Futures for Canada‘s main stock index fell on Monday, tracking weakness in crude prices, while sentiment across global markets was subdued on inflation pressures.
Brent crude and U.S. West Texas Intermediate (WTI) crude were both down 0.17%. [O/R]
June-quarter futures on the S&P/TSX index were down 0.48% at 7:00 a.m. ET.
Securities Foreign data for March is due at 8:30 a.m. ET.
The Toronto Stock Exchange’s S&P/TSX composite index ended 1.21% higher at 19,366.69 on Friday.
Dow Jones Industrial Average e-mini futures were down 0.39% at 7:00 a.m. ET, while S&P 500 e-mini futures had lost 0.34% and Nasdaq 100 e-mini futures were down 0.38%.
TOP STORIES [TOP/CAN]
Canada‘s Centerra Gold said on Sunday it had initiated binding arbitration against Kyrgyzstan government, after the parliament passed a law allowing the state to temporarily take over the country’s biggest industrial enterprise, the Kumtor gold mine operated by Centerra.
ANALYST RESEARCH HIGHLIGHTS [RCH/CA]
Bombardier: ATB Capital Markets raises to “speculative buy” from “sector perform”
Pan American Silver: National Bank of Canada raises to “outperform” from “sector perform”
SNC-Lavalin Group Inc: RBC raises target price to C$40 from C$33
COMMODITIES AT 7:00 a.m. ET
Gold futures: $1,850.4; +0.67% [GOL/]
US crude: $65.27; -0.17% [O/R]
Brent crude: $68.59; -0.16% [O/R]
U.S. ECONOMIC DATA DUE ON MONDAY
0830 NY Fed Manufacturing for May: Expected 23.90; prior 26.30
1000 NAHB Housing Market Index for May: Expected 83; prior 83
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report [.TO]
Canadian dollar and bonds report [CAD/] [CA/]
Reuters global stocks poll for Canada
Canadian markets directory
($1= C$1.21)
(Reporting by Amal S in Bengaluru; Editing by Vinay Dwivedi)
