Aug 18 (Reuters) - Canada’s main stock index futures were lower on Friday ahead of inflation data, which is expected to have edged up to 1.2 percent in July on an annualized basis.
Economists will look for any sign of stabilization in the inflation data, due at 8:30 a.m. ET, to gauge how soon the central bank may raise interest rates again.
September futures on the S&P TSX index were down 0.14 percent at 7:15 a.m. ET.
Canada’s main stock index retreated on Thursday for a third straight day as U.S. political worries weighed on sentiment and a pullback in some base-metal prices drove down the materials group.
Dow Jones Industrial Average e-mini futures were down 0.08 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.03 percent and Nasdaq 100 e-mini futures were up 0.24 percent.
Swedish prosecutors said they would charge an employee of Canadian aircraft and train maker Bombardier on suspicion that he and several others at the company had bribed an Azerbaijani official to secure a contract worth around $340 million.
Canada’s TMX Group Ltd is seeking guidance from the country’s securities regulators, it said on Thursday, as it weighs how to deal with marijuana companies listed in Canada with interests in the United States, where the business remains federally illegal.
ANALYST RESEARCH HIGHLIGHTS
Teranga Gold Corp: RBC raises rating to “outperform” from “sector perform”
COMMODITIES AT 7:15 a.m. ET
Gold futures: $1294.4; +0.62 percent
US crude: $47.15; +0.13 percent
Brent crude: $51.04; +0.02 percent
LME 3-month copper: $6493; +0.05 percent
U.S. ECONOMIC DATA DUE ON FRIDAY
1000 U Mich Sentiment Preliminary for Aug: Expected 94.0; Prior 93.4
1000 U Mich Conditions Preliminary for Aug: Expected 113.3; Prior 113.4
1000 U Mich Expectations Preliminary for Aug: Expected 81.0; Prior 80.5
1000 U Mich 1 year inflation preliminary for Aug: Prior 2.6 pct
1000 U Mich 5-year inflation preliminary for Aug: Prior 2.6 pct
1030 ECRI Weekly Index: Prior 144.3
1030 ECRI weekly annualized: Prior 2.7 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 Nishit Kunal in Bengaluru; Editing by Sriraj Kalluvila)
Our Standards: The Thomson Reuters Trust Principles.