September 28, 2010 / 12:39 PM / 8 years ago

CANADA STOCKS-TSX may open slightly higher, U.S. data eyed

 Sept 28 (Reuters) - Toronto’s main stock index looked set to open slightly higher on Tuesday, in line with U.S. equities, with traders focused on key U.S. economic data, including a report on consumer confidence released later in the morning.
 * Canadian equity futures <0#SXF:> pointed to a higher open.
 * U.S. stock index futures edged higher as traders looked ahead to key economic data in another test for the improving recovery theory that has driven stocks sharply higher this month. [.N] ECONUS
 * European shares edged lower, with French tyremaker Michelin (MICP.PA) down after it unveiled a rights issue, although losses were limited on talk the ECB was buying peripheral euro zone government bonds. [.EU]
 * Stocks in Asia were also down with the Nikkei closing lower 1.1 percent as the deadline passed for investors to receive dividends on stocks for the financial first half year.
 * The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.27 percent in early trade.
 * Oil fell to below $76 a barrel ahead of U.S. reports expected to show fuel stockpiles rose in the world’s top oil-consuming nation last week. [O/R]
 * Gold fell as a recovery in the U.S. dollar weighed and as investors took profits after bidding the metal up to a record $1,300 an ounce in the previous session. [GOL/]
 * Copper slipped as the stronger dollar prompted a flurry of profit-taking, but strong fundamentals are expected to underpin prices as the market waits for key data from the manufacturing sector. [MET/L]
 * Research In Motion RIM.TO: The company unveiled a tablet computer “BlackBerry PlayBook” aimed at its core business customers as it tries to gain a foothold in a fast-growing market dominated by Apple’s consumer-friendly iPad. [ID:nN27231916]
 * Enbridge Inc. (ENB.TO): The company resumed pumping crude through its Line 6B pipeline on Monday, nine weeks after it ruptured in Michigan, fouling a river system and cutting oil supplies to U.S. and Canadian refiners. [ID:nN27242332]
 * Intermap Technologies Corp (IMP.TO): The 3D map maker on Tuesday said it further slashed 17 percent of its total workforce to cut costs. [ID:nSGE68R0GS]
 * Guyana Goldfields Inc. (GUY.TO): The junior gold explorer said on Tuesday it received environmental approval for its flagship Aurora Gold project in northern Guyana. [ID:nSGE68R0GD]
 Following is a summary of research actions on Canadian companies reported by Reuters. [RCH/CA]
 * North Peace Energy NPE.V price target raised to C$0.25 from C$0.20; rating market perform at Raymond James
 ($1=$1.03 Canadian)  (Reporting by Bangalore newsroom; Editing by Jeffrey Hodgson)   

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below