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CANADA STOCKS-TSX futures lower as Syria tensions weigh

Published 2018-04-11, 07:40 a/m
CANADA STOCKS-TSX futures lower as Syria tensions weigh
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April 11 (Reuters) - Futures for Canada's main stock index dipped on Wednesday as investor worries over tensions in Syria escalated after U.S. President Donald Trump warned Russia of a forthcoming response to a suspected chemical attack in the Asian country.

June futures on the S&P TSX index SXFc1 were down 0.70 percent at 7:15 a.m. ET.

Trump on Wednesday tweeted missiles "will be coming" and blasted Moscow for standing by Syrian President Bashar Assad. has warned that any U.S. missiles fired at Syria would be shot down and the launch sites targeted, raising the possibility of a U.S.-Russian confrontation. main stock index rose on Tuesday, led by the energy and materials sectors as reduced fears of a global trade war boosted oil prices. Jones Industrial Average e-mini futures 1YMc1 were down 0.97 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were down 1.01 percent and Nasdaq 100 e-mini futures NQc1 were down 1.05 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

Alberta on Tuesday doubled down on its pledge to financially support a troubled pipeline expansion, saying the province could buy the project outright from Kinder Morgan (NYSE:KMI) Canada Ltd KML.TO as Canada's federal government reiterated it was "100 percent" behind the build. Cathay Financial Holding Co 2882.TW said on Wednesday two of its group firms have scrapped a plan to buy Bank of Nova Scotia's BNS.TO Malaysian unit as the deal could not closed before its deadline. RESEARCH HIGHLIGHTS RCH/CA

Cenovus Energy Inc CVE.TO : Canaccord Genuity cuts price target to C$14.50 from C$16

Intact Financial Corp IFC.TO : KBW cuts price target to C$105 from C$108

Westjet Airlines Ltd WJA.TO : CIBC cuts price target to C$26 from C$28

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

Gold futures GCc1 : $1349; rose 0.52 percent GOL/

US crude CLc1 : $66.25; rose 1.13 percent O/R

Brent crude LCOc1 : $71.77; rose 1.03 percent O/R

LME 3-month copper CMCU3 : $6966; rose 0.3 percent MET/L

U.S. ECONOMIC DATA DUE ON WEDNESDAY

0830 Core CPI mm, SA for Mar: Expected 0.2 pct; Prior 0.2 pct

0830 Core CPI yy, NSA for Mar: Expected 2.1 pct; Prior 1.8 pct

0830 CPI Index, NSA for Mar: Expected 249.576; Prior 248.991

0830 Core CPI Index, SA for Mar: Prior 255.75

0830 CPI mm, SA for Mar: Expected 0.0 pct; Prior 0.2 pct

0830 CPI yy, NSA for Mar: Expected 2.4 pct; Prior 2.2 pct

0830 Real weekly earnings mm for Mar: Expected 0.2 pct; Prior 0.3 pct

1400 Federal budget for Mar: Expected -$194 bln; Prior -$215 bln

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$1.26)

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