Dec 19 (Reuters) - Stock futures pointed to a higher start for Canada’s main stock index on Friday ahead of the release of inflation data.
December futures on the S&P TSX index were up 0.24 percent at 7.15 a.m. ET.
Data on consumer price inflation in November and retail sales in October is due at 8.30 a.m. ET
Canada’s main stock index rose on Thursday, with energy stocks bucking weak oil prices as investors returned to riskier assets after an upbeat assessment of the U.S. economy by the Federal Reserve.
Dow Jones Industrial Average e-mini futures were up 0.39 percent at 7.15 a.m. ET, while S&P 500 e-mini futures were up 0.22 percent and Nasdaq 100 e-mini futures were up 0.46 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)
BlackBerry Ltd said it had completed its acquisition of Secusmart, a privately held firm specializing in voice and data encryption.
Barrick Gold Corp said on Thursday that it would suspend operations at its Lumwana copper mine in Zambia following the passage of legislation that raises the royalty rate on open-pit mining operations in the country to 20 percent from 6 percent.
COMMODITIES AT 7.15 a.m. ET
Gold futures : $1,196.50; +0.15 pct
US crude : $54.97; +1.59 pct
Brent crude : $60.20; +1.57 pct
LME 3-month copper : $6,427.25; +1.78 pct
ANALYST RESEARCH HIGHLIGHTS
Barrick Gold Corp : Canaccord Genuity cuts to “sell” from “hold”
Canadian Pacific Railway Ltd : BMO cuts target to C$250 from C$260
U.S. ECONOMIC DATA DUE ON FRIDAY
1030 ECRI Weekly Index: Prior 132.3
1030 ECRI Weekly Annualized: Prior -2.3 pct
1100 KC Fed Manufacturing for Dec: Expected 5: Prior 9
1100 KC Fed Composite Index for Dec: Prior 7
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$1.16) (Reporting by Abhinav Kaul in Bengaluru; Editing by Kirti Pandey)
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