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CANADA STOCKS-Futures drop on renewed slump in oil prices

Published 2017-06-21, 07:27 a/m
Updated 2017-06-21, 07:30 a/m
© Reuters.  CANADA STOCKS-Futures drop on renewed slump in oil prices

June 21 (Reuters) - Canadian stock futures pointed to a lower opening on Wednesday as the slump in oil prices continued, with investors fretting over no relief from a production cutback deal between OPEC and non-OPEC producers.

September futures on the S&P TSX index SXFc1 were down 0.15 percent at 7:15 a.m. ET.

Canada's benchmark stock index closed sharply lower on Tuesday as energy shares dived alongside oil prices, while Cenovus Energy Inc CVE.TO tumbled after the company said its chief executive was stepping down. Jones Industrial Average e-mini futures 1YMc1 were down 0.01 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.13 percent and Nasdaq 100 e-mini futures NQc1 were down 0.17 percent. .N

(Morning News Call newsletter http://share.thomsonreuters.com/assets/newsletters/Morning_News_Call/MNC_US.pdf ; The Day Ahead newsletter http://share.thomsonreuters.com/assets/newsletters/The_Day_Ahead/TDA_NAM.pdf)

TOP STORIES TOP/CAN

Billionaire Eddie Lampert-controlled Sears Canada Inc SCC.TO is preparing to seek court protection against creditors in the coming weeks, a person familiar with the matter said on Tuesday. RESEARCH HIGHLIGHTS RCH/CA

Crius Energy Trust KWH_u.TO : National Bank of Canada resumes coverage with "outperform" rating

Enerflex Ltd EFX.TO : CIBC raises price target to C$25 from C$24.50

Spin Master TOY.TO : National Bank of Canada raises rating to "outperform" from "sector perform"

COMMODITIES AT 7:15 a.m. ET COM/WRAP

Gold futures GCc2 : $1,245.00; +0.32 pct GOL/

US crude CLc1 : $43.49; -0.07 pct O/R

Brent crude LCOc1 : $45.96; -0.09 pct O/R

LME 3-month copper CMCU3 : $5,681.50; +0.43 pct MET/L

U.S. ECONOMIC DATA DUE ON WEDNESDAY

1000 Existing home sales for May: Expected 5.55 mln; Prior 5.57 mln

1000 Existing home sales percentage change for May: Expected -0.5 pct; Prior -2.3 pct

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 ($1= C$1.33)

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