CANADA STOCKS-TSX futures little changed after CPI and retail data

Fri Mar 21, 2014 8:56am EDT

(Updates after CPI and retail sales data)

March 21 (Reuters) - Stock futures on Canada's main stock index were little changed on Friday after data showed higher-than-expected retail sales and a slower rate of annual inflation.

June futures on the S&P TSX index <0#SXF:> were up 0.17 percent at 0845 ET, slightly below their level before the data.

Retail trade in January rose by a higher-than-expected 1.3 percent from December, partially recovering from the extreme weather-related decline the previous month.

Annual inflation eased to 1.1 percent in February from a 1-1/2-year high of 1.5 percent in January, but above the average market forecast of a 0.9 percent.

Banks led stocks higher on Thursday as investors bet on higher U.S. interest rates and a continuing recovery in the U.S. economy. In her first press conference as chair of the Federal Reserve, Janet Yellen on Wednesday indicated that the first increase in rates could come in the first half of next year.

Dow Jones industrial average futures were up 0.31 percent At 0830 ET, S&P 500 futures were up 0.23 percent and Nasdaq 100 futures were up 0.26 percent.

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

TOP STORIES

Private equity investment firm Onex Corp said it would sell The Warranty Group, a provider of extended warranty contracts, to an affiliate of TPG Capital Management LP for an enterprise value of about $1.5 billion.

Silver Wheaton Corp reported a 47 percent fall in quarterly profit due to a decline in metal prices, but forecast slightly higher production for the current year.

Bombardier Inc provided an upbeat 2016 revenue forecast on Thursday despite its struggles to get its costly new Cseries jetliner into service.

Railway staff of Canadian National Railway Co narrowly voted against a strike-busting labor deal tentatively agreed upon by the company and union.

COMMODITIES AT 0830 ET

Thomson Reuters-Jefferies CRB Index : 300.5441; +0.12 pct

Gold futures : $1,339.1; +0.65 pct

US crude : $99.27; +0.37 pct

Brent crude : $107.01; +0.53 pct

LME 3-month copper : $6,528.75; +1.54 pct

ANALYST RESEARCH HIGHLIGHTS

Medical Facilities : TD Securities raises to buy from hold; raises target price to C$21

Parex Resources : Canaccord Genuity raises to buy from hold; raises target price to C$10.50

Newalta Corp : CIBC cuts to sector performer from sector outperformer

U.S. ECONOMIC DATA DUE ON FRIDAY

1030 ECRI weekly index w/e: Prior 133.8

1030 ECRI weekly annualized for w/e: Prior +2.3 pct

FOR CANADIAN MARKETS NEWS, CLICK ON CODES IN BRACKETS:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory ($1= $1.11 Canadian) (Reporting by Ayesha Sruti Ahmed in Bangalore; Editing by Ted Kerr)

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