Oct 3 Stock futures pointed to a slightly higher
opening for Canada's main stock index on Monday as oil rose to
its highest since August above $50 a barrel, supported by a
planned production cut by OPEC.
December futures on the S&P TSX index were up 0.04
percent at 7:15 a.m. ET.
The Organization of the Petroleum Exporting Countries said
last week it would cut output to between 32.5 million barrels
per day (bpd) and 33.0 million bpd from about 33.5 million bpd,
with details to be finalised at its policy meeting in November.
Canada's main stock index fell on Friday as last week's
rally in energy stocks paused and gold stocks retreated as
concerns about the health of Germany's biggest bank eased.
Dow Jones Industrial Average e-mini futures were up
0.01 percent at 7:15 a.m. ET on Monday, while S&P 500 e-mini
futures were down 0.02 percent and Nasdaq 100 e-mini
futures were flat.
RBC's seasonally adjusted manufacturing PMI data is due at
9:30 a.m. ET.
(Morning News Call newsletter link.reuters.com/nex49s ;
The Day Ahead newsletter link.reuters.com/mex49s)
Canada's second-biggest pension fund Caisse de depot et
placement du Quebec (CDPQ) said on Monday it had partnered with
Indian financial services firm Edelweiss Group to invest up to
$700 million over the next four years in stressed assets and
private debt opportunities in India.
SVG Capital said on Monday that it was in talks with
a consortium that included Goldman Sachs and the Canadian
Pension Plan Investment Board ("CPPIB"), confirming media
reports about other bidders for the British private equity firm.
ANALYST RESEARCH HIGHLIGHTS
Pan American Silver Corp : Deutsche Bank raises to
"hold" from "sell"
Parkland Fuel Corp : CIBC raises target price to
C$33 from C$31.5
Silver Standard Resources Inc : Deutsche Bank raises
target price to C$15.5 from C$14
COMMODITIES AT 7:15 a.m. ET
Thomson Reuters-Jefferies CRB Index : 0; was
unchanged 0 pct
Gold futures : $1316.80; +0.27 pct
US crude : $48.60; +0.75 pct
Brent crude : $50.55; +0.72 pct
LME 3-month copper : $4860; -0.1 pct
U.S. ECONOMIC DATA DUE ON MONDAY
0945 Mon: Markit Manufacturing PMI Final for Sep: Prior 51.4
1000 Construction spending mm for Aug: Expected 0.2 pct;
Prior 0.0 pct
1000 ISM Manufacturing PMI for Sep: Expected 50.3; Prior
1000 ISM Manufacturing Prices Paid for Sep: Expected 53.0;
1000 ISM Manufacturing Employment Index for Sep: Expected
49.0; Prior 48.3
1000 ISM Manufacturing New Orders Index for Sep: Prior 49.1
1330 Domestic car sales for Sep: Expected 5.00 mln; Prior
1330 Domestic truck sales for Sep: Expected 8.40 mln; Prior
1330 Total vehicle sales for Sep: Expected 17.30 mln; Prior
1330 All car sales for Sep: Prior 6.78 mln
1330 All truck sales for Sep: Prior 10.21 mln
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report
Canadian dollar and bonds report
Reuters global stocks poll for Canada
Canadian markets directory
(Reporting by Nandi Kaul in Bengaluru)