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