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CANADA STOCKS-Futures lower on uncertainty over Trump's policies

Published 2017-01-31, 07:40 a/m
CANADA STOCKS-Futures lower on uncertainty over Trump's policies
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Jan 31 (Reuters) - Stock futures indicated a lower start for Canada's main stock index on Tuesday as investors worried about President Donald Trump's controversial and protectionist policies.

March futures on the S&P TSX index SXFc1 were down 0.03 percent at 7:15 a.m. ET.

Data on monthly gross domestic product and producer prices is due at 8:30 a.m. ET. ECONCA

Canadian economy is expected to have picked up by 0.3 percent in November, compared with the previous month's decline. Investors will incorporate the figures into their forecasts for fourth-quarter growth, which is expected to have slowed after a strong rebound in the third quarter.

The Toronto Stock Exchange's S&P/TSX composite index fell more than 1 percent to a nearly two-week low on Monday, with losses broad based after a travel curb ordered by U.S. President Donald Trump triggered a rethink by investors of U.S. political risk. Jones Industrial Average e-mini futures 1YMc1 were down 0.14 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.11 percent and Nasdaq 100 e-mini futures NQc1 were down 0.12 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

Wealthsimple, a Canadian-based robo-adviser startup, announced a C$20 million ($15.25 million) investment from Power Financial Corp PWF.TO , and formally launched in the United States, as it looks to compete in a crowded American market dominated by big investment firms. RESEARCH HIGHLIGHTS RCH/CA

Detour Gold Corp DGC.TO : CIBC cuts price target to C$21 from C$23; rating "neutral"

Great Canadian Gaming GC.TO : Canaccord Genuity starts coverage with C$31.00 target price

New Gold NGD.TO : NBF cuts target price to C$4.60 from C$6.25; rating "sector perform"

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

Gold futures GCc1 : $1203.6; +0.87 percent GOL/

US crude CLc1 : $52.51; -0.23 percent O/R

Brent crude LCOc1 : $55.41; +0.33 percent O/R

LME 3-month copper CMCU3 : $5915; +1.63 percent MET/L

U.S. ECONOMIC DATA DUE ON TUESDAY

0830 Employment wages QQ for Q4: Prior 0.5 pct

0830 Employment benefits QQ for Q4: Prior 0.7 pct

0830 Employment costs for Q4: Expected 0.6 pct; Prior 0.6 pct

0900 CaseShiller 20 mm SA for Nov: Expected 0.7 pct; Prior 0.6 pct

0900 CaseShiller 20 mm NSA for Nov: Expected 0.2 pct; Prior 0.1 pct

0900 CaseShiller 20 yy for Nov: Expected 5.1 pct; Prior 5.1 pct

0945 Chicago PMI for Jan: Expected 55.0; Prior 54.6

1000 Consumer Confidence for Jan: Expected 113; Prior 113.7

1030 Texas Service Sector Outlook for Jan: Prior 19.4

1030 Dallas Fed Services Revenue for Jan: Prior 20.6

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$1.31)

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