May 4 (Reuters) - Stock futures pointed to a lower opening
for Canada's main stock index on Wednesday as investors remained
cautious about the health of global economy a day after a deluge
of lackluster manufacturing data from across the world.
June futures on the S&P TSX index SXFc1 were down 0.4
percent at 7:30 a.m. ET.
Trade data is due at 8:30 a.m. ET ECONCA .
Canada's main stock index fell to a two-week low on Tuesday
as lower commodity prices weighed on energy and materials
stocks, while financials dropped after Canadian Western Bank
CWB.TO set aside more money for loan losses.
Dow Jones Industrial Average e-mini futures 1YMc1 were
down 0.51 percent at 7:30 a.m. ET, while S&P 500 e-mini futures
ESc1 were down 0.61 percent and Nasdaq 100 e-mini futures
NQc1 were down 0.71 percent.
TOP STORIES
U.S. fertilizer company Mosaic Co MOS.N forecast higher
phosphate and potash sales for the current quarter after it
reported higher-than-expected first-quarter sales.
Canada's Shopify Inc SH.TO SHOP.N , a maker of software
that helps retailers set up and manage online stores, said its
loss widened in the first quarter from the fourth quarter as
operating expenses rose.
Canadian meat processor Maple Leaf Foods Inc MFI.TO
reported a first-quarter profit, compared with a year-ago loss,
helped by higher earnings in its meat products business.
COMMODITIES AT 7:30 a.m. ET
Gold futures GCc1 : $1,277.20; -1.05 pct
US crude CLc1 : $43.83; +0.41 pct
Brent crude LCOc1 : $45.12; +0.33 pct
LME 3-month copper CMCU3 : $4,881.00; -0.81 pct
ANALYST RESEARCH HIGHLIGHTS
Baytex Energy Corp BTE.TO : BMO raises target price to C$6
from C$5.50; rating "underperform"
IAMGOLD Corp IMG.TO : National Bank Financial raises target
price to C$4.40 from C$4.10; rating "sector perform"
Westjet Airlines Ltd WJA.TO : BMO raises target price to
C$25 from C$22; rating "outperform"
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0815 ADP national employment for Apr: Expected 196,000;
Prior 200,000
0830 International trade mm for Mar: Expected -$41.5 bln;
Prior -$47.1 bln
0830 Labor costs preliminary for Q1: Expected 3.3 pct; Prior
3.3 pct
0830 Productivity preliminary for Q1: Expected -1.4 pct;
Prior -2.2 pct
0945 Markit Services PMI Final for Apr: Prior 52.1
0945 Markit Composite Final PMI for Apr: Prior 51.7
1000 Durables ex-defense, R mm for Mar: Prior -1.0 pct
1000 Durable goods, R mm for Mar: Prior 0.8 pct
1000 Factory orders mm for Mar: Expected 0.6 pct; Prior -1.7
pct
1000 Durables ex-transport R mm for Mar: Prior -0.2 pct
1000 Nondefense cap ex-air R mm for Mar: Prior 0.0 pct
1000 Factory ex-transport mm for Mar: Prior -0.8 pct
1000 ISM N-Manufacturing PMI for Apr: Expected 54.7; Prior
54.5
1000 ISM N-Manufacturing Business Activity for Apr: Expected
59.2; Prior 59.8
1000 ISM N-Manufacturing Employment Index for Apr: Prior
50.3
1000 ISM N-Manufacturing New Orders Index for Apr: Prior
56.7
1000 ISM N-Manufacturing Price Paid Index for Apr: Prior
49.1
($1= C$1.28)