Reuters logo
CANADA STOCKS-Futures rise as Fed meeting awaited
December 13, 2016 / 12:48 PM / a year ago

CANADA STOCKS-Futures rise as Fed meeting awaited

Dec 13 (Reuters) - Canada stock futures pointed to a higher opening for the main stock index on Tuesday, ahead of the U.S. Federal Reserve’s two-day meeting that starts later in the day.

The Fed is widely expected to raise interest rates, with investors looking for clues on the central bank’s thinking on further hikes in 2017.

December futures on the S&P TSX index were up 0.42 percent at 7:15 a.m. ET.

Canada’s main stock index ended slightly lower on Monday, breaking a six-day rally, as railway stocks weighed and an early jump in energy stocks lost steam.

Dow Jones Industrial Average e-mini futures were up 0.34 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.27 percent and Nasdaq 100 e-mini futures were up 0.33 percent.

(Morning News Call newsletter link.reuters.com/nex49s ; The Day Ahead newsletter link.reuters.com/mex49s)

TOP STORIES

Husky Energy Inc said it expected to increase production in 2017 as it aims to grow margins.

Japan’s biggest steelmaker Nippon Steel said it has agreed with Glencore Plc and Teck Resources Ltd on a coking coal price for first quarter of 2017 supplies that is 43 percent higher than the previous quarter.

ANALYST RESEARCH HIGHLIGHTS

Canadian Natural Resources : Instinet raises target price to C$48 from C$44

Enerplus Corp : RBC raises target price to C$14 from C$13

Wajax Corp : TD Securities cuts rating to “hold” from “buy”

COMMODITIES AT 7:15 a.m. ET

Gold futures : $1,160; -0.4 pct

US crude : $53.41; +1.04 pct

Brent crude : $56.40; +1.22 pct

LME 3-month copper : $5,773; +0.09 pct

U.S. ECONOMIC DATA DUE ON TUESDAY

0830 Import prices mm for Nov: Expected -0.4 pct; Prior +0.5 pct

0830 Export prices mm for Nov: Expected -0.2 pct; Prior +0.2 pct

0855 Redbook mm: Prior +0.2 pct

0855 Redbook yy: Prior +0.7 pct

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory ($1= C$1.31) (Reporting by Nivedita Balu in Bengaluru; Editing by Saumyadeb Chakrabarty)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below