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TSX futures down on U.S.-China trade worries

Published 2019-05-07, 07:31 a/m
© Reuters.  TSX futures down on U.S.-China trade worries
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May 7 (Reuters) - Futures for Canada's main stock index were lower on Tuesday, as investors cautiously tracked developments around U.S.-China trade talks.

Chinese Vice Premier Liu He will visit the United States this week for trade talks, Beijing said, playing down a sudden rise in tension after U.S. President Donald Trump vowed to impose new tariffs. futures on the S&P/TSX index SXFc1 were down 0.57 percent at 7:00 a.m. ET.

Canada's Ivey Purchasing Managers Index data for April is due at 10:00 a.m. ET.

The Toronto Stock Exchange's S&P/TSX .GSPTSE inched down 0.97 points, or 0.01 percent, to 16,493.46 on Monday. Jones Industrial Average e-mini futures 1YMc1 were down 0.62 percent at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 edged down 0.65 percent and Nasdaq 100 e-mini futures NQc1 were down 0.75 percent. .N

TOP STORIES TOP/CAN

WestJet Airlines WJA.TO reported a quarterly profit that beat analysts' estimates, as the Canadian carrier flew more passengers to the United States and other overseas destinations. RESEARCH HIGHLIGHTS RCH/CA

Air Canada AC.TO : RBC raises price target to C$46 from C$43

IAMGOLD Corp IMG.TO : Canaccord Genuity cuts rating to "hold" from "buy"; cuts price target to C$3.75 from C$7

Stella-Jones Inc SJ.TO : CIBC raises target price to C$53 from C$51

COMMODITIES AT 7:00 a.m. ET COM/WRAP

Gold futures GCc2 : $1,282.2; -0.12 percent GOL/

US crude CLc1 : $61.68; -0.92 percent O/R

Brent crude LCOc1 : $70.43; -1.14 percent O/R

U.S. ECONOMIC DATA DUE ON TUESDAY

1000 JOLTS job openings for March: Expected 7.240 mln; Prior 7.087 mln

1500 Consumer credit for March: Expected $16.00 bln; Prior $15.19 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$1.35)

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