April 26 (Reuters) - Stock futures pointed to a lower
opening for Canada's main stock index on Tuesday as copper
prices fell on worries that expectations of stronger demand from
China were overly optimistic.
June futures on the S&P TSX index SXFc1 were down 0.06
percent at 7:15 a.m. ET.
No major economic events are scheduled for the day.
Canada's main stock index fell on Monday as lower oil prices
weighed on energy stocks, while most other sectors also lost
ground as risk appetite declined.
Dow Jones Industrial Average e-mini futures 1YMc1 were up
0.11 percent at 7:15 a.m. ET, while S&P 500 e-mini futures
ESc1 were up 0.11 percent and Nasdaq 100 e-mini futures NQc1
were up 0.02 percent.
TOP STORIES
Canadian miner Teck Resources Ltd TCKb.TO TCK.N reported
a surprise quarterly profit as cost-cutting measures and a weak
Canadian dollar helped cushion the impact of lower coal and
copper prices.
Canadian National Railway Co CNR.TO lowered its full-year
earnings forecast, citing weaker-than-expected freight demand in
some markets and a strengthening Canadian dollar.
Canadian planemaker Bombardier Inc BBDb.TO faces a pivotal
week that may see a key deal announced with Delta Air Lines Inc (NYSE:DAL)
DAL.N but a federal aid package is unlikely to be approved in
time for its annual meeting on Friday.
AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1,234.6; -0.35 pct GOL/
US crude CLc1 : $43.03; +0.89 pct O/R
Brent crude LCOc1 : $44.92; +0.99 pct O/R
LME 3-month copper CMCU3 : $4,928; -1.4 pct MET/L
ANALYST RESEARCH HIGHLIGHTS
Lundin Mining Corp LUN.TO : Danske Bank cuts to hold from
buy
Pembina Pipeline Corp PPL.TO : Desjardins starts with top
pick rating
Canadian National CNR.TO : CIBC cuts to sector performer
U.S. ECONOMIC DATA DUE ON TUESDAY
0830 Durable goods for Mar: Expected 1.8 pct; Prior -3.0 pct
0830 Durables ex-transport for Mar: Expected 0.5 pct; Prior
-1.3 pct
0830 Durables ex-defense mm for Mar: Expected 0.4 pct; Prior
-2.1 pct
0830 Nondefense cap ex-air for Mar: Expected 0.8 pct; Prior
-2.5 pct
0855 Redbook mm: Prior -3.1 pct
0855 Redbook yy: Prior 0.5 pct
0900 CaseShiller 20 mm SA for Feb: Expected 0.8 pct; Prior
0.8 pct
0900 CaseShiller 20 mm NSA for Feb: Expected 0.1 pct; Prior
0.0 pct
0900 CaseShiller 20 yy for Feb: Expected 5.5 pct; Prior 5.7
pct
0945 Markit Composite Flash PMI for Apr: Prior 51.30
0945 Markit Services PMI Flash for Apr: Prior 51.3
1000 Consumer Confidence for Apr: Expected 96.0; Prior 96.2
1000 Rich Fed Composite Index for Apr: Prior 22
1000 Rich Fed Services Index for Apr: Prior 9
1000 Rich Fed Manufacturing Shipments for Apr: Prior 27
1030 Texas Service Sector Outlook for Apr: Prior -3.8
1030 Dallas Fed Services Revenue for Apr: Prior 6.4
($1 = C$1.27)