Aug 30 (Reuters) - Canada's main stock index was set to open lower on Wednesday as crude oil slid after flooding and damage from Tropical Storm Harvey shut nearly a fifth of U.S. refineries.
Refineries with output of 4.1 million barrels per day (bpd) were offline on Tuesday, representing 23 percent of U.S. production, Goldman Sachs (NYSE:GS) said. Restarting plants even under the best conditions can take a week or more. futures on the S&P TSX index SXFc1 were down 0.11 percent at 7:15 a.m. ET.
Current account data for Q2 is due at 08:30 a.m. ET ECONCA .
Canada's main stock index rose on Tuesday, clawing back earlier losses after North Korea had fired a ballistic missile over Japan's northern Hokkaido island, as energy and gold mining shares gained ground. Jones Industrial Average e-mini futures were up 0.13 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.07 percent and Nasdaq 100 e-mini futures NQc1 were up 0.14 percent. .N
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TOP STORIES TOP/CAN
Kik Interactive, the Ontario, Canada-based creator of the global chat platform Kik, valued at $1 billion, said on Tuesday it will launch in two weeks the sale of its own crypto currency which is expected to raise $125 million. RESEARCH HIGHLIGHTS RCH/CA
Sunopta Inc STKL.O : Citigroup (NYSE:C) cuts target price to $10 from $11.5
Bank of Nova Scotia BNS.TO : CIBC raises target price to C$87 from C$85
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1311.7; -0.11 percent GOL/
US crude CLc1 : $46.14; -0.65 percent O/R
Brent crude LCOc1 : $51.72; -0.54 percent O/R
LME 3-month copper CMCU3 : $6792.5; +0.01 percent MET/L
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0815 ADP national employment for Aug: Expected 183000; Prior 178000
0830 Corporate profits preliminary for Q2: Prior -2.6 pct
0830 GDP 2nd estimate for Q2: Expected 2.7 pct; Prior 2.6 pct
0830 GDP sales preliminary for Q2: Expected 2.7 pct; Prior 2.6 pct
0830 GDP cons spending preliminary for Q2: Prior 2.8 pct
0830 GDP deflator preliminary for Q2 : Expected 1.0 pct; Prior 1.0 pct
0830 Core PCE prices preliminary for Q2: Expected 0.9 pct; Prior 0.9 pct
0830 PCE prices preliminary for Q2: Expected 0.3 pct; Prior 0.3 pct
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