Oct 6 (Reuters) - Stock futures pointed to a lower opening for Canada’s main stock index on Thursday ahead of Friday’s U.S. non-farm payrolls report, which is likely to raise expectations that the U.S. Federal Reserve could raise interest rates before the end of the year.
December futures on the S&P TSX index were down 0.2 percent at 7:10 a.m. ET.
Building permits for August, due at 8:30 a.m. ET, are expected to have risen 3.0 percent.
Canada’s main stock index rose on Wednesday as higher oil prices boosted energy stocks, while the country’s biggest railway companies and some of its major banks also gained as trade data offered further evidence of a third-quarter economic rebound.
Dow Jones Industrial Average e-mini futures were down 0.19 percent at 7:10 a.m. ET. S&P 500 e-mini futures were down 0.23 percent and Nasdaq 100 e-mini futures were down 0.18 percent.
Britain’s SVG Capital accepted an offer from Goldman Sachs and the Canada Pension Plan Investment Board on Thursday, saying it gave shareholders a better return than a hostile bid from U.S. private equity rival HarbourVest.
ANALYST RESEARCH HIGHLIGHTS
Air Canada : RBC raises to “top pick” from “outperform”
Canadian National Railway : J.P. Morgan raises target price to C$90 from C$87
Timbercreek Financial Corp : TD Securities starts with “buy” rating, C$9 target price
COMMODITIES AT 7:10 a.m. ET
Gold futures : $1,268.2; +0.1 pct
US crude : $49.72; -0.22 pct
Brent crude : $51.82; -0.08 pct
LME 3-month copper : $4,758.00; -0.86 pct
U.S. ECONOMIC DATA DUE ON THURSDAY
0830 Initial jobless claims: Expected 257,000; Prior 254,000
0830 Jobless claims 4-week average: Prior 256,000
0830 Continued jobless claims : Expected 2.090 mln; Prior 2.062 mln
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$1.32) (Reporting by Astha Rawat in Bengaluru; Editing by Maju Samuel)
Our Standards: The Thomson Reuters Trust Principles.