CANADA STOCKS-TSX futures rise on higher crude prices

By Kitco News / May 07, 2018 / www.kitco.com / Article Link

May 7 (Reuters) - Canada's main stock index futures rose on Monday, helped by oil prices that touched their highest levels since late-2014 on the back of Venezuela's deepening economic crisis.

June futures on the S&P TSX index were up 0.06 percent at 7:15 a.m. ET.

No major economic indicators are scheduled for release.

The Toronto Stock Exchange's S&P/TSX rose 107.93 points, or 0.69 percent, to 15729.4 on Friday.

Dow Jones Industrial Average e-mini futures were up 0.36 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.41 percent and Nasdaq 100 e-mini futures were up 0.65 percent.

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

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Shareholders of Crescent Point Energy Corp voted to elect the Canadian energy producer's full slate of directors after a contentious battle with activist investor Cation Capital, Crescent spokeswoman Andr?(C)e Morier said on Friday.

ANALYST RESEARCH HIGHLIGHTS

Advantage Oil & Gas Ltd: Desjardins cuts target price to C$6 from C$7.50

AutoCanada Inc: CIBC cuts to neutral from outperformer

Norbord Inc: CIBC raises price target to C$56 from C$53

COMMODITIES AT 7:15 a.m. ET

Gold futures: $1,312.7; -0.15 pct

U.S. crude: $70.44; +1.03 pct

Brent crude: $75.6; +0.98 pct

LME 3-month copper: $6,845; +0.26 pct

U.S. ECONOMIC DATA DUE ON MONDAY

1000 Employment Trends for Apr: Prior 107.7

1500 Consumer credit for Mar: Expected $16.50 bln; Prior $10.60 bln

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 Nandi Kaul in Bengaluru; Editing by Maju Samuel)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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