CANADA STOCKS-Futures down ahead of trade data

July 6 (Reuters) – Canadian stock futures pointed to a lower
open for Canada’s main stock index on Thursday as investors
awaited trade balance data for May.

Trade deficit for May is expected to have widened to C$53
billion ($41 billion) from C$37 billion in April.

The trade balance and building permits data are due at 8:30
a.m. ET.

September futures on the S&P TSX index were down
0.32 percent at 7:15 a.m. ET.

Canada’s main stock index rebounded from earlier session
losses on Wednesday but gains in heavily weighted sectors
including financials and materials were tempered by a sharp
tumble in energy stocks.

Dow Jones Industrial Average e-mini futures were
down 0.29 percent at 7:15 a.m. ET, while S&P 500 e-mini futures
were down 0.38 percent and Nasdaq 100 e-mini futures
were down 0.72 percent.

(Morning News Call newsletter http://share.thomsonreuters.com/assets/newsletters/Morning_News_Call/MNC_US.pdf
; The Day Ahead newsletter

ANALYST RESEARCH HIGHLIGHTS

Canadian Natural Resources Ltd: Barclays cuts
target price to C$34 from C$50

Canadian Pacific Railway Ltd: CIBC raises price
target to C$222 from C$220

COMMODITIES AT 7:15 a.m. ET

Gold futures: $1,225.1; +0.39 pct

US crude: $45.84; +1.60 pct

Brent crude: $48.52; +1.53 pct

LME 3-month copper: $5,851; +0.17 pct

U.S. ECONOMIC DATA DUE ON THURSDAY

0815 ADP national employment for Jun: Expected 185,000;
Prior 253,000

0830 International trade mm for May: Expected -$46.2 bln;
Prior -$47.6 bln

0830 Goods trade balance (R) for May: Prior -$65.90 bln

0830 Initial jobless claims: Expected 243,000; Prior 244,000

0830 Jobless claims 4-week Average: Prior 242,250

0830 Continued jobless claims: Expected 1.939 mln; Prior
1.948 mln

0945 Markit Comp Final PMI for Jun: Prior 53

0945 Markit Services PMI Final for Jun: Prior 53

1000 ISM N-Manufacturing PMI for Jun: Expected 56.5; Prior
56.9

1000 ISM N-Manufacturing Business Activity for Jun: Expected
60.8; Prior 60.7

1000 ISM N-Manufacturing Employment Index for Jun: Prior
57.8

1000 ISM N-Manufacturing New Orders Index for Jun: Prior
57.7

1000 ISM N-Manufacturing Price Paid Index for Jun: Prior
49.2

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$1.29)
(Reporting by Riniki Sanyal in Bengaluru; Editing by Sriraj
Kalluvila)

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