May 18 (Reuters) - Futures on Canada's main stock index dipped on Thursday, a day after the index posted its lowest close in nearly five months, as uncertainty over U.S. President Donald Trump's political future weighed down global stocks.
Adding to the dour mood, oil prices fell on signs that the market was well supplied with crude despite production cuts by OPEC and major exporters. O/R
Market tensions remained high following reports that Trump had tried to intervene in an investigation into alleged Russian interference in last year's U.S. election and that his aides had numerous undisclosed contacts with Russian officials.
June futures on the S&P TSX index SXFc1 were down 0.5 percent at 7:15 a.m. ET.
Foreign securities data for March is due at 8:30 a.m. ET. ECONCA
Canada's main stock index slumped on Wednesday as global markets worried that U.S. President Donald Trump's pro-business economic agenda could be slowed by political scandals. Jones Industrial Average e-mini futures 1YMc1 were down 0.33 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.22 percent and Nasdaq 100 e-mini futures NQc1 were down 0.22 percent. .N
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TOP STORIES TOP/CAN
Canada's biggest non-bank lender Home Capital Group Inc HCG.TO named a new director and said one of its initial investors would step down from the board. government officials are set to begin investigating Boeing (NYSE:BA) Co's BA.N unfair trade claims against Canadian rival Bombardier BBDb.TO , a two-track action that could lead to U.S. duties on Bombardier's new jetliner and also pits Boeing against Delta Air Lines Inc (NYSE:DAL) DAL.N . RESEARCH HIGHLIGHTS RCH/CA
Aimia Inc AIM.TO : TD Securities cuts target price to C$3.75 from C$9.50
Bank of Montreal BMO.TO : Citigroup (NYSE:C) raises rating to "buy" from "neutral"
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc2 : $1,261.8; +0.26 pct GOL/
US crude CLc1 : $48.32; -1.53 pct O/R
Brent crude LCOc1 : $51.42; -1.55 pct O/R
LME 3-month copper CMCU3 : $5,504.00; -1.89 pct MET/L
U.S. ECONOMIC DATA DUE ON THURSDAY
08:30 Initial jobless claims: Expected 240,000; Prior 236,000
08:30 Jobless claims 4-week average: Prior 243,500
08:30 Continued jobless claims: Expected 1.960 mln; Prior 1.918 mln
08:30 Philly Fed Business Index for May: Expected 19.5; Prior 22.0
08:30 Philly Fed 6M Index for May: Prior 45.40
08:30 Philly Fed Capex Index for May: Prior 36.50
08:30 Philly Fed Employment for May: Prior 19.90
08:30 Philly Fed Prices Paid for May: Prior 33.70
08:30 Philly Fed New Orders for May: Prior 27.40
10:00 Leading index change mm for Apr: Expected 0.4 pct; Prior 0.4 pct
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TSX market report .TO
Canadian dollar and bonds report CAD/ CA/
Reuters global stocks poll for Canada EQUITYPOLL1 EPOLL/CA
Canadian markets directory CANADA ($1= C$1.36)