March 14 (Reuters) - Stock futures pointed to a lower
opening for Canada's main index on Monday as Brent crude prices
fell below $40 a barrel after Iran dashed hopes that there would
be a coordinated production freeze any time soon, returning
bearish sentiment to the market over a glut that has sent prices
crashing.
March futures on the S&P TSX index SXFc1 were down 0.26
percent at 7:15 a.m. ET.
Canada's main stock index rose on Friday, marking a new
three-month high as an oil rally and improved risk appetite
helped drive gains in energy and financial stocks.
Dow Jones Industrial Average e-mini futures 1YMc1 were
down 0.09 percent at 7:15 a.m. ET, while S&P 500 e-mini futures
Esc1 were down 0.21 percent and Nasdaq 100 e-mini futures
NQc1 were down 0.12 percent.
TOP STORIES
Valeant Pharmaceuticals (NYSE:VRX) Inc VRX.TO is under pressure from
investors to introduce more transparency into its operations and
expand its management ranks to regain credibility in the
investment community, people familiar with the situation said.
COMMODITIES AT 7:15 a.m. ET gold futures GCc1 : $1,258.00; -0.06 pct
US crude CLc1 : $37.67; -2.18 pct
Brent crude LCOc1 : $39.70; -1.71 pct
LME 3-month copper CMCU3 : $4,960.50; -0.19 pct
ANALYST RESEARCH HIGHLIGHTS
Veresen Inc VSN.TO RBC cuts target prices to C$12 from
C$16
U.S. ECONOMIC DATA DUE ON MONDAY
No major economic releases are scheduled for the day.
($1= C$1.32)