August 24, 2018 / 11:34 AM / a month ago

CANADA STOCKS-Futures gain on higher oil prices

Aug 24 (Reuters) - Futures pointed to a higher opening for Canada’s main stock index on Friday as oil prices rose, supported by signs that U.S. sanctions on Iran are reducing golabl crude supply.

September futures on the S&P/TSX index were up 0.41 percent at 7:15 a.m. ET.

The Toronto Stock Exchange’s S&P/TSX closed down on Thursday.

Dow Jones Industrial Average e-mini futures were up 0.24 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.23 percent and Nasdaq 100 e-mini futures were up 0.28 percent.

TOP STORIES

Enbridge Inc said it would buy its U.S. master limited partnership Spectra Energy Partners for a sweetened $3.3 billion deal.

An Air Canada Boeing 777 made a safe emergency landing with no injuries at Tokyo’s Haneda airport after reporting engine trouble, a Japanese transport ministry official said.

ANALYST RESEARCH HIGHLIGHTS

Canadian Imperial Bank Of Commerce: bmo raises price target to C$135 from C$130 Baytex Energy Corp : CIBC raises to outperform from neutral

Just Energy Group Inc : RBC cuts target price to C$5 from C$6

COMMODITIES AT 7:15 a.m. ET

Gold futures: $1199; rose 0.42 percent

US crude: $68.65; rose 1.21 percent

Brent crude: $75.6; rose 1.16 percent

LME 3-month copper: $6043.5; rose 0.95 percent

U.S. ECONOMIC DATA DUE ON FRIDAY

0830 Durable goods for July: Expected -0.5 pct; Prior 0.8 pct

0830 Durables ex-transport for July: Expected 0.5 pct; Prior 0.2 pct

0830 Durables ex-defense mm for July: Expected 0.8 pct; Prior 1.3 pct

0830 Nondefense capital ex-air for July: Expected 0.4 pct; Prior 0.2 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=C$1.31 1 Canadian dollar = $0.7660 Reporting by Swathi Nair in Bengaluru

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