June 22 (Reuters) - Stock futures pointed to a higher opening for Canada’s main stock index on Thursday as oil prices recovered from multi-month lows after data showed U.S. crude and gasoline stockpiles fell.
September futures on the S&P TSX index were up 0.2 percent at 7:15 a.m. ET.
Retail sales data for April is due at 8:30 a.m. ET.
Canada’s benchmark stock index edged lower on Wednesday as a slump in oil prices pressured energy and financial shares, offsetting a rally in gold stocks as the U.S. dollar fell.
Dow Jones Industrial Average e-mini futures were down 0.05 percent at 7:15 a.m. ET. S&P 500 e-mini futures were down 0.07 percent and Nasdaq 100 e-mini futures were down 0.06 percent.
Home Capital Group Inc said billionaire Warren Buffett’s Berkshire Hathaway Inc will provide a new C$2 billion line of credit to its unit Home Trust Co, ending the Canadian lender’s strategic review process.
ANALYST RESEARCH HIGHLIGHTS
First Quantum Minerals Ltd: Deutsche Bank cuts target price to C$18 from C$22
Loblaw Companies Ltd: Desjardins cuts target price to C$81 from C$85
Empire Company Ltd: Eight Capital raises price target to C$20 from C$19
COMMODITIES AT 7:15 a.m. ET
Gold futures: $1,251.2; +0.43 pct
US crude: $42.73; +0.47 pct
Brent crude: $45.33; +0.62 pct
LME 3-month copper: $5,759.00; +0.28 pct
U.S. ECONOMIC DATA DUE ON THURSDAY
0830 Initial jobless claims: Expected 240,000; Prior 237,000
0830 Jobless claims 4-week average: Prior 243,000
0830 Continued jobless claims: Expected 1.928 mln; Prior 1.935 mln
0900 Monthly home price mm for April: Prior 0.6 pct
0900 Monthly home price yy for April: Prior 6.2 pct
0900 Monthly Home Price Index for April: Prior 246.2
1000 Leading index change mm for May: Expected 0.3 pct; Prior 0.3 pct
1100 KC Fed Manufacturing for June: Prior -1
1100 KC Fed Composite Index for June: Prior 8
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$1.33) (Reporting by Benny Thomas in Bengaluru; Editing by Saumyadeb Chakrabarty)
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