TSX futures little changed ahead of U.S. payroll data

April 4 Fri Apr 4, 2014 7:31am EDT

April 4 (Reuters) - Canada's stock futures were little changed on Friday as investors took to the sidelines ahead of key U.S. employment data.

June futures on the S&P TSX index <0#SXF:> were up 0.07 percent at 0715 ET.

Employment and Ivey PMI data is due at 0830 ET.

Canada's main stock index fell on Thursday as sluggish U.S. economic data increased investor anxiety ahead of an upcoming jobs report and a drop in bullion hurt gold-mining shares.

Dow Jones Industrial Average futures were up 0.12 percent, S&P 500 futures were up 0.18 percent and Nasdaq 100 futures were up 0.25 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)

TOP STORIES

Air Canada on Thursday said it expects higher first-quarter earnings before interest, taxes, depreciation, amortization and impairment, and aircraft rent due to system-wide traffic growth and capacity increase.

A lack of comprehensive data on Canada's housing sector poses risks to the country's hot real estate market by restricting information that could help investors make sound decisions, according to a prominent Canadian economist.

As a decision nears on naming the Bank of Canada's new No. 2 policymaker, one of two vacancies on its key rate-setting committee, analysts say the bank should tap internal talent for at least one of the jobs instead of looking outside.

COMMODITIES AT 0715 ET

Gold futures : $1290.9; +0.51 pct

US crude : $101.17; +0.88 pct

Brent crude : $106.56; +0.39 pct

LME 3-month copper : $6679.25; +0.55 pct

ANALYST RESEARCH HIGHLIGHTS

Air Canada : Canaccord Genuity raises target to C$10.50 from C$10.25

Hudson's Bay Co : Canaccord Genuity, Credit Suisse cut target price

U.S. ECONOMIC DATA DUE ON FRIDAY

08:30 Non-Farm Payrolls for March: Expected 200,000 Prior 175,000

08:30 Private Payrolls for March: Expected 195,000 Prior 162,000

08:30 Manufacturing Payrolls for March: Expected 7,000 Prior 6,000

08:30 Government Payrolls for March: Prior 13,000

08:30 Unemployment Rate for March: Expected 6.6 pct Prior 6.7 pct

10:30 ECRI Weekly Index for w/e: Prior 133.5

10:30 ECRI Weekly Annualized for w/e: Prior 2.9 pct

FOR CANADIAN MARKETS NEWS, CLICK ON CODES IN BRACKETS:

TSX market report

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Canadian markets directory

($1= $1.11 Canadian) (Reporting By Pronita Naidu; Editing by Saumyadeb Chakrabarty)