CANADA STOCKS-Futures indicate lower open, Russia sanctions weigh
July 17 (Reuters) - Canadian stocks looked set to open lower on Thursday as the United States imposed its toughest sanctions yet on Russia, weighing on global risk sentiment.
June futures on the S&P TSX index <0#SXF:> were down 0.23 percent at 0715 ET.
May data on foreign investment in Canadian securities and Canadian investment in foreign securities is due at 0830 ET.
The S&P TSX index closed at a record high on Wednesday, with bullish economic data from China driving up commodity prices and shares of natural resources companies.
Dow Jones Industrial Average e-mini futures were down 0.34 percent at 0715 ET, while S&P 500 e-mini futures were down 0.6 percent. Nasdaq 100 e-mini futures were down 0.62 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)
Billionaire investor John Paulson on Wednesday called Valeant Pharmaceuticals International Inc a "very serious acquirer" and predicted that Allergan Inc could not rebuff the drugmaker on its own.
An eastbound Canadian Pacific Railway freight train carrying gasoline and other cargo derailed in the prairie province of Saskatchewan on Wednesday afternoon, the rail operator said, but there were no injuries, fire or leaks.
COMMODITIES AT 0715 ET
Gold futures : $1,304.5; +0.36 pct
US crude : $102.17; +0.96 pct
Brent crude : $107.69; +0.49 pct
LME 3-month copper : $7,036.00; -0.59 pct
ANALYST RESEARCH HIGHLIGHTS
Barrick Gold : Canaccord Genuity raises price target to C$19 from C$18.50; sell
Canadian Natural Resources : CIBC raises price target to C$57 from C$54
Peyto Exploration : RBC cuts rating to sector perform from outperform
Quebecor Inc : Canaccord Genuity cuts rating to hold
U.S. ECONOMIC DATA DUE ON THURSDAY
0830 Housing starts number mm for June: Expected +1.018 mln, prior +1.001 mln
0830 House starts mm: change for June: Prior -6.5 pct
0830 Building permits: number for June: Expected +1.040 mln, prior +1.005 mln
0830 Build permits: change mm for June: Prior -5.1 pct
0830 Initial jobless claims: Expected +310,000, prior +304,000
0830 Jobless claims 4-week average: Prior +311,500
0830 Continued jobless claims: Expected +2.575 mln, prior +2.584 mln
1000 Philly Fed business index for July: Expected +16.0, prior +17.8
1000 Philly Fed 6M index for July: Prior +52.00
1000 Philly Fed capex index for July: Prior +31.00
1000 Philly Fed employment for July: Prior +11.90
1000 Philly Fed prices paid for July: Prior +35.00
1000 Philly Fed new orders for July: Prior +16.80
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= $1.08 Canadian) (Reporting by Mononshila Deka in Bangalore; Editing by Kirti Pandey)