TSX set to open higher
August 3 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Monday, with September futures on the S&P TSX index up 0.75 percent at 7:15 a.m. ET.
No major economic events are scheduled for the day .
Canada's main stock index notched its fourth straight day of gains on Friday, led by the financials and materials sectors after a bleak couple of months.Dow Jones Industrial Average e-mini futures were up 0.06 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.1 percent and Nasdaq 100 e-mini futures were up 0.2 percent. [.N]
TOP STORIES [TOP/CAN]
Prime Minister Stephen Harper on Sunday called a parliamentary election for Oct. 19, kicking off a marathon 11-week campaign likely to focus on a stubbornly sluggish economy and his decade in power.
First Quantum Minerals (Toronto:FM.TO - News) will lay off about 1,480 workers at one of its Zambian copper projects after a reduction in its power supply curbed production, the company's local subsidiary said on Sunday.TransCanada Corp (Toronto:TRP.TO - News) (NYSE:TRP - News) says it is still committed to building the Keystone XL pipeline despite stubborn opposition in the United States that has thrown the C$8 billion ($6.2 billion) project into regulatory limbo.
COMMODITIES AT 7:15 a.m. ET [COM/WRAP]
Gold futures : $1,092.6; -0.02 pct [GOL/]
US crude : $46.44; -1.46 pct [O/R]
Brent crude : $51.03; -2.22 pct [O/R]
LME 3-month copper : $5,173; -1.09 pct [MET/L]
ANALYST RESEARCH HIGHLIGHTS [RCH/CA]
CGI Group Inc (GIBa.TO): Jefferies cuts target price to C$51 from C$52Platinum Group Metals Ltd (Toronto:PTM.TO - News): Goldman Sachs cuts price target to C$1.45 from C$1.50
U.S. ECONOMIC DATA DUE ON MONDAY
0830 Personal consumption real mm for June: Prior 0.6 pct
0830 Personal income mm for June: Expected 0.4 pct; Prior 0.5 pct
0830 Consumption, adjusted mm for June: Expected 0.2 pct; Prior 0.9 pct
0830 Core PCE Price Index MM for June: Expected 0.1 pct; Prior 0.1 pct
0830 Core PCE Price Index YY for June: Prior 1.2 pct
0830 PCE Price Index MM for June: Prior 0.3 pct
0830 PCE Price Index YY for June: Prior 0.2 pct
0945 Markit Manufacturing PMI Final for July: Prior 53.8
1000 Construction spending mm for June: Expected 0.6 pct; Prior 0.8 pct
1000 ISM Manufacturing PMI for July: Expected 53.6; Prior 53.5
1000 ISM Manufacturing Prices Paid for July: Expected 49.4; Prior 49.5
1000 ISM Manufacturing Employment Index for July: Expected 55.0; Prior 55.5
1000 ISM Manufacturing New Orders Index for July: Prior 56.0
1300 Dallas Fed PCE for June: Prior 2.3 pct
1330 Domestic car sales for July: Expected 5.60 mln; Prior 5.61 mln
1330 Domestic truck sales for July: Expected 8.05 mln; Prior 8.01 mln
1330 Total vehicle sales for July: Expected 17.20 mln; Prior 17.16 mln
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report [.TO]
Canadian dollar and bonds report [CAD/] [CA/] Reuters global stocks poll for Canada Canadian markets directory
($1= C$1.31)
(Reporting by Pradip Kakoti in Bengaluru)