May 4, 2018 / 11:28 AM / 3 months ago

CANADA STOCKS-TSX futures slightly lower ahead of U.S. jobs report

May 4 (Reuters) - Futures for Canada’s main stock index edged lower on Friday, tracking gold prices and ahead of the closely watched U.S. jobs data.

U.S. job growth likely accelerated in April after a weather-related slowdown in the previous month, with the unemployment rate expected to drop to near a 17-1/2-year low of 4.0 percent.

June futures on the S&P TSX index were down 0.05 percent at 7:15 a.m. ET.

The Toronto Stock Exchange’s S&P/TSX fell 6.46 points, or 0.04 percent, on Thursday, to 15621.47.

Dow Jones Industrial Average e-mini futures were down 0.19 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.22 percent and Nasdaq 100 e-mini futures were down 0.23 percent.

(Morning News Call newsletter here ; The Day Ahead newsletter here)

TOP STORIES

Canadian pipeline operator Enbridge Inc has agreed to pay $1.86 million in penalties for an alleged failure in inspecting certain lines within its Lakehead pipeline system.

ANALYST RESEARCH HIGHLIGHTS

Baytex Energy Corp: RBC raises target price to C$6 from C$5

Imperial Oil Ltd: National Bank of Canada raises target price to C$40 from C$38

Manulife Financial Corp: CIBC raises rating to outperformer from neutral

COMMODITIES AT 7:15 a.m. ET

Gold futures: $1311; -0.13 percent

US crude: $68.77; +0.5 percent

Brent crude: $73.99; +0.5 percent

LME 3-month copper: $6827.5; +0.01 percent

U.S. ECONOMIC DATA DUE ON FRIDAY

0830 Non-farm payrolls for Apr: Expected 192,000; Prior 103,000

0830 Private payrolls for Apr: Expected 194,000; Prior 102,000

0830 Manufacturing payrolls for Apr: Expected 20,000; Prior 22,000

0830 Government payrolls for Apr: Prior 1,000

0830 Unemployment rate for Apr: Expected 4.0 pct; Prior 4.1 pct

0830 Average earnings mm for Apr: Expected 0.2 pct; Prior 0.3 pct

0830 Average earnings yy for Apr: Expected 2.7 pct; Prior 2.7 pct

0830 Average workweek hours for Apr: Expected 34.5 hr; Prior 34.5 hr

0830 Labor force participation for Apr: Prior 62.9 pct0830 U6 Underemployment for Apr: Prior 8.0 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$1.29) (Reporting by Nayyar Rasheed in Bengaluru; Editing by Anil D’Silva)

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