April 7 (Reuters) - Canadian stock futures inched lower on Thursday as commodity prices fell on concerns over demand.
June futures on the S&P TSX index were down 0.24 percent at 7:30 a.m. ET.
Monthly building permits data is due at 8:30 a.m. ET
Canada’s main stock index rose on Wednesday, led by energy stocks as oil prices rallied and helped by a sharp rise in the shares of drugmaker Valeant.
Dow Jones Industrial Average e-mini futures were down 0.38 percent at 7:30 a.m. ET, while S&P 500 e-mini futures were down 0.41 percent and Nasdaq 100 e-mini futures were down 0.37 percent.
COMMODITIES AT 7:30 a.m. ET
Gold futures : $1,238; +1.27 pct
US crude : $37.86; +0.24 pct
Brent crude : $39.99; +0.35 pct
LME 3-month copper : $4701; -1.77 pct
ANALYST RESEARCH HIGHLIGHTS
Rogers Communications Inc : NBF raises to outperform from sector perform
Telus Corp : National Bank Financial cuts to sector perform from outperform
Domtar Corp : Davidson raises price target to $42; rating neutral
U.S. ECONOMIC DATA DUE ON THURSDAY
0830 Initial jobless claims: Expected 270,000; Prior 276,000
0830 Jobless claims 4- week average: Prior 263,250
0830 Continued jobless claims: Expected 2.173 mln; Prior 2.173 mln
1500 Consumer credit for Feb: Expected 14.74 bln; Prior 10.54 bln
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 = C$1.31) (Reporting by Anjali James in Bengaluru; Editing by Anil D’Silva)
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