Aug 23 (Reuters) - Futures pointed to a lower opening for Canada's main stock index on Wednesday as oil prices fell, weighed down by concerns about rising production from Libya feeding into an oversupplied market.
September futures on the S&P TSX index SXFc1 were down 0.25 percent at 7:15 a.m. ET.
Canada's main stock index rose on Tuesday as higher oil prices lent support to its energy sector, while investors trimmed exposure to some of the country's big banks ahead of their earnings season next week. Jones Industrial Average e-mini futures 1YMc1 were down 0.16 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.23 percent and Nasdaq 100 e-mini futures NQc1 were down 0.21 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
Royal Bank of Canada RY.TO reported a 5 percent increase in underlying third-quarter net income, helped by double-digit earnings growth at its wealth management business which offset a weaker showing in capital markets. President Donald Trump warned on Tuesday he might terminate the NAFTA trade treaty with Mexico and Canada after three-way talks failed to bridge deep differences. Petroliam Nasional Berhad PETR.UL is considering investing in a pipeline to market its Canadian gas assets after scrapping plans for a liquefied natural gas project in Canada, state news agency Bernama said. RESEARCH HIGHLIGHTS RCH/CA
Teck Resources Ltd TECKb.TO : Credit Suisse (SIX:CSGN) raises target price to C$36 from C$30
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc2 : $1289.60; +0.31 percent GOL/
US crude CLc1 : $47.69; -0.29 percent O/R
Brent crude LCOc1 : $51.6; -0.52 percent O/R
LME 3-month copper CMCU3 : $6588.5; +0.13 percent MET/L
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0945 Markit Composite Flash PMI for Aug: Prior 54.60
0945 Markit Manufacturing PMI Flash for Aug: Expected 53.3; Prior 53.3
0945 Markit Service PMI Flash for Aug: Expected 54.9; Prior 54.7
1000 New home sales units for July: Expected 0.612 mln; Prior 0.610 mln
1000 New home sales change mm for July: Expected 0.3 pct; Prior 0.8 pct
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Canadian markets directory CANADA
($1 = C$1.26)