Sept 13 (Reuters) - Canada's main stock index was set for a lower opening after posting its biggest advance in three months in the previous session as a global equity rally showed signs of fading, with disappointment over the timing of Apple (NASDAQ:AAPL)'s iPhone release.
September futures on the S&P TSX index SXFc1 were down 0.19 percent at 7:15 a.m. ET.
Canada's main stock index posted its biggest advance in three months on Tuesday, led by financial sector gains, while higher commodity prices helped boost energy and gold mining shares. Jones Industrial Average e-mini futures 1YMc1 were down 0.1 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.15 percent and Nasdaq 100 e-mini futures NQc1 were down 0.22 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
Lending to Canadian small businesses climbed to the highest level in a year-and-a-half in July, data showed, pointing to a pickup in corporate spending that could help underpin recent economic strength. police fired tear gas at dozens of Eldorado Gold ELD.TO workers rallying outside the energy ministry in Athens to protest against potential job losses after the Canadian company threatened to suspend investment at its Greek mines. lender Desjardins is considering backing out of its C$145 million commitment to Kinder Morgan (NYSE:KMI)'s KML.TO Trans Mountain pipeline expansion, two people present at a meeting with the financial institution told Reuters. RESEARCH HIGHLIGHTS RCH/CA
Canadian National Railway Co CNR.TO : National Bank Of Canada cuts target price to C$105 from C$108
Cascades Inc CAS.TO : Desjardins raises price target to C$18 from C$16
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCcv1 : $1338; +0.39 percent GOL/
US crude CLc1 : $48.68; +0.93 percent O/R
Brent crude LCOc1 : $54.67; +0.74 percent O/R
LME 3-month copper CMCU3 : $6564.5; -1.55 percent MET/L
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0830 PPI final demand yy for Aug: Expected 2.5 pct; Prior 1.9 pct
0830 PPI final demand mm for Aug: Expected 0.3 pct; Prior -0.1 pct
0830 PPI exfood/energy yy for Aug: Expected 2.1 pct; Prior 1.8 pct
0830 PPI exfood/energy mm for Aug: Expected 0.2 pct; Prior -0.1 pct
0830 PPI exfood/energy/transport yy for Aug: Prior 1.9 pct
0830 PPI exfood/energy/transport mm for Aug: Prior 0 pct
1100 TR IPSOS PCSI for Sep: Prior 59.54
1400 Federal budget for Aug: Expected -$119.5 bln; Prior -$43 bln
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$1.21)