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CANADA STOCKS-TSX futures rise on recovery hopes as lockdowns ease

May 26 (Reuters) - Canada’s main stock index futures rose on Tuesday as hopes of economic recovery following an easing of lockdowns by several countries led investors to overlook the Sino-U.S. tensions.

June futures on the S&P/TSX index were up 0.34% at 7:00 a.m. ET.

The Toronto Stock Exchange’s S&P/TSX composite index closed up 1.1% at 15,075.42 on Monday.

Dow Jones Industrial Average e-mini futures were up 1.95% at 7:00 a.m. ET, while S&P 500 e-mini futures were up 1.79% and Nasdaq 100 e-mini futures were up 1.66%.

TOP STORIES

Bank of Nova Scotia reported quarterly profit that beat analysts’ estimates due to a strong performance in the capital markets business, but the bank’s loan loss provisions jumped two-fold.

ANALYST RESEARCH HIGHLIGHTS

CAE Inc : Scotiabank raises target price to C$24 from C$22

COMMODITIES AT 7:00 a.m. ET

Gold futures: $1,725.3; -0.6%

US crude: $34.06; +2.44%

Brent crude: $36.04; +1.52%

U.S. ECONOMIC DATA DUE ON TUESDAY

0800 (approx.) Building permits R number for April: Prior 1.074 mln

0800 (approx.) Building permits R change mm for April: Prior -20.8%

0830 National Activity Index for April: Prior -4.19

0900 (approx.) Monthly home price mm for March: Prior 0.7%

0900 (approx.) Monthly home price yy for March: Prior 5.7%

0900 (approx.) Monthly Home Price Index for March: Prior 287.0

0900 Caseshiller 20 mm SA for March: Expected 0.2%; Prior 0.4%

0900 Caseshiller 20 mm NSA for March: Prior 0.5%

0900 Caseshiller 20 yy for March: Expected 3.3%; Prior 3.5%

1000 (approx.) Consumer Confidence for May: Expected 88.0; Prior 86.9

1000 New home sales units for April: Expected 0.490 mln; Prior 0.627 mln

1000 New home sales change mm for April: Expected -21.9%; Prior -15.4%

1030 (approx.) Dallas Fed Manufacturing Business Index for May: Prior -73.70

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$1.39 Reporting by Priyanka Das in Bengaluru; Editing by Arun Koyyur

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