Oct 4 (Reuters) - Canada's main stock index futures dipped on Wednesday as oil prices fell on caution that rising U.S. crude output could scupper a rally that lasted for most of the third quarter.
December futures on the S&P TSX index SXFc1 were down 0.09 percent at 7:15 a.m. ET.
Canada's benchmark stock index rose slightly on Tuesday as gains in the resource and financial sectors offset a decline in shares of TMX Group after Scotia Capital and Alberta Investment Management said they would cut their stake in the stock exchange operator. Jones Industrial Average e-mini futures 1YMc1 were down 0.05 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.06 percent and Nasdaq 100 e-mini futures NQc1 were down 0.08 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
Toronto-Dominion Bank TD.TO is opening an office in Tel Aviv, Israel, to recruit workers with cutting edge cyber security skills, after finding a shortage of talent in North America, a top TD executive said. home sales plunged in September from a year earlier and prices were down 15.5 percent from their April peak, but sales and prices inched up from August, suggesting housing in Canada's largest city may be stabilizing, data showed. auto sales rose 7.7 percent in September, driven by strong demand for trucks, which made up for nearly 70 percent of total sales in the country. RESEARCH HIGHLIGHTS RCH/CA
Crown Capital Partners Inc CRWN.TO : Raymond James cuts price target to C$11.50 from C$12
Pengrowth Energy Corp PGF.TO : Canaccord Genuity raises price target to C$0.90 from C$0.85
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCcv1 : $1279.7; +0.64 percent GOL/
US crude CLc1 : $50.27; -0.3 percent O/R
Brent crude LCOc1 : $55.8; -0.36 percent O/R
LME 3-month copper CMCU3 : $6500.5; -0.3 percent MET/L
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0815 ADP national employment for Sep: Expected 125,000; Prior 237,000
0945 Markit Composite Final PMI for Sep: Prior 54.6
0945 Markit Services PMI Final for Sep: Expected 55.1
1000 ISM N-Manufacturing PMI for Sep: Expected 55.5; Prior 55.3
1000 ISM N-Manufacturing Business Activity for Sep: Expected 57.2; Prior 57.5
1000 ISM N-Manufacturing Employment Index: Prior 56.2
1000 ISM N-Manufacturing New Orders Index for Sep: Prior 57.1
1000 ISM N-Manufacturing Price Paid Index for Sep: Prior 57.9
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($1 = C$1.25)