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CANADA STOCKS-TSX futures lower as oil prices slip

Published 2018-07-16, 07:43 a/m
Updated 2018-07-16, 07:50 a/m
© Reuters.  CANADA STOCKS-TSX futures lower as oil prices slip

July 16 (Reuters) - Futures for Canada's main stock index were lower on Monday as oil prices fell on the back of easing concerns about supply disruptions and potential production increases by countries such as Russia.

September futures on the S&P/TSX index SXFc1 were down 0.1 percent at 7:15 a.m. ET.

Foreign and domestic securities data is due at 8:30 a.m. ET

The Toronto Stock Exchange's S&P/TSX .GSPTSE fell 6.30 points, or 0.04 percent on Friday, to 16,561.12 as materials and financials weighed. Jones Industrial Average e-mini futures 1YMc1 were up 0.09 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.01 percent and Nasdaq 100 e-mini futures NQc1 were up 0.1 percent. .N

TOP STORIES TOP/CAN

Canadian government customs provisions are expected to soften the blow on the country's powerful automotive industry from retaliatory tariffs on U.S. steel, according to trade lawyers and industry leaders bracing for higher costs. world's biggest oil traders are counting hefty losses after a surprise doubling in the price discount of U.S. light crude to benchmark Brent in just a month, as surging U.S production upends the market. of Callidus Capital Corp CBL.TO , owned by private equity firm Catalyst Capital Group Inc, slumped nearly 29 percent on Friday after the Canadian lender eliminated its dividend payments to support business growth. RESEARCH HIGHLIGHTS RCH/CA

Maple Leaf Foods Inc MFI.TO : RBC raises target price to C$36 from C$34

Saputo Inc SAP.TO : RBC raises target price to C$52 from C$49

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West Fraser Timber Co Ltd WFT.TO : RBC raises rating to "outperform" from "sector perform"

COMMODITIES AT 7:15 a.m. ET COM/WRAP

Gold futures GCcv1 : $1,244.7; +0.28 pct GOL/

U.S. crude CLc1 : $69.81; -1.69 pct O/R

Brent crude LCOc1 : $73.65; -2.23 pct O/R

LME 3-month copper CMCU3 : $6,176.5; -0.97 pct MET/L

U.S. ECONOMIC DATA DUE ON MONDAY

0830 NY Fed Manufacturing for July: Expected 22; Prior 25

0830 Retail sales ex-autos mm for Jun: Expected 0.4 pct; Prior 0.9 pct

0830 Retail sales mm for Jun: Expected 0.5 pct; Prior 0.8 pct

0830 Retail ex gas/autos for Jun: Prior 0.8 pct

0830 Retail control for Jun: Expected 0.4 pct; Prior 0.5 pct

1000 Business inventories mm for May: Expected 0.4 pct; Prior 0.3 pct

1000 Retail inventories ex-auto rev for May: Prior 0.1 pct

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$1.31)

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