May 12 (Reuters) - Canada's main stock index is set to
bounce back on Friday, after two straight sessions of losses,
tracking a marginal uptick in crude oil prices.
June futures on the S&P/TSX index were up 0.5% at
06:57 a.m. ET.
Contracts tied to precious and base metals ticked lower,
while those linked to crude oil prices were marginally up amid
investor concerns about a gloomy demand outlook for raw
materials. Among company news, Air Canada reported a
smaller-than-expected quarterly loss as the country's largest
airline benefited from resilient travel demand.
Sun Life Financial Inc reported first-quarter
profit above analysts' estimates as the country's second-biggest
life insurer benefited from strong sales at home and in the U.S.
Oil and gas producer Crescent Point Energy Corp reported a sharp drop in its first-quarter profit.
In the previous session, the Toronto Stock Exchange's
S&P/TSX composite index ended 0.4% lower, weighed down
by commodity-linked stocks. Dow e-minis were up 142 points, or 0.43%, at 06:57
a.m. ET. S&P 500 e-minis were up 17 points, or 0.41%,
and Nasdaq 100 e-minis were up 30.75 points, or 0.23%. COMMODITIES AT 6:57 a.m. ET
Gold futures : $2,011.9; -0.4% US crude : $71.08; +0.3% Brent crude : $75.1; +0.1% U.S. ECONOMIC DATA DUE ON FRIDAY
May University of Michigan consumer sentiment preliminary
data due at 10 am ET
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 = 1.3372 Canadian dollars)
(Reporting by Johann M Cherian and Vansh Agarwal in Bengaluru;
Editing by Shilpi Majumdar)
