June 27 Canadian stocks looked set to open lower
on Friday as weak U.S. economic data and concerns about Iraq and
Ukraine dampened investors' risk appetite.
June futures on the S&P TSX index <0#SXF:> were down 0.09
percent at 0715 ET.
The index closed modestly higher on Thursday, reversing
earlier weakness on the back of higher energy and financial
shares and a turnaround in mining stocks.
May data for Canadian producer prices is due at 0830 ET.
Dow Jones Industrial Average e-mini futures were
down 0.14 percent at 0715 ET, while S&P 500 e-mini futures
were down 0.22 percent. Nasdaq 100 e-mini futures
were down 0.14 percent.
(Morning News Call newsletter link.reuters.com/nex49s;
The Day Ahead newsletter link.reuters.com/mex49s)
Encana Corp, Canada's largest natural gas producer,
said it would sell its Bighorn gas properties in Alberta to
Apollo Global Management LLC for about C$2 billion.
Canadian stocks will probably set record highs this year and
next, lifted by strength in the energy sector and an improving
global outlook, a Reuters poll showed on Thursday.
Global mining company Rio Tinto and Russian
fertiliser producer Acron OAO are moving ahead with
the development of the Albany potash prospect in Saskatchewan,
Canada, Acron said.
COMMODITIES AT 0715 ET
Gold futures : $1,317.4; +0.03 pct
US crude : $105.97; +0.12 pct
Brent crude : $113.44; +0.2 pct
LME 3-month copper : $6,954; -0.01 pct
ANALYST RESEARCH HIGHLIGHTS
Shaw Communications : Canaccord Genuity raises to
hold from sell
Empire Company Ltd : CIBC raises to sector
outperformer from sector performer
Fortuna Silver Mines Inc : Raymond James cuts to
outperform from strong buy
Perpetual Energy : CIBC raises to sector
outperformer-spec. from sector performer
U.S. ECONOMIC DATA DUE ON FRIDAY
0955 Univ Mich sentiment final for June: Expected +82.0,
0955 Univ Mich conditions final for June: Expected +96.0,
0955 Univ Mich expectations final for June: Expected +72.8,
0955 Univ Mich 1Yr inf final for June: Prior +3.0 pct
0955 Univ Mich 5-Yr inf final for June: Prior +2.9 pct
1030 ECRI weekly index: Prior +135.4
1030 ECRI weekly annualized: Prior +4.4 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= $1.07 Canadian)
(Reporting by Mononshila Deka in Bangalore; Editing by