May 14 Canadian stocks looked set to open flat to slightly higher on Wednesday with June futures on the S&P TSX index <0#SXF:> up 0.04 percent at 0715 ET.
No major economic events are scheduled for release.
The index advanced on Tuesday as higher oil prices boosted energy producers and strong quarterly results fueled a jump in shares of Encana Corp.
Dow Jones Industrial Average futures were down 0.05 percent at 0715 ET, while S&P 500 futures were down 0.11 percent and Nasdaq 100 futures were down 0.06 percent.
Sears Holdings Corp said it was looking to sell its 51 percent stake in Sears Canada Inc and could even put the whole Canadian department store operator up for sale.
COMMODITIES AT 0715 ET
Gold futures : $1,300.5; +0.46 pct
US crude : $101.98; +0.28 pct
Brent crude : $109.56; +0.29 pct
LME 3-month copper : $6,902.75; +0.84 pct
ANALYST RESEARCH HIGHLIGHTS
Entrec Corp : Canaccord Genuity raises to buy from hold
Inter Pipeline Ltd : CIBC cuts to sector performer from sector outperformer
Parex Resources : Canaccord Genuity, RBC raises target price
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0830 PPI final demand mm for April: Expected +0.2 pct prior 0.5 +pct
0830 Core PPI final demand mm for April: Expected +0.2 pct prior +0.6 pct
08:30 PPI final demand yy for April: Expected +1.7 pct prior +1.4 pct
0830 Core PPI final demand yy for April: Expected +1.4 pct prior +1.4 pct
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= $1.09 Canadian) (Reporting by Mononshila Deka in Bangalore)