Aug 22 (Reuters) - Canada’s main stock index futures were trading slightly higher on Tuesday as oil prices rose, buoyed by indications that supply may be tightening gradually, especially in the United States.
September futures on the S&P TSX index were up 0.06 percent at 7:15 a.m. ET.
Retail sales data is due at 08:30 a.m. ET.
Canada’s main stock index ended flat on Monday as sharp gains for several base metal miners and a major bank offset losses for heavyweight energy stocks as crude oil prices turned sharply lower.
Dow Jones Industrial Average e-mini futures were up 0.17 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.15 percent and Nasdaq 100 e-mini futures were up 0.38 percent.
Magna International has won approval to build a factory in western Hungary which could result in the Canadian car parts maker choosing Hungary over Slovenia for its new paint facility, Radio Slovenia reported.
Canadians took on more consumer debt in the second quarter and average mortgage loan balances also increased, but delinquency rates fell, credit report provider TransUnion said.
ANALYST RESEARCH HIGHLIGHTS
Transat At Inc : TD Securities raises target price to C$11 from C$10
Canadian Imperial Bank Of Commerce: KBW raises target price to C$116 from C$115
COMMODITIES AT 7:15 a.m. ET
Gold futures: $1283.2; -0.59 percent
US crude: $47.39; +0.04 percent
Brent crude: $51.64; -0.04 percent
LME 3-month copper: $6615.5; +0.45 percent
U.S. ECONOMIC DATA DUE ON TUESDAY
0900 Monthly home price mm for June: Prior 0.4 pct
0900 Monthly home price yy for June: Prior 6.9 pct
0900 Monthly Home Price Index for June: Prior 249.2
1000 Rich Fed composite Index for Aug: Prior 14
1000 Rich Fed, Services Index for Aug: Prior 12
1000 Rich Fed Manufacturing Shipments for Aug: Prior 13
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$1.26) (Reporting by Pathikrit Bandyopadhyay in Bengaluru; Editing by Saumyadeb Chakrabarty)
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