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.
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 138,000
0830 Private payrolls for Jun: Expected 172,000; Prior 147,000
0830 Manufacturing payrolls for Jun: Expected 5,000; Prior -1,000
0830 Government payrolls for Jun: Prior -9000
0830 Unemployment rate for Jun: Expected 4.3 pct; Prior 4.3 pct
0830 Average earnings mm for Jun: Expected 0.3 pct; Prior 0.2 pct
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 ($1= C$1.30) (Reporting by Riniki Sanyal in Bengaluru)
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