CANADA STOCKS-Futures indicate higher open after jobs data

Fri Jun 6, 2014 8:57am EDT
 
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(Adds U.S. and Canadian economic data)

June 6 (Reuters) - Canadian stocks looked set to open higher on Friday after U.S. and Canadian jobs data, with June futures on the S&P TSX index <0#SXF:> up 0.23 percent at 0845 ET.

The Canadian economy created a net 25,800 jobs in May - all of them part-time - but shed about 30,000 full-time positions for the second month in a row.

The labor productivity of Canadian businesses unexpectedly dropped by 0.1 percent in the first quarter of 2014, the first decline for 18 months, other data showed.

U.S. employers, meanwhile, maintained a solid pace of hiring during the month, returning employment to its pre-recession level.

The TSX index was little changed on Thursday as a drop in energy and bank shares offset a jump in the gold-mining sector. Gold prices rose after the European Central Bank cut rates to record lows

Dow Jones Industrial Average e-mini futures were up 0.30 percent at 0845 ET, while S&P 500 e-mini futures were up 0.21 percent and Nasdaq 100 e-mini futures were up 0.23 percent.

(Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)   Continued...