected 40.0; Prior
49.0
    1000 (approx.) Consumer Confidence for Mar: Expected 110.0;
Prior 130.7


    
    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$1.43)

 (Reporting by Priyanka Das in Bengaluru; Editing by Maju
Samuel)
 ((Priyanka.das@thomsonreuters.com))