Sept 9 (Reuters) - Canada's main stock index was set to open lower on Friday following weakness in global markets as investors turned cautious after weak German trade data and a dip in oil prices.
Data showed German exports fell sharply in July, shrinking the overall trade surplus for the fourth consecutive month - something not seen since 1992 - and casting doubt on the strength of the euro zone's largest economy. to the jitters, North Korea conducted its fifth and most powerful nuclear test. in Canada will be looking out for the August employment report due at 8:30 a.m. ET to see whether the labor market can recover some of the 31,200 jobs it unexpectedly lost in July. Economists have forecast an addition of 15,000 jobs in August. ECONCA
September futures on the S&P TSX index SXFc1 were down 0.17 percent at 7:15 a.m. ET.
Canada's main stock index edged higher on Thursday as an oil price-driven rally in energy stocks offset broader losses for the market. Jones Industrial Average e-mini futures 1YMc1 were down 0.3 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.29 percent and Nasdaq 100 e-mini futures NQc1 were down 0.25 percent. .N
(Morning News Call newsletter http://link.reuters.com/nex49s ; The Day Ahead newsletter http://link.reuters.com/mex49s)
TOP STORIES TOP/CAN
Canadian newspaper publisher the Globe and Mail offered voluntary buyouts to all staff on Thursday in an effort to "right-size" the business, publisher Philip Crawley said. RESEARCH HIGHLIGHTS RCH/CA
Descartes Systems DSG.TO : Barclays (LON:BARC) raises target price to C$31 from C$30; rating "overweight"
North West Co NWC.TO : CIBC cuts target price to C$30 from C$32
Yamana Gold YRI.TO : Canaccord Genuity raises price target to C$10.50 from C$10; rating "buy"
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1332.6; -0.31 percent GOL/
US crude CLc1 : $46.95; -1.41 percent O/R
Brent crude LCOc1 : $49.25; -1.48 percent O/R
LME 3-month copper CMCU3 : $4658; -0.13 percent MET/L
U.S. ECONOMIC DATA DUE ON FRIDAY
1000 Wholesale inventory, R mm for Jul: Expected 0.0 pct; Prior 0.0 pct
1000 Wholesale sales mm for Jul: Expected 0.2 pct; Prior 1.9 pct
1030 ECRI Weekly Index: Prior 138.4
1030 ECRI weekly annualized: Prior 8.1 pct
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Canadian markets directory CANADA ($1= C$1.30)