Aug 15 (Reuters) – Futures for Canada’s main stock index edged lower on Wednesday as oil prices fell due to a gloomier outlook for global economy and a report of rising U.S. crude inventories.
September futures on the SP/TSX index were down 0.25 percent at 7:15 a.m. ET.
Canada’s main stock index closed up on Tuesday.
Dow Jones Industrial Average e-mini futures were down 0.51 percent at 7:15 a.m. ET, while SP 500 e-mini futures were down 0.46 percent and Nasdaq 100 e-mini futures were down 0.65 percent.
Constellation Brands Inc said it would invest $4 billion more in Canopy Growth Corp, raising its stake in the Canadian marijuana producer to 38 percent.
Air France-KLM’s board is likely to appoint Air Canada’s chief operating officer Benjamin Smith as its new boss on Thursday, according to French newspaper Liberation.
ANALYST RESEARCH HIGHLIGHTS
Superior Plus Corp: Canaccord Genuity raises target price to C$13.75 from C$13.50
Nutrien Ltd: Bernstein cuts target price to C$88.86 from C$89.52
Tmac Resources Inc: CIBC cuts target price to C$8.50 from C$10.50
COMMODITIES AT 7:15 a.m. ET
Gold futures: $1191.6; -0.76 percent
US crude: $66.22; -1.22 percent
Brent crude: $71.8; -0.91 percent
LME 3-month copper: $5895; -2.47 percent
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0830 Newyork Fed Manufacturing for Aug: Expected 20.00; Prior 22.6
0830 Labor costs preliminary for Q2: Expected 0.3 pct; Prior 2.9 pct
0830 Productivity preliminary for Q2: Expected 2.3 pct; Prior 0.4 pct
0830 Retail sales ex-autos mm for July: Expected 0.3 pct; Prior 0.4 pct
0830 Retail sales mm for July: Expected 0.1 pct; Prior 0.5 pct
0830 Retail ex gas/autos for July: Prior 0.3 pct
0830 Retail control for July: Expected 0.4 pct; Prior 0.0 pct
0915 Industrial production mm for July: Expected 0.3 pct; Prior 0.6 pct
0915 Capacity utilization mm for July: Expected 78.2 pct; Prior 78.0 pct
0915 Manufacturing output mm for July: Expected 0.3 pct; Prior 0.8 pct
1000 Business inventories mm for June: Expected 0.1 pct; Prior 0.4 pct
1000 Retail inventories ex-buto revenue for June: Prior 0.3 pct
1000 NAHB Housing Market Index for Aug: Expected 67; Prior 68
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Canadian markets directory ($1 = C$1.31) (Reporting by Pathikrit Bandyopadhyay in Bengaluru)