Futures pointed to a higher opening for Canada's main stock index on Thursday as oil prices rose due to potential disruptions to flows from Iran and the Middle East.
The S&P/TSX Composite Index forged ahead 41.56 points to close Wednesday’s trading at 16,304.72
The Canadian dollar nicked higher 0.06 cents to 76.04 cents U.S. early Thursday
September futures gathered 0.3% Thursday
Airbus Chief Executive Tom Enders said on Wednesday he expects to see the first results of the company's new majority stake in Bombardier's CSeries jetliner program within weeks, around the time of the Farnborough Air Show later this month.
Hudson's Bay has agreed to sell about half of its European business to Austria's Signa Holding in a deal that will bring together two major German department store chains
CIBC raised the rating on Aecon Group to outperform from neutral
Canaccord Genuity initiated coverage on Lucara Diamond with buy rating and a $2.45 price target
ON BAYSTREET
The TSX Venture Exchange faded 1.82 points to end Wednesday at 738.75
ON WALLSTREET
U.S. stock index futures jumped ahead of Thursday’s open as investors awaited the release of a summary of the Federal Reserve's most-recent meeting, with tech and energy shares rising.
Futures for the Dow Jones Industrials galloped 182 points, or 0.8%, to 24,345
S&P 500 futures hopped 20.75 points, or 0.8%, to 2,734, while futures for the NASDAQ composite picked up 65.75 points, or 0.9%, to 7,089.50
Markets in the U.S. were closed Wednesday for the Fourth of July holiday
Shares of Facebook, Amazon, Netflix and Google-parent Alphabet all rose more than half a percent before the bell. Energy shares rose nearly 1% in the pre-market, led by Halliburton, which climbed 0.8%
The Federal Open Market Committee is expected to publish the minutes from its latest central banking meeting at 2 p.m. ET. At the last meeting in June, the Fed decided to increase its benchmark short-term interest rate by a quarter percentage point. In addition, the central bank signaled that two more rate hikes were expected to occur by year-end.
Investors will pore through the minutes looking for more clues about future monetary policy moves by the Fed.
ADP employment data was due at 8:15 a.m. ET, followed by jobless claims at 8:30 a.m. ET, services purchasing managers’ index at 9:45 a.m. ET, and the Institute for Supply Management non-manufacturing report at 10 a.m. ET.
The latest round of non-farm payrolls data — a key piece of data which provides clues to investors as to how the U.S. economy is performing – is due Friday.
Overseas, in Japan, the Nikkei 225 slumped 0.8%, while in Hong Kong, the Hang Seng index gave back 0.2%
Oil prices increased 11 cents to $74.25 U.S. a barrel.
Gold prices gained $2.50 to $1,256.00 U.S. an ounce.
