CANADA STOCKS-TSX set to open higher, U.S. data supports

March 26 Wed Mar 26, 2014 7:31am EDT

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March 26 (Reuters) - Canada's main stock index looked set to extend the previous session's gains on Wednesday after investor confidence got a boost from Tuesday's U.S. housing and consumer confidence data.

June futures on the S&P TSX index <0#SXF:> were up 0.21 percent at 0715 ET.

Share prices were also buoyed on Tuesday by easing tensions over Ukraine.

Dow Jones industrial average futures were up 0.13 percent, S&P 500 futures were up 0.36 percent and Nasdaq 100 futures were up 0.26 percent at 0715 ET.

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

TOP STORIES

Blackstone Group is close to a deal to buy industrial conglomerate Gates Global Inc from owners Onex Corp and the Canada Pension Plan Investment Board for more than $5.5 billion, people familiar with the matter said.

Goldcorp Inc would rather walk away from its hostile bid for Osisko Mining Corp than pay too much, Chairman Ian Telfer said without ruling out a higher bid.

The governing separatist Parti Quebecois would lose next month's Quebec provincial election if it were held now, a poll showed, a casualty of renewed concentration during the campaign on the issue of independence from Canada.

COMMODITIES AT 0715 ET

Gold futures : $1,315.2; +0.29 pct

US crude : $99.38; +0.19 pct

Brent crude : $107.13; +0.13 pct

LME 3-month copper : $6,550; -0.8 pct

ANALYST RESEARCH HIGHLIGHTS

Kinross Gold Corp : Canaccord Genuity raises to buy

Vicwest Inc : NBF cuts to sector perform from outperform

U.S. ECONOMIC DATA DUE ON WEDNESDAY

0830 Durable Goods Feb: Expected +1.0 pct Prior -1.0 pct

0830 Durables Ex-Transport Feb: Expected +0.3 pct Prior +1.1 pct

0830 Durables Ex-Defense mm Feb: Prior -1.7 pct

0830 Nondefense Ex-Air Feb: Expected +0.7 pct Prior +1.5 pct

0945 Markit Services PMI Final Mar: Prior 53.3

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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