April 25 - Stock futures indicated a lower opening for
Canada's main stock index on Friday as escalating tensions in
Ukraine sapped appetite for risk.
June futures on the S&P TSX index <0#SXF:> were down 0.22
percent at 0715 ET.
No major Canadian economic events are scheduled.
The Toronto Stock Exchange's S&P/TSX composite index
rose slightly on Thursday, helped by a gain in shares
of Potash Corp after the company's results beat low
expectations and by small increases in heavyweight banking
Dow Jones Industrial Average futures were down 0.20
percent at 0715 ET, while S&P 500 futures were down 0.28
percent and Nasdaq 100 futures were down 0.37 percent.
(Morning News Call newsletter link.reuters.com/nex49s;
The Day Ahead newsletter link.reuters.com/mex49s)
Bank of Canada Governor Stephen Poloz is more hopeful than
before about an export recovery but is not straying from his
mantra that an interest rate cut is just as possible as a hike
because the economic outlook is so uncertain.
Barrick Gold founder and outgoing chairman, Peter
Munk, criticized potential takeover target Newmont Mining
in an interview with the National Post newspaper, saying
the U.S. miner is "not shareholder-friendly."
Canadian business software maker Open Text Corp
posted a higher third-quarter profit, helped by an
increase in license and customer services revenues.
COMMODITIES AT 0715 ET
Gold futures : $1,295; +0.26 pct
US crude : $101.47; -0.46 pct
Brent crude : $109.96; -0.34 pct
LME 3-month copper : $6,739.5; -0.2 pct
ANALYST RESEARCH HIGHLIGHTS
Canaccord Genuity : RBC raises price target to C$12
Catamaran Corp : CIBC raises to sector outperformer
from sector performer
IMAX Corp : Benchmark cuts target price to
$25.73 from $26.27; rating hold
U.S. ECONOMIC DATA DUE ON FRIDAY
09:45 Markit Svcs PMI Final for April: Prior 55.3
09:45 Markit Comp Flash PMI for April: Prior 55.80
09:55 Univ Mich Sentiment Final for April: Expected 83.0
09:55 Univ Mich Conditions Final for April: Expected 97.2
09:55 Univ Mich Expectations Fin for April: Expected 73.7
09:55 Univ Mich 1Yr Inflation Fin April: Prior 3.1 pct
09:55 Univ Mich 5-Yr Inflation for April: Prior 3.0 pct
10:30 ECRI Weekly Index: Prior 134.8
10:30 ECRI Weekly Annualized : Prior 3.8 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 Nikhil Kumar in Bangalore)