July 7 (Reuters) – Canadian stock futures looked set to open
lower on Friday as oil prices fell after data showed U.S.
production rose last week, coinciding with a year-high rise in
exports from OPEC countries.
September futures on the S&P TSX index were down
0.16 percent at 7:15 a.m. ET.
Data showing employment change is due at 8:30 a.m. ET.
Canada’s benchmark stock index fell on Thursday in a broad
retreat, with Tahoe Resources Inc plunging after its
license to operate in Guatemala was suspended and Toronto
housing data weighing on the financial sector.
Dow Jones Industrial Average e-mini futures were
down 0.03 percent at 7:15 a.m. ET, while S&P 500 e-mini futures
were up 0.02 percent and Nasdaq 100 e-mini futures
were up 0.11 percent.
(Morning News Call newsletter http://share.thomsonreuters.com/assets/newsletters/Morning_News_Call/MNC_US.pdf
; The Day Ahead newsletter
Canadian oil producer Paramount Resources Ltd said
on Thursday that it would buy the Canadian subsidiary of U.S.
oil and gas firm Apache Corp for $459.5 million.
ANALYST RESEARCH HIGHLIGHTS
Barrick Gold Corp: BMO cuts rating to “market
perform” from “outperform”
CCL Industries Inc: Keybanc cuts rating to “sector
weight” from “overweight”
Precision Drilling Corp: Raymond James raises rating
to “strong buy” from “outperform”
COMMODITIES AT 7:15 a.m. ET
Gold futures: $1,220.1; -0.17 pct
US crude: $44.13; -3.08 pct
Brent crude: $46.71; -2.91 pct
LME 3-month copper: $5,829.50; -0.37 pct
U.S. ECONOMIC DATA DUE ON FRIDAY
0830 Non-Farm payrolls for Jun: Expected 179,000; Prior
0830 Private payrolls for Jun: Expected 172,000; Prior
0830 Manufacturing payrolls for Jun: Expected 5,000; Prior
0830 Government payrolls for Jun: Prior -9000
0830 Unemployment rate for Jun: Expected 4.3 pct; Prior 4.3
0830 Average earnings mm for Jun: Expected 0.3 pct; Prior
0830 Average workweek hours for Jun: Expected 34.4 hrs;
Prior 34.4 hrs
0830 Labor force participation for Jun: Prior 62.7 pct
0830 U6 underemployment for Jun: Prior 8.4 pct
1030 ECRI Weekly Index: Prior 143.1
1030 ECRI weekly annualized: Prior 3.0 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
(Reporting by Riniki Sanyal in Bengaluru)