CANADA STOCKS-Futures trade lower ahead of jobs report

Fri May 6, 2016 7:30am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

May 6 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Friday as investors awaited the U.S. April payrolls report for more clues about the interest rate outlook in the world's largest economy.

Nonfarm payrolls probably increased by 202,000 last month in the U.S. Labor Department's data due for publication, after growing by 215,000 in March, according to a Reuters survey of economists.

Statistics Canada is also scheduled to report employment data for April at 8:30 a.m. ET. Jobs growth is expected to be flat after the economy created 40,600 jobs in March. The April unemployment rate, however, is expected to have slightly increased to 7.2 percent from 7.1 in March.

The Ivey Purchasing Managers Index is due at 10:00 a.m. ET .

June futures on the S&P TSX index were down 0.13 percent at 7:15 a.m. ET.

Canada's main stock index ended nearly unchanged on Thursday as gains for gold stocks offset losses for financials, while investors grappled with impact of a massive wildfire that has shut some production in the country's oil sands region.

Dow Jones Industrial Average e-mini futures were down 0.20 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.23 percent and Nasdaq 100 e-mini futures were down 0.22 percent.

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

  Continued...