CANADA STOCKS-Futures point higher start ahead of economic data

Fri May 22, 2015 7:31am EDT
 
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May 22 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Friday, ahead of domestic inflation and retail sales data.

Inflation is expected to have cooled to an annual 1 percent rate in April, while the core measure is seen holding at a firmer 2.4 percent.

Retail sales, to be released at the same time, are expected to have increased by a modest 0.3 percent in March.

Inflation and retail sales data is due at 8:30 a.m. ET .

June futures on the S&P TSX index were up 0.34 percent at 7:20 a.m. ET.

The Toronto Stock Exchange's S&P/TSX composite index rebounded on Thursday as financial and energy stocks, bolstered by a rally in oil prices, pushed the TSX to its best performance in more than a week.

Dow Jones Industrial Average e-mini futures were up 0.09 percent at 7:20 a.m. ET, while S&P 500 e-mini futures were up 0.02 percent and Nasdaq 100 e-mini futures were up 0.08 percent.

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