Jan 17 Canada's main stock index futures pointed
to a flat to slightly lower open on Friday with investors
waiting to take cues from a slew of U.S. economic data including
housing starts, building permits and industrial production.
* General Electric Co posted a rise in quarterly net profit,
helped by strength in its businesses selling oil pumps and jet
* Morgan Stanley reported a sharp fall in quarterly profit as
the Wall Street bank was hit by $1.2 billion in legal bills but
adjusted earnings beat market estimates.
* Royal Dutch Shell issued a "significant" profit warning,
detailing across-the-board problems and the extent of the
challenges facing the oil major's new boss Ben van Beurden, who
took over two weeks ago.
* Schlumberger Ltd, the world's largest oilfield services
company, reported a better-than-expected 22 percent jump in
fourth-quarter profit as robust international drilling activity
made up for weakness in North America.
* Intel Corp's earnings missed expectations by a penny in the
fourth quarter due to weak spending on servers, and the
chipmaker gave a lukewarm forecast for first-quarter revenue
that did little to dispel concerns about a slowing PC industry.
* BNY Mellon Corp said that its fourth-quarter profit rose
slightly as investment services fees increased 5 percent amid a
buoyant stock market.
* Canada stock futures traded down 0.03 percent
* U.S. stock futures , , were up around
0.11 percent to 0.34 percent
* European shares, were down
COMMODITY PRICE MOVES
* Thomson Reuters-Jefferies CRB Index : 278.9367;
fell 0.03 percent
* Gold futures : $1,239.7; fell 0.02 percent
* US crude : $94.64; rose 0.73 percent
* Brent crude : $106.31; rose 0.53 percent
* LME 3-month copper : $7,357; rose 0.64 percent
CANADIAN STOCKS TO WATCH
* Bombardier Inc : The company said a group led by
its rail technology unit has signed a $4.1 billion contract with
the Australian state of Queensland.
* Dollarama Inc : The dollar-store operator said
December sales were hurt by severe winter weather and power
* Saputo Inc : The company said on Friday its
shareholding in Australia's Warrnambool Cheese and Butter
Factory Holdings Co has jumped to 46.17 percent, putting it
close to majority control.
Following is a summary of research actions on Canadian
companies reported by Reuters.
* Alamos Gold Inc : CIBC cuts target price to C$15
from C$17 citing the company's reduced fourth-quarter production
* Oryx Petroleum Corporation Ltd : RBC raises to
outperform from sector perform with target price to C$18 from
C$17, given the company's regional exposure in Kurdistan,
exploration-led strategy and financing requirements
* Saputo Inc : CIBC raises target price to C$53 from
C$50, says acquisition of Warrnambool Cheese and Butter Factory
Holdings Co has strong strategic merits, and would give the
company a platform to grow its exports to Asia
* Sierra Wireless Inc : Jefferies raises target to $20
from $16.75, believes management will be more focused on cost
controls, likes the improved operating model and stability of
ON THE CALENDAR
* No major Canadian economic data scheduled for release
* Major U.S. events and data includes housing starts,
building permits, industrial production and University of
Michigan sentiment index