June 4 (Reuters) - Futures pointed to a lower opening for Canada’s main stock index on Thursday after global markets slipped due to a jump in the euro and a spike in bond yields.
June futures on the S&P TSX index were down 0.69 percent at 7:20 a.m. ET.
Ivey Purchasing Managers Index is scheduled to be released at 10:00 a.m. ET.
The Toronto Stock Exchange’s S&P/TSX composite index closed higher on Wednesday as gains in the financial sector helped offset weakness in the energy industry.
Dow Jones Industrial Average e-mini futures were down 0.57 percent at 7:20 a.m. ET, while S&P 500 e-mini futures were down 0.64 percent and Nasdaq 100 e-mini futures were down 0.88 percent.
The world’s top 40 mining firms cut costs by a combined 5 percent and capital spending by 20 percent last year as they grappled with a plunge in prices that drove their market value to a 10-year low, auditing firm PricewaterhouseCoopers’ annual survey showed.
Striking union workers at a joint BP Plc and Husky Energy refinery in Toledo, Ohio ratified a new contract on Wednesday and are due to return to work on Monday, four months after walking off their jobs, a refinery official said.
Engineering and construction company SNC-Lavalin Group Inc said on Wednesday it is not for sale after a newspaper report citing unnamed sources said it had been “informally” approached by two possible buyers.
COMMODITIES AT 7:20 a.m. ET
Gold futures : $1,182.60; -0.16 pct
US crude : $59.66; +0.02 pct
Brent crude : $63.80; +0.03 pct
LME 3-month copper : $5,952.50; -0.97 pct
ANALYST RESEARCH HIGHLIGHTS
Air Canada : CIBC raises price target to C$18.50 from C$17.50, rating “sector outperformer”
Brookfield Renewable Energy Partners : CIBC starts with coverage with “sector outperformer” rating
Laurentian Bank of Canada : Barclays raises target price to C$49 from C$48, rating “underweight”
U.S. ECONOMIC DATA DUE ON THURSDAY
0830 Initial jobless claims: Expected 279,000; Prior 282,000
0830 Jobless claims 4-week average: Prior 271,500
0830 Continued jobless claims: Expected 2.208 mln; Prior 2.222 mln
0830 Labor costs revised for Q1: Expected 5.9 pct; Prior 5.0 pct
0830 Productivity revised for Q1: Expected -2.9 pct; Prior -1.9 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$1.24 Reporting by Nikhil Kumar in Bengaluru
Our Standards: The Thomson Reuters Trust Principles.