Aug 10 (Reuters) - Canada's benchmark stock index was set to follow global markets lower on Thursday as investors sought refuge in safe-haven assets following exchange of more threats between the United States and North Korea.
North Korea dismissed warnings by U.S. President Donald Trump that it would face "fire and fury" if it threatened the United States and outlined detailed plans for a missile strike near the U.S. Pacific territory of Guam. futures on the S&P TSX index SXFc1 were down 0.37 percent at 7:15 a.m. ET.
Canada new housing price index data is due at 8:30 a.m. ET ECONCA .
On Wednesday, Canada's main stock index fell as heightened tensions between North Korea and the United States drove investors away from higher-risk assets to safe havens such as gold. Jones Industrial Average e-mini futures 1YMc1 were down 0.28 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.45 percent and Nasdaq 100 e-mini futures NQc1 were down 0.7 percent. .N
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TOP STORIES TOP/CAN
Two of Canada's biggest insurance companies, Manulife Financial Corp MFC.TO and Sun Life SLF.TO , reported second-quarter earnings on Wednesday that beat market estimates, benefiting in part from strong growth in Asia. fertilizer maker Agrium Inc AGU.TO , AGU.N reported quarterly profit and revenue on Wednesday that edged past analysts' estimates, helped by higher selling prices for potash. Quantum Minerals Ltd FM.TO said on Wednesday it plans to suspend operations at its Ravensthorpe nickel mine in Western Australia at the beginning of next month due to persistently weak nickel prices, sending its shares lower. RESEARCH HIGHLIGHTS RCH/CA
Pan American Silver Corp PAAS.TO : Credit Suisse (SIX:CSGN) raises target price to C$25 from C$23
Stella-Jones Inc SJ.TO : National Bank of Canada raises target price to C$48 from C$42
Tahoe Resources Inc THO.TO : National Bank of Canada cuts target to C$8.50 from C$9.75
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1280.50; +0.59 percent GOL/
US crude CLc1 : $49.90; +0.69 percent O/R
Brent crude LCOc1 : $53.22; +0.91 percent O/R
LME 3-month copper CMCU3 : $6457.50; +0.04 percent MET/L
U.S. ECONOMIC DATA DUE ON THURSDAY
0830 Initial jobless claims: Expected 240,000; Prior 240,000
0830 Jobless claims 4-week average: Prior 241,750
0830 Continued jobless claims: Expected 1.960 mln; Prior 1.968 mln
0830 PPI final demand yy for Jul: Expected 2.2 pct; Prior 2.0 pct
0830 PPI final demand mm for Jul: Expected 0.1 pct; Prior 0.1 pct
0830 PPI ex food/energy yy for Jul: Expected 2.1 pct; Prior 1.9 pct
0830 PPI ex food/energy mm for Jul: Expected 0.2 pct; Prior 0.1 pct
0830 PPI ex food/energy/transport yy for Jul: Prior 2.0 pct
0830 PPI ex food/energy/transport mm for Jul: Prior 0.2 pct
1400 Federal budget for Jul: Expected -$73.00 bln; Prior -$90.0 bln
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