Sept 8 (Reuters) - Canada’s main stock index futures pointed to a lower opening on Friday ahead of jobs data and as investors remained cautious over Hurricane Irma, one of the most powerful storms in a century that drove towards Florida.
September futures on the S&P TSX index were down 0.11 percent at 7:15 a.m. ET.
Employment data for August and capacity utilization data for Q2 are due at 08:30 a.m. ET.
Canada’s main stock index fell on Thursday, pressured by a retreat in energy and financial stocks as investors tracked Hurricane Irma and falling global bond yields.
Dow Jones Industrial Average e-mini futures were down 0.36 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.31 percent and Nasdaq 100 e-mini futures were down 0.26 percent.
Canadian retailer Hudson’s Bay signalled it had no intention of selling German department store chain Kaufhof, after people familiar with the matter said Austrian real estate company Signa Holding was considering a bid.
TransCanada Corp seeks to suspend the application for its Energy East pipeline for 30 days and may abandon the project, the company said on Thursday, weeks after Canada’s National Energy Board announced a tougher review process.
ANALYST RESEARCH HIGHLIGHTS
Dollarama Inc: Desjardins raises target price to C$154 from C$134
Hudson’s Bay Co: RBC raises price target to C$10 from C$9
COMMODITIES AT 7:15 a.m. ET
Gold futures: $1354.3; +0.68 percent
US crude: $48.93; -0.33 percent
Brent crude: $54.7; +0.39 percent
LME 3-month copper: $6797; -1.47 percent
U.S. ECONOMIC DATA DUE ON FRIDAY
1000 Wholesale inventory, revised mm for July: Prior 0.4 pct
1000 Wholesale sales mm for July: Expected 0.4 pct; Prior 0.7 pct
1500 Consumer credit for July: Expected 15.10 bln; Prior 12.40 bln
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$1.21) (Reporting by Pathikrit Bandyopadhyay in Bengaluru; Editing by Maju Samuel)
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