September 19, 2019 / 11:30 AM / 2 months ago

CANADA STOCKS-Futures lower after mixed signals from Fed

Sept 19 (Reuters) - Futures for Canada’s main stock index pointed to a lower opening on Thursday, tracking U.S. stock futures, after the U.S. Federal Reserve cut interest rates but set a higher bar for further reductions.

September futures on the S&P/TSX index were down 0.17% at 7:00 a.m. ET.

The Toronto Stock Exchange S&P/TSX composite index fell 0.20% to 16,800.29 on Wednesday.

Dow Jones Industrial Average e-mini futures were down 0.24% at 7:00 a.m. ET, S&P 500 e-mini futures 0.27% and Nasdaq 100 e-mini futures 0.41%.

TOP STORIES

Democratic and Republican U.S. lawmakers on Wednesday cited progress in talks with the Trump administration aimed at ensuring passage of a new U.S.-Mexico-Canada (USMCA) trade agreement, but said more work was needed.

ANALYST RESEARCH HIGHLIGHTS

Cenovus Energy Inc: RBC raises target price to C$17 from C$14

Baylin Technologies Inc: National Bank of Canada cuts price target to C$2.75 from C$6

COMMODITIES AT 7:00 a.m. ET

Gold futures: $1,500.2; -0.59%

US crude: $59.08; +1.67%

Brent crude: $64.92; +2.08%

U.S. ECONOMIC DATA DUE ON THURSDAY

0830 Current account for Q2: Expected -$127.8 bln; Prior -$130.4 bln

0830 Initial jobless claims: Expected 213,000; Prior 204,000

0830 Jobless claims 4-week average: Prior 212,500

0830 Continued jobless claims: Expected 1.672 mln; Prior 1.670 mln

0830 (approx.) Philly Fed Business Index for Sep: Expected 11.0; Prior 16.8

0830 (approx.) Philly Fed 6M Index for Sep: Prior 32.60

0830 (approx.) Philly Fed Capex Index for Sep: Prior 22.60

0830 (approx.) Philly Fed Employment for Sep: Prior 3.60

0830 (approx.) Philly Fed Prices Paid for Sep: Prior 12.80

0830 (approx.) Philly Fed New Orders for Sep: Prior 25.80

1000 Existing home sales for Aug: Expected 5.37 mln; Prior 5.42 mln

1000 Existing home sales percentage change for Aug: Expected -0.4%; Prior 2.5%

1000 (approx.) Leading index change mm for Aug: Expected 0.1%; Prior 0.5%

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 Samrhitha Arunasalam in Bengaluru; Editing by Shinjini Ganguli)

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