March 24 (Reuters) - Stock futures pointed to a higher opening for Canada’s main stock index on Tuesday as a weaker U.S. dollar supported commodity prices.
June futures on the S&P TSX index were up 0.21 percent at 7:15 a.m. ET.
No major economic events are scheduled.
Canada’s main stock index posted a small gain on Monday, helped by strength in natural resource shares as they benefited from higher commodity prices.
Dow Jones Industrial Average e-mini futures were up 0.21 percent at 7:15 a.m. ET, S&P 500 e-mini futures were up 0.16 percent and Nasdaq 100 e-mini futures were up 0.17 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)
Diversified Canadian miner Sherritt International said on Monday a strike by employees at its Ambatovy nickel mine in Madagascar had forced the company to curb output there.
COMMODITIES AT 7:15 a.m. ET
Gold futures : $1,193; +0.4 pct
US crude : $47.67; +0.5 pct
Brent crude : $56.21; +0.5 pct
LME 3-month copper : $6,125; +0.1 pct
ANALYST RESEARCH HIGHLIGHTS
AGT Food and Ingredients : CIBC raises price target to C$33 from C$32
Iamgold Corp : Roth Capital raises target price to $3.75 from $3.50
Ivanhoe : Morgan Stanley cuts rating to “equal weight” from “overweight”
U.S. ECONOMIC DATA DUE ON TUESDAY
0830 CPI mm, SA for Feb: Expected +0.2 pct; Prior -0.7 pct
0830 CPI yy, NSA for Feb: Expected -0.1 pct; Prior -0.1 pct
0830 Core CPI mm, SA for Feb: Expected +0.1 pct; Prior +0.2 pct
0830 Core CPI yy, NSA for Feb: Expected +1.6 pct; Prior +1.6 pct
0830 CPI Index, NSA for Feb: Expected +234.6; Prior +233.71
0830 Core CPI Index, SA for Feb: Prior +239.87
0830 Real weekly earnings mm for Feb: Prior +1.2 pct
0855 Redbook mm: Prior +1.0 pct
0855 Redbook yy: Prior +2.7 pct
0900 Monthly home price mm for Jan: Prior +0.8 pct
0900 Monthly home price yy for Jan: Prior +5.4 pct
0945 Markit mfg PMI flash for Mar: Expected +54.7; Prior +55.1
1000 New home sales-units mm for Feb: Expected +0.465 mln; Prior +0.481 mln
1000 New home sales change mm for Feb: Prior -0.2 pct
1000 Rich fed mfg shipments for Mar: Prior -1.0
1130 Cleveland fed CPI for Feb: Prior +0.2 pct
0900 Monthly Home Price Index for Jan: Prior +218.6
1000 Rich Fed Composite Index for Mar: Prior +0.0
1000 Rich Fed, Services Index for Mar: Prior +18.0
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$1.25 Reporting by Nandi Kaul in Bengaluru; Editing by Maju Samuel
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