July 23(Reuters) - Canada’s main stock index futures rose on Tuesday, tracking global equities as investors anticipate major central banks to cut interest rates in the near future.
September futures on the S&P/TSX index were up 0.35% at 7:00 a.m. ET.
The Toronto Stock Exchange’s S&P/TSX rose 32.94 points, or 0.20%, to 16,518.88 on Monday.
Dow Jones Industrial Average e-mini futures were up 0.31% at 7:00 a.m. ET, while S&P 500 e-mini futures were up 0.28% and Nasdaq 100 e-mini futures were up 0.37%.
Private equity firm Catalyst Capital Group on Monday offered to buy an estimated C$150 million stake in Hudson’s Bay Co , and said it will oppose Executive Chairman Richard Baker’s C$1.74 billion take-private proposal.
ANALYST RESEARCH HIGHLIGHTS
Altagas Ltd: CIBC raises target price to C$21 from C$20
Fortis Inc: CIBC raises target price to C$55 from C$52
Prairiesky Royalty Ltd: National Bank of Canada raises target price to C$18.5 from C$17.5
COMMODITIES AT 7:00 a.m. ET
Gold futures: $1,420.2; -0.47%
US crude: $55.94; -0.50%
Brent crude: $62.87; -0.62%
U.S. ECONOMIC DATA DUE ON TUESDAY
0900 (approx.) Monthly home price mm for May: Prior 0.4%
0900 (approx.) Monthly home price yy for May: Prior 5.2%
0900 (approx.) Monthly Home Price Index for May: Prior 274.7
1000 Existing home sales for Jun: Expected 5.33 mln; Prior 5.34 mln
1000 Existing home sales percentage change for Jun: Expected -0.2%; Prior 2.5%
1000 Richmond Fed Composite Index for Jul: Prior 3
1000 Richmond Fed, Services Index for Jul: Prior 17
1000 Richmond Fed Manufacturing Shipments for Jul: Prior 7
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$1= C$1.32 Reporting by Priyanka Das in Bengaluru; Editing by Shailesh Kuber
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