Futures Point Slightly Up to End Week
The TSX fell back 54.3 points to conclude trading on Thursday at 20,436.87.
September futures took on 0.1% Friday.
The Canadian dollar inched ahead 0.02 cents to 75.88 cents U.S.
Britain's competition regulator said auto parts provider LKQ Corp's $2.8-billion deal to buy Uni-Select Inc may be referred to a deeper investigation unless the companies offer acceptable undertakings to address related concerns.
On the economic beat, Statistics Canada reported retail sales increased 0.2% to $66.0 billion in May. Sales increased in five of nine subsectors and were led by increases at motor vehicle and parts dealers (+0.8%) and food and beverage retailers (+1.0%).,
The national index increased 0.1% month over month in June, driven by price growth in two of Canada's larger housing markets, Vancouver and Calgary.
ON BAYSTREET
The TSX Venture Exchange dipped 4.51 points Thursday to 617.63.
ON WALLSTREET
Stock futures were higher Friday as traders assessed the latest corporate earnings results, and the Dow Jones Industrial Average tried to stretch its winning streak to 10 sessions.
Futures for the 30-stock index dipped 14 points to 35,387.
Futures for the S&P 500 picked up 8.25 points, or 0.2%, to 4,573.75.
Futures for the NASDAQ improved 58.75 points, or 0.4%, to 15,857.50.
The Dow is set to close the week up 2.1%, while the S&P 500 is on pace to finish the week up about 0.7%. The NASDAQ is poised to end 0.4% lower with just Friday’s session remaining.
Transportation companies CSX and Knight-Swift fell 5% each in the pre-market after reporting earnings that underwhelmed Wall Street analysts.
Corporate earnings have been mixed thus far. Seventy-three percent of S&P 500 companies that have already reported exceeding analysts’ expectations, according to FactSet data. However, that beat rate is below a three-year average of 80%, according to The Earnings Scout.
In Japan, the Nikkei 225 fell 0.6%. while in Hong Kong, the Hang Seng gained 0.8%.
Oil prices gained 99 cents to $76.64 U.S. a barrel.
Gold prices slid $5.40 to $1,965.50. U.S. an ounce.
Provided Content: Content provided by Baystreet. The Globe and Mail was not involved, and material was not reviewed prior to publication.
