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RTRS: CANADA STOCKS-Futures indicate higher open, employment data awaited
 
(Reuters) - Canadian stocks looked set to open higher on Friday as investors awaited monthly U.S. and Canadian employment reports.

June futures on the S&P TSX index <0#SXF:> were up 0.09 percent at 0715 ET.

Statistics Canada's employment data for May is expected to show that employers added 25,000 jobs after a surprise loss of 28,900 jobs in April. The data is due at 0830 ET.

U.S. employers are expected to have maintained a solid pace of hiring in May, returning employment to its pre-recession level. The U.S. data is also due at 0830 ET.

The TSX index was little changed on Thursday as a drop in energy and bank shares offset a jump in the gold-mining sector. Gold prices rose after the European Central Bank cut rates to record lows

Dow Jones Industrial Average e-mini futures were up 0.17 percent at 0715 ET, while S&P 500 e-mini futures were up 0.09 percent and Nasdaq 100 e-mini futures were up 0.11 percent.

(Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)

TOP STORIES

Canada is set to buy 65 Lockheed Martin F-35 Joint Strike Fighter jets, sources familiar with the process said, marking a major renewal of Canada's fighter fleet and helping contain costs of the expensive defense program.

Timmins Gold Corp said it had set up a special committee of independent directors to help respond to a proxy fight launched by a major shareholder to take control of the gold miner's board.

Canada is enjoying an unexpected boom in production of ultra-light crude known as condensate, defying long-held predictions of dwindling supply.

COMMODITIES AT 0715 ET

Gold futures : $1,252.0; -0.08 pct

U.S. crude : $102.73; +0.24 pct

Brent crude : $109.11; +0.29 pct

LME 3-month copper : $6,671.25; -1.6 pct

ANALYST RESEARCH HIGHLIGHTS

Air Canada : National Bank Financial raises rating to outperform from sector perform

Cameco Corp : Canaccord Genuity raises rating to hold from sell

Saputo : CIBC, National Bank Financial raise price target on the stock

Westjet Airlines : National Bank Financial ups to outperform from sector perform

U.S. ECONOMIC DATA DUE ON FRIDAY

0830 Non-farm payrolls for May: Expected +218,000, prior +288,000

0830 Private payrolls for May: Expected +210,000, prior +273,000

0830 Manufacturing payrolls for May: Expected +10,000, prior +12,000

0830 Government payrolls for May: Prior +15,000

0830 Unemployment rate for May: Expected +6.4 pct, prior +6.3 pct

0830 Average earnings mm for May: Expected +0.2 pct, prior +0.0 pct

0830 Average workweek hours for May: Expected +34.5 hrs, prior +34.5 hrs

1030 ECRI weekly index: Prior +135.4

1030 ECRI weekly annualized: Prior +5.3 pct

1500 Consumer credit for Apr: Expected +15.50 bln, prior +17.53 bln

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= $1.09 Canadian) (Reporting by Mononshila Deka in Bangalore; Editing by Ted Kerr)
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