Stock futures pointed to a slightly higher opening for Canada's main stock index on Thursday as U.S. and China made progress in trade talks, but gains were capped by persisting global growth concerns.
The S&P/TSX Composite Index fell 31.78 points to close Wednesday at 16,123.38
The Canadian dollar removed 0.11 cents to 74.44 cents U.S. early Thursday
June futures were 0.1% Thursday.
Chemicals group Johnson Matthey has secured a site in Poland to produce ultra-high energy battery materials and signed a 10-year supply deal with Canada's Nemaska Lithium as it seeks to grow its exposure to the electric vehicle market.
Desjardins revises the rating on Valener Inc. to tender from hold
CIBC cut the price target on AGF Management to $6.00 from $6.50
RBC raised the price target on Emera Inc. to $56.00 from $53.00
ON BAYSTREET
The TSX Venture Exchange subtracted 7.56 points Wednesday to 627.06
ON WALLSTREET
U.S. stock index futures were little changed Thursday, amid talks of progress in the contentious trade talks between the U.S. and China.
Futures for the Dow Jones Industrial Average subsided 23 points, or 0.1%, at 25,637
Futures for the S&P 500 fell 2.5 points, or 0.1%, at 2,808
NASDAQ futures slipped 4.5 points, or 0.1%, to 7,330
Accenture and Sierra Metals are among the companies reporting earnings Thursday.
Investors will also be monitoring further data releases. U.S. weekly jobless claims and real growth rates data are due at 8.30 a.m. ET.
Investors in the U.S. awoke to optimistic reports of progress in all areas under discussion in U.S.-China trade talks, with what media reports called unprecedented movement on the touchy issue of forced technology transfers.
Overseas, in Japan, the Nikkei 225 slumped 1.6% Thursday, while in Hong Kong, the Hang Seng Index advanced 0.2%
Oil prices dropped 80 cents to $58.61 U.S. a barrel.
Gold prices fell $8.90 to $1,308.00 U.S. an ounce.
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