Air Canada Stock – CANADA STOCKS-TSX futures flat as investors eye inflation data, U.S. Fed
June 16 (Reuters) – Futures for Canada’s main stock index were subdued Wednesday, mirroring moves across global equity markets, as investors awaited local inflation data and comments from the U.S. Federal Reserve on when it would ease its monetary stimulus.
Fed officials on Wednesday are expected to at least flag the pending start of talks about when and how to exit from the crisis-era policies the U.S. central bank put in place at the onset of the COVID-19 pandemic last year.
June futures on the S&P/TSX index SXFc1 were down 0.01% at 7:00 a.m. ET.
Canada’s inflation data for May is due at 08:30 a.m. ET
The Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE ended 0.36% higher at 20,231.3 on Tuesday.
TOP STORIES TOP/CAN
The U.S. Transportation Department said on Tuesday it was seeking a $25.5 million fine from Air Canada AC.TO over the carrier’s failure to provide timely refunds requested by thousands of customers for flights to or from the United States.
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Air Canada AC.TO: TD Securities raises target price to C$34 from C$30
Empire Company Ltd EMPa.TO: RBC raises target price to C$45 from C$43
Stelco Holdings STLC.TO: JP Morgan initiates with “overweight” rating and PT of C$54
COMMODITIES AT 7:00 a.m. ET
Gold futures GCc2: $1856; +0.04% GOL/
US crude CLc1: $72.24; +0.17% O/R
Brent crude LCOc1: $74.22; +0.31% O/R
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0830 Build permits: number for May: Expected 1.730 mln; Prior 1.733 mln
0830 Build permits: change mm for May: Prior -1.3%
0830 Housing starts number for May: Expected 1.630 mln; Prior 1.569 mln
0830 House starts mm: change for May: Prior -9.5%
0830 Import prices mm for May: Expected 0.8%; Prior 0.7%
0830 Export prices mm for May: Expected 0.8%; Prior 0.8%
0830 Import prices yy for May: Prior 10.6%
1400 Fed funds target rate for 16 Jun: Expected 0-0.25%; Prior 0-0.25%
1400 Fed int on excess reserves for 16 Jun: Prior 0.10%
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report .TO
Canadian dollar and bonds report CAD/CA/
Reuters global stocks poll for Canada EQUITYPOLL1, EPOLL/CA
Canadian markets directory CANADA
(Reporting by Amal S in Bengaluru; Editing by Amy Caren Daniel)
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