June 12 (Reuters) – Canada’s main stock index futures rose on Friday, a session after stocks fell to a near three-month low on fears of a second wave of coronavirus infections.
The Toronto Stock Exchange’s S&P/TSX composite index down 4.14% at 15,050.92 on Thursday, their lowest level since March 27.
June futures on the S&P/TSX index were up 1.89% at 7:00 a.m. ET, as gold prices lent some support.
Gold rose on Friday as fears regarding the resurgence of infections and grim economic outlook by the U.S. Federal Reserve boosted demand for bullion.
Capacity utilization data for the first quarter is due at 8:30 a.m. ET
Dow Jones Industrial Average e-mini futures were up 2.22% at 7:00 a.m. ET. S&P 500 e-mini futures were up 1.91% and Nasdaq 100 e-mini futures were up 1.61%.
EU antitrust regulators have set a July 16 deadline for a decision on whether to clear French TGV high-speed train maker Alstom’s bid for Bombardier Inc’s rail division, according to a filing on the European Commission website.
Last year’s collapse of Canadian cryptocurrency trading platform Quadriga CX was due to a Ponzi scheme operated by founder Gerald Cotton, who died suddenly in December 2018, the country’s biggest securities regulator said on Thursday.
ANALYST RESEARCH HIGHLIGHTS
Cenovus Energy Inc: Scotiabank cuts rating to sector perform from sector outperform
Dollarama Inc: BMO raises target price to C$52 from C$45
TMX Group Ltd: Deutsche Bank raises target price to C$146 from C$141
COMMODITIES AT 7:00 a.m. ET
Gold futures: $1739.3; +0.27%
US crude: $36.47; +0.36%
Brent crude: $38.79; +0.62%
U.S. ECONOMIC DATA DUE ON FRIDAY
0830 Import prices mm for May: Expected 0.6%; Prior -2.6
0830 Export prices mm for May: Expected 0.6%; Prior -3.3%
0830 Import prices yy for May: Prior -6.8%
1000 U Mich Sentiment Preliminary for Jun: Expected 75.0; Prior 72.3
1000 U Mich Conditions Preliminary for Jun: Expected 85.0; Prior 82.3
1000 U Mich Expectations Preliminary for Jun: Expected 70.0; Prior 65.9
1000 (approx.) U Mich 1 year inflation preliminary for Jun: Prior 3.2%
1000 (approx.) U Mich 5-year inflation preliminary for Jun: Prior 2.7%
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$1.36) (Reporting by Yoganand KN in Bengaluru; Editing by Amy Caren Daniel)