Stock futures pointed to a lower opening for Canada's main stock index on Tuesday as deepening worries about the health of the global economy unnerved investors.
December futures on the S&P TSX index SXFc1 were down 1.61 percent at 0720 ET.
No major economic events are scheduled for Tuesday ECONCA.
The country's main stock index .GSPTSE recorded its biggest drop in more than a year and hit a six-month low on Friday as worries about global economic growth hit shares in every major market sector.
Dow Jones Industrial Average e-mini futures 1YMc1 were up 0.10 percent at 0720 ET on Tuesday, S&P 500 e-mini futures ESc1 were up 0.16 percent and Nasdaq 100 e-mini futures NQc1 were up 0.18 percent. [.N]
(Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)
TOP STORIES [TOP/CAN]
Canadian Pacific Railway Ltd (CP.TO: Quote) has approached CSX Corp (CSX.N: Quote) about merging the two North American railroad operators to create a transcontinental carrier worth more than $60 billion, according to the Wall Street Journal.
COMMODITIES AT 0720 ET [COM/WRAP]
Gold futures GCc2: $1,235.90; +0.54 pct [GOL/]
US crude CLc1: $84.79; -1.11 pct [O/R]
Brent crude LCOc1: $87.79; -1.24 pct [O/R]
LME 3-month copper CMCU3: $6,754.75; +0.67 pct [MET/L]
ANALYST RESEARCH HIGHLIGHTS [RCH/CA]
Canadian Pacific Railway Ltd (CP.TO: Quote): UBS starts with "buy" rating; price target C$263
Canadian Tire Corp (CTCa.TO: Quote): Canaccord Genuity raises target to C$138 from C$123; rating "buy"
Lumenpulse Inc LMP.TO: National Bank Financial resumes coverage with "outperform rating"
U.S. ECONOMIC DATA DUE ON TUESDAY
No major economic events are scheduled.
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report [.TO]
Canadian dollar and bonds report [CAD/] [CA/]
Reuters global stocks poll for Canada EQUITYPOLL1 <EPOLL/CA>
Canadian markets directory CANADA
December futures on the S&P TSX index SXFc1 were down 1.61 percent at 0720 ET.
No major economic events are scheduled for Tuesday ECONCA.
The country's main stock index .GSPTSE recorded its biggest drop in more than a year and hit a six-month low on Friday as worries about global economic growth hit shares in every major market sector.
Dow Jones Industrial Average e-mini futures 1YMc1 were up 0.10 percent at 0720 ET on Tuesday, S&P 500 e-mini futures ESc1 were up 0.16 percent and Nasdaq 100 e-mini futures NQc1 were up 0.18 percent. [.N]
(Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)
TOP STORIES [TOP/CAN]
Canadian Pacific Railway Ltd (CP.TO: Quote) has approached CSX Corp (CSX.N: Quote) about merging the two North American railroad operators to create a transcontinental carrier worth more than $60 billion, according to the Wall Street Journal.
COMMODITIES AT 0720 ET [COM/WRAP]
Gold futures GCc2: $1,235.90; +0.54 pct [GOL/]
US crude CLc1: $84.79; -1.11 pct [O/R]
Brent crude LCOc1: $87.79; -1.24 pct [O/R]
LME 3-month copper CMCU3: $6,754.75; +0.67 pct [MET/L]
ANALYST RESEARCH HIGHLIGHTS [RCH/CA]
Canadian Pacific Railway Ltd (CP.TO: Quote): UBS starts with "buy" rating; price target C$263
Canadian Tire Corp (CTCa.TO: Quote): Canaccord Genuity raises target to C$138 from C$123; rating "buy"
Lumenpulse Inc LMP.TO: National Bank Financial resumes coverage with "outperform rating"
U.S. ECONOMIC DATA DUE ON TUESDAY
No major economic events are scheduled.
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report [.TO]
Canadian dollar and bonds report [CAD/] [CA/]
Reuters global stocks poll for Canada EQUITYPOLL1 <EPOLL/CA>
Canadian markets directory CANADA
