May 11 (Reuters) - Canada’s main stock index futures edged higher on Friday, helped by strong commodity prices on the back of a weaker U.S. dollar.
June futures on the S&P TSX index were up 0.19 percent at 7:45 a.m. ET.
Employment change data for April is due at 8:30 a.m. ET
The Toronto Stock Exchange’s S&P/TSX rose 48.69 points, or 0.31 percent, to 15,959.50.
Dow Jones Industrial Average e-mini futures were up 0.23 percent at 7:45 a.m. ET, while S&P 500 e-mini futures were up 0.21 percent and Nasdaq 100 e-mini futures were up 0.16 percent.
Thomson Reuters Corp on Friday reported slightly higher-than-expected first-quarter sales and earnings, and forecast low single-digit growth in 2018 revenue in its remaining business.
Canada’s central bank, Toronto Stock Exchange operator TMX Group, and non-profit organization Payments Canada said on Friday that tests had shown blockchain technology can be used for automating instantaneous securities settlements.
ANALYST RESEARCH HIGHLIGHTS
Finning International Inc: Canaccord Genuity raises price target to C$38 from C$37
Telus Corp: Canaccord Genuity cuts price target to C$48 from C$49
WSP Global Inc: Canaccord Genuity raises price target to C$67 from C$62
COMMODITIES AT 7:45 a.m. ET
Gold futures: $1,325.3; +0.23 pct
U.S. crude: $71.43; +0.1 pct
Brent crude: $77.35; -0.15 pct
LME 3-month copper: $6,907; -0.14 pct
U.S. ECONOMIC DATA DUE ON FRIDAY
0830 Import prices mm for Apr: Expected 0.5 pct; Prior 0.0 pct
0830 Export prices mm for Apr: Expected 0.3 pct; Prior 0.3 pct
1000 U Mich Sentiment Preliminary for May: Expected 98.5; Prior 98.8
1000 U Mich Conditions Preliminary for May: Expected 115.7; Prior 114.9
1000 U Mich Expectations Preliminary for May: Expected 88.0; Prior 88.4
1000 U Mich 1 year inflation preliminary for May: Prior 2.7 pct
1000 U Mich 5-year inflation preliminary for May: Prior 2.5 pct
1030 ECRI Weekly Index: Prior 150.0
1030 ECRI weekly annualized: Prior 4.1 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$1.27) (Reporting by Nandi Kaul in Bengaluru; Editing by Maju Samuel)
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