March 22 (Reuters) - Futures for Canada's main stock index traded lower on Friday, as oil prices dropped on concerns over a slowdown in global economic growth.
A contraction in German manufacturing in March, the third straight month, stoked worries prompted by Fed's dovish turn on Wednesday, leading to broad losses in European stocks. futures on the S&P/TSX index SXFc1 were down 0.48 percent at 7:10 a.m. ET.
Consumer Price Index and Retail Sales data are due at 08:30 a.m. ET.
Toronto Stock Exchange S&P/TSX composite index .GSPTSE was up 77.03 points, or 0.48 percent, to close at 16,244.59 on Thursday. Jones Industrial Average e-mini futures 1YMc1 were down 0.41 percent at 7:10 a.m. ET, while S&P 500 e-mini futures ESc1 edged down 0.4 percent and Nasdaq 100 e-mini futures NQc1 were down 0.37 percent. .N
TOP STORIES TOP/CAN
Paulson & Co Inc will not support Newmont Mining (NYSE:NEM) Corp's NEM.N planned $10 billion takeover of rival Goldcorp Inc G.TO as the premium offered is unjustified, the investor said in a letter on Thursday. RESEARCH HIGHLIGHTS RCH/CA
Aritzia Inc ATZ.TO : Canaccord Genuity raises price target to $23 from C$21
Boyd Group Income Fund BYD_u.TO : CIBC raises price target to C$161 from C$132
Mosaic Capital Corp M.V : Desjardins raises price target to C$5.25 from C$5
COMMODITIES AT 7:10 a.m. ET COM/WRAP
Gold futures GCc2 : $1,313.2; +0.45 pct GOL/
US crude CLc1 : $59.51; -0.82 pct O/R
Brent crude LCOc1 : $67.15; -1.05 pct O/R
U.S. ECONOMIC DATA DUE ON FRIDAY
0945 Markit Composite Flash PMI for Mar: Prior 55.5
0945 Markit Manufacturing PMI Flash for Mar: Expected 53.6; Prior 53.0
0945 Markit Services PMI Flash for Mar: Expected 56.0; Prior 56.0
1000 Existing home sales for Feb: Expected 5.10 mln; Prior 4.94 mln
1000 Existing home sales percentage change for Feb: Expected 2.2 pct; Prior -1.2 pct
1000 Wholesale inventory (y), R mm for Jan: Expected 0.2 pct
1000 Wholesale sales mm for Jan: Prior -1.00 pct
1400 Federal budget for Feb: Expected -$227.00 bln; Prior $9.00 bln
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Canadian dollar and bonds report CAD/ CA/
Reuters global stocks poll for Canada EQUITYPOLL1 EPOLL/CA
Canadian markets directory CANADA ($1= C$1.34)