Brent crude was up 0.47%, climbing for the third day, while U.S. West Texas Intermediate rose 0.22%, supported by a report that U.S. crude inventories fell. [O/R]
Manufacturing surveys around the world showed expanding activity in August, although the outlook remains shaky.
September futures on the S&P/TSX index were up 1% at 7:00 a.m. ET.
The Canadian labour productivity data for second-quarter is due at 8:30 a.m. ET.
On Tuesday, the Toronto Stock Exchange’s S&P/TSX composite index ended 0.79% higher at 16,644.99.
Dow Jones Industrial Average e-mini futures were up 0.66% at 7:00 a.m. ET, while S&P 500 e-mini futures were up 0.64% and Nasdaq 100 e-mini futures were up 0.94%. [.N]
TOP STORIES [TOP/CAN]
Calfrac Well Services investor Wilks Brothers LLC said on Tuesday it would launch a hostile C$26.13 million ($20 million) takeover bid for one of Canada’s largest oilfield service providers.
ANALYST RESEARCH HIGHLIGHTS [RCH/CA]
Onex Corp: Scotiabank raises target price to C$82 from C$81
Guardian Capital Group Ltd: Scotiabank raises target price to C$32 from C$26
COMMODITIES AT 7:00 a.m. ET
Gold futures: $1963.1; -0.39% [GOL/]
US crude: $42.96; +0.47% [O/R]
Brent crude: $0.48; +0.22% [O/R]
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0815 ADP national employment for Aug: Expected 950,000; Prior 167,000
0945 ISM-New York Index for Aug: Prior 807.8
0945 ISM New York Business Conditions for Aug: Prior 53.5
1000 Durables ex-defense, R mm for Jul: Prior 9.9%
1000 Durable goods, R mm for Jul: Prior 11.2%
1000 Factory orders mm for Jul: Expected 6.0%; Prior 6.2%
1000 Durables ex-transport R mm for Jul: Prior 2.4%
1000 Nondefense cap ex-air R mm for Jul: Prior 1.9%
1000 Factory ex-transport mm for Jul: Prior 4.4%
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report [.TO]
Canadian dollar and bonds report [CAD/] [CA/]
Reuters global stocks poll for Canada <EPOLL/CA>
Canadian markets directory
($1= C$1.31)
(Reporting by Amal S in Bengaluru; Editing by Ramakrishnan M.)
