Dec 13 (Reuters) - Stock futures pointed to a lower opening for Canada’s main stock index on Thursday as oil prices fell, under pressure from high global inventories and a smaller-than-expected drawdown in U.S. crude stockpiles.
December futures on the S&P/TSX index were down 0.17 percent at 7:00 a.m. ET.
Canada’s new home prices data is due at 8:30 a.m. ET
The Toronto Stock Exchange’s S&P/TSX rose 115.23 points, or 0.79 percent, to 14,783.06 on Wednesday.
Dow Jones Industrial Average e-mini futures were down 0.18 percent at 7:00 a.m. ET, while S&P 500 e-mini futures were down 0.09 percent and Nasdaq 100 e-mini futures were up 0.08 percent.
Barrick Gold Corp has made progress in talks with the Tanzanian government to resolve a nearly 2-year-long tax dispute, but it is premature to say a deal has been reached, a person familiar in the matter told Reuters on Wednesday.
ANALYST RESEARCH HIGHLIGHTS
Acadian Timber Corp: CIBC cuts price target to C$17 from C$20
Hudbay Minerals Inc: RBC cuts rating to “sector perform” from “outperform”
COMMODITIES AT 7:00 a.m. ET
Gold futures: $1242; -0.33 percent
US crude: $50.53; -1.21 percent
Brent crude: $59.53; -1.03 percent
U.S. ECONOMIC DATA DUE ON THURSDAY
0830 Import prices mm for Nov: Expected -0.9 pct; Prior 0.5 pct
0830 Export prices mm for Nov: Expected -0.1 pct; Prior 0.4 pct
0830 Initial jobless claims: Expected 225,000; Prior 231,000
0830 Jobless claims 4-week average: Prior 228,000
0830 Continued jobless claims: Expected 1.650 mln; Prior 1.631 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$1.34 Reporting by Nayyar Rasheed in Bengaluru; Editing by Maju Samuel
Our Standards: The Thomson Reuters Trust Principles.