Stock futures pointed to a lower opening for Canada's main stock
index on Monday as investors turned cautious after weak
manufacturing data from China and Europe.
China's manufacturing activity contracted at its fastest
pace in almost 3-1/2 years in January, suggesting the world's
second-largest economy was off to a weak start in 2016.
Manufacturing growth also slowed in the euro zone at the
start of 2016.
March futures on the S&P TSX index SXFc1 were down 0.66
percent at 7:15 a.m. ET.
The RBC Canadian Manufacturing PMI data is due at 9:30 a.m.
The Toronto Stock Exchange's S&P/TSX composite index jumped
on Friday as investors cheered the Bank of Japan's bold move to
stimulate growth, while rising oil prices and an accommodative
royalty update in Alberta boosted energy stocks.
Dow Jones Industrial Average e-mini futures 1YMc1 were
down 0.49 percent at 7:15 a.m. ET, while S&P 500 e-mini futures
Esc1 were down 0.52 percent and Nasdaq 100 e-mini futures
NQc1 were up/down 0.47 percent.
TOP STORIES
Royal Nickel Corp RNX.TO , capitalizing on discount asset
prices as commodity markets swoon, announced two cash-and-stock
acquisitions that transform the mine developer into a
cash-generating nickel, copper and gold producer.
AT 7:15 a.m. ET Gold futures GCc2 : $1,122.50; +0.55 pct
US crude CLc1 : $32.84; -2.32 pct
Brent crude LCOc1 : $35.52; -1.31 pct
LME 3-month copper CMCU3 : $4,514.50; -1.01 pct
ANALYST RESEARCH HIGHLIGHTS
TransCanada Corp TRP.TO : CIBC raises target price to C$57
from C$56
U.S. ECONOMIC DATA DUE ON MONDAY
0830 Personal consumption real mm for Dec: Prior 0.3 pct
0830 Personal income mm for Dec: Expected 0.2 pct; Prior 0.3
pct
0830 Consumption, adjusted mm for Dec: Expected 0.1 pct;
Prior 0.3 pct
0830 Core PCE price index mm for Dec: Expected 0.1 pct;
Prior 0.1 pct
0830 Core PCE price index yy for Dec: Prior 1.3 pct
0830 PCE price index mm for Dec: Prior 0.0 pct
0830 PCE price index yy for Dec: Prior 0.4 pct
0945 Markit Manufacturing PMI Final for Jan: Prior 52.7
1000 Construction spending mm for Dec: Expected 0.6 pct;
Prior -0.4 pct
1000 ISM Manufacturing PMI for Jan: Expected 48; Prior 48
1000 ISM Manufacturing Prices Paid for Jan: Expected 34.0;
Prior 33.5
1000 ISM Manufacturing Employment Index for Jan: Expected
48; Prior 48
1000 ISM Manufacturing New Orders Index for Jan: Prior 48.8
1300 Dallas fed PCE for Dec: Prior 1.6 pct
($1= C$1.40)