June 6 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Tuesday, as an ongoing diplomatic rift between Qatar and several Arab states sparked concerns that it would weigh on the OPEC's decision to curb oil production.
While some analysts believe that Qatar being cut off will have minimal impact on the OPEC accord in the long run, rising U.S. production is also putting pressure on oil prices, nullifying any OPEC agreement. futures on the S&P TSX index SXFc1 were down 0.24 percent at 7:15 a.m. ET.
Canada's main stock index fell on Monday as financial stocks dipped amid signs of cooling in Toronto's overheated housing market, while a rebound in energy stocks tempered some losses. Jones Industrial Average e-mini futures 1YMc1 were down 0.17 percent at 7:15 a.m. ET. S&P 500 e-mini futures ESc1 were down 0.21 percent and Nasdaq 100 e-mini futures NQc1 were down 0.09 percent. .N
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TOP STORIES TOP/CAN
Canadian energy company Fortis Inc FTS.TO could beat its annual 5 percent growth target with new LNG and power transmission projects in the United States and Canada, the company's chief executive said in an interview on Monday. Sumitomo Metal Mining Co 5713.T said it had agreed to take a 27.75-percent interest in a Canadian gold mining project from Toronto-based Iamgold Corp IMG.TO for $195 million. Ltd BB.TO on Monday downplayed news that Toyota Motor Corp 7203.T would adopt rival software for its future vehicle consoles, saying it was more focused on the faster-growing market for autonomous driving technology. RESEARCH HIGHLIGHTS RCH/CA
Asanko Gold Inc AKG.TO : CIBC cuts price target to C$2.85 from C$3.85
Norbord Inc OSB.TO : CIBC raises to "outperform" from "neutral"
Western Forest Products Inc WEF.TO : CIBC raises to "outperformer" from "neutral"
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc2 : $1,291.6; +0.85 pct GOL/
US crude CLc1 : $47.26; -0.30 pct O/R
Brent crude LCOc1 : $49.32; -0.30 pct O/R
LME 3-month copper CMCU3 : $5,556.50; -1.24 pct MET/L
U.S. ECONOMIC DATA DUE ON TUESDAY
10:00 JOLTS job openings for April: Prior 5.743 mln
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