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CANADA STOCKS-TSX futures higher as oil rises
August 22, 2017 / 11:33 AM / a month ago

CANADA STOCKS-TSX futures higher as oil rises

Aug 22 (Reuters) - Canada’s main stock index futures were trading slightly higher on Tuesday as oil prices rose, buoyed by indications that supply may be tightening gradually, especially in the United States.

September futures on the S&P TSX index were up 0.06 percent at 7:15 a.m. ET.

Retail sales data is due at 08:30 a.m. ET.

Canada’s main stock index ended flat on Monday as sharp gains for several base metal miners and a major bank offset losses for heavyweight energy stocks as crude oil prices turned sharply lower.

Dow Jones Industrial Average e-mini futures were up 0.17 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.15 percent and Nasdaq 100 e-mini futures were up 0.38 percent.

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TOP STORIES

Magna International has won approval to build a factory in western Hungary which could result in the Canadian car parts maker choosing Hungary over Slovenia for its new paint facility, Radio Slovenia reported.

Canadians took on more consumer debt in the second quarter and average mortgage loan balances also increased, but delinquency rates fell, credit report provider TransUnion said.

ANALYST RESEARCH HIGHLIGHTS

Transat At Inc : TD Securities raises target price to C$11 from C$10

Canadian Imperial Bank Of Commerce: KBW raises target price to C$116 from C$115

COMMODITIES AT 7:15 a.m. ET

Gold futures: $1283.2; -0.59 percent

US crude: $47.39; +0.04 percent

Brent crude: $51.64; -0.04 percent

LME 3-month copper: $6615.5; +0.45 percent

U.S. ECONOMIC DATA DUE ON TUESDAY

0900 Monthly home price mm for June: Prior 0.4 pct

0900 Monthly home price yy for June: Prior 6.9 pct

0900 Monthly Home Price Index for June: Prior 249.2

1000 Rich Fed composite Index for Aug: Prior 14

1000 Rich Fed, Services Index for Aug: Prior 12

1000 Rich Fed Manufacturing Shipments for Aug: Prior 13

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$1.26) (Reporting by Pathikrit Bandyopadhyay in Bengaluru; Editing by Saumyadeb Chakrabarty)

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