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CANADA STOCKS-TSX futures indicate higher start, inflation data eyed
May 23, 2014 / 11:22 AM / 3 years ago

CANADA STOCKS-TSX futures indicate higher start, inflation data eyed

May 23 (Reuters) - Canadian stocks looked set to extend previous sessions’ gains on Friday, ahead of the much awaited inflation data, with June futures on the S&P TSX index <0#SXF:> up 0.06 percent at 0715 ET.

Inflation figures for April are due for release at 0830 ET.

The index advanced for a third straight session on Thursday as shares of Royal Bank of Canada and Toronto Dominion Bank climbed after both companies reported results.

Dow Jones Industrial Average futures were up 0.08 percent at 0715 ET, while S&P 500 futures were up 0.12 percent and Nasdaq 100 futures were up 0.16 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)

TOP STORIES

Augusta Resource Corp, the target of a hostile takeover bid by HudBay Minerals Inc, warned on Thursday of another delay in getting a permitting decision on whether it can develop its Rosemont copper project in Arizona.

COMMODITIES AT 0715 ET

Gold futures : $1,293.2; -0.13 pct

US crude : $103.86; +0.12 pct

Brent crude : $110.40; +0.04 pct

LME 3-month copper : $6,923.00; -0.7 pct

ANALYST RESEARCH HIGHLIGHTS

AutoCanada : Canaccord Genuity raises target price to C$82 from C$79; rating buy

Royal Bank of Canada : National Bank Financial, CIBC, Canaccord Genuity raise target price

TD Bank : Barclays, Canaccord Genuity, CIBC raise target price on the stock

U.S. ECONOMIC DATA DUE ON FRIDAY

1000 New home sales-units mm for April: Expected +0.425 mln prior +0.384 mln

1000 New home sales change mm for April: Prior -14.5 pct

1030 ECRI Weekly Index: Prior +136.4

1030 ECRI Weekly Annualised: Prior +4.9 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; Editing by Savio D'Souza

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