August 24 (Reuters) - Stock futures indicated a higher opening for Canada’s main stock index on Wednesday, a day after the index hit a one-week high.
September futures on the S&P TSX index were up 0.10 percent at 7:15 a.m. ET.
The Toronto Stock Exchange’s S&P/TSX composite index edged up to a one-week high on Tuesday as better-than-expected earnings for Bank of Montreal supported bank stocks, offsetting losses for the materials group.
Dow Jones Industrial Average e-mini futures were up 0.01 percent at 7:15 a.m. ET. S&P 500 e-mini futures were up 0.03 percent and Nasdaq 100 e-mini futures were up 0.04 percent.
Royal Bank of Canada on Wednesday reported third-quarter results that beat market expectations, with funds set aside to cover bad loans falling thanks to higher oil prices.
ANALYST RESEARCH HIGHLIGHTS
Alimentation Couche-Tard Inc : Barclays raises to “overweight” from “equal weight”
Bank of Montreal : CIBC raises target price to C$88 from C$85; “sector performer”
Alterra Power : National Bank Financial ups target to C$0.80 from C$0.75; “outperform”
COMMODITIES AT 7:15 a.m. ET
Gold futures : $1335; -0.42 percent
US crude : $47.3; -1.66 percent
Brent crude : $49.5; -0.92 percent
LME 3-month copper : $4680.5; -0.63 percent
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0900 Monthly home price mm for June: Prior 0.2 pct
0900 Monthly home price yy for June: Prior 5.6 pct
0900 Monthly Home Price Index for June: Prior 234.3
1000 Existing home sales for July: Expected 5.51 mln; Prior 5.57 mln
1000 Existing home sales percentage change for July: Expected -0.4 pct; Prior 1.1 pct
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$1 = C$1.29 Reporting by Sai Sharanya Khosla in Bengaluru; Editing by Sriraj Kalluvila
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