Make Kitco Your Homepage

TSX futures gain on strong earnings, commodity prices

Kitco News

Aug 4 (Reuters) - Canada's resource-heavy main stock index was set to open higher on Thursday, supported by a slew of robust earnings reports and firm oil and gold prices.

September futures on the S&P/TSX index were up 0.3% at 7:00 a.m. ET, taking cues from the global market as worries over Nancy Pelosi's visit to Taiwan eased.

The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended 0.2% higher on Wednesday, helped by gains in technology and financial shares.

In company news, Canadian Natural Resources Ltd (CNQ.TO) reported its quarterly profit more than doubled, as crude prices soared on tighter energy supplies due to the Ukraine conflict. read more

Business jet maker Bombardier Inc (BBDb.TO) posted a smaller second-quarter loss, helped by steady demand and lower interest expenses, while news and information company Thomson Reuters Corp (TRI.TO) reported higher operating profit and raised its full-year revenue forecast. read more

Wall Street was also set to extend gains on Thursday after a strong overnight rally on robust economic data and upbeat corporate outlook.

Dow e-minis were up 44 points, or 0.13% at 7:00 a.m. ET, while S&P 500 e-minis were up 9.75 points, or 0.23% and Nasdaq 100 e-minis were up 57.25 points, or 0.43%.

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report CA/

Reuters global stocks poll for Canada ,

Canadian markets directory

Reporting by Bansari Mayur Kamdar in Bengaluru; Editing by Vinay Dwivedi
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.