Futures edge upward

Jul 27, 2018 (Baystreet.ca via COMTEX) —

Stock futures pointed to a slightly higher opening for Canada’s main stock index on Friday as trade tensions between the United States and the European Union subsided.

The S&P/TSX Composite Index gained 34.97 points to close Thursday at 16,455.73

The Canadian dollar ducked 0.01 cents at 76.48 cents U.S. early Friday

September futures gained 0.1% Friday

Air Canada reported a higher-than-expected quarterly profit on Friday, as the carrier benefited from robust travel demand and higher fares.

Thomson Reuters Corp’s Financial and Risk unit, in which U.S. private equity firm Blackstone Group is buying a majority stake, will be renamed Refinitiv once the deal closes.

Activist investor John Paulson’s hedge fund on Thursday nominated eight members to Detour Gold Corp’s board and reiterated its call for a special shareholder meeting, ratcheting up pressure on the gold miner.

RBC raised the target price Cameco Corp. to $16.00 from $15.00

Barclays raised the price target on Husky Energy to $26.00 from $24.00

RBC raised the target price on Mullen Group to $18.00 from $16.00

ON BAYSTREET

The TSX Venture Exchange moved lower 2.2 points Thursday to 705.12

ON WALLSTREET

U.S. stock index futures ticked higher ahead of Friday’s open, as investors awaited fresh gross domestic product (GDP) figures.

Futures for the Dow Jones Industrials advanced 10 points to 25,535.

S&P 500 futures were unchanged at 2,846.50, while futures for the NASDAQ composite picked up 3.25 points to 7,434.

This week has been jam-packed with earnings, and it doesn’t show signs of letting up on Friday, with a whole host of businesses reporting prior to the opening bell.

Out of the slew due to report, AbbVie, Chevron, Colgate-Palmolive, Exxon Mobil, Merck, Phillips 66. Twitter reported earnings per share that matched expectations, but the stock fell as much

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