May 29 (Reuters) - Futures prices pointed to a lower opening for Canada's main stock index on Tuesday following a sell-off in global equities triggered by a worsening Italian political crisis.
Investors fear that repeat elections - which now seem inevitable in Italy - may become a de facto referendum on Italian membership of the currency bloc and the country's role in the European Union futures on the S&P TSX index SXFc1 were down 0.68 percent at 7:15 a.m. ET.
Canada's main stock index fell to a more than two-week low on Monday as weaker oil prices pressured energy shares, while materials and financials also lost ground. of U.S. crude CLc1 also fell 1.5 percent on Tuesday although those for Brent inched higher after a poor start. LCOc1
In U.S. markets, Dow Jones Industrial Average e-mini futures 1YMc1 were also down 0.79 percent at 7:15 a.m. ET, while S&P 500 e-mini futures Esc1 fell 0.82 percent and Nasdaq 100 e-mini futures NQc1 were 0.68 percent lower. .N
(Morning News Call newsletter http://link.reuters.com/nex49s; The Day Ahead newsletter http://link.reuters.com/mex49s)
TOP STORIES TOP/CAN
Strong performances from its domestic and international operations helped Bank of Nova Scotia BNS.TO deliver second-quarter results ahead of market expectations on Tuesday. is likely to buy Kinder Morgan (NYSE:KMI) Canada Ltd's KML.TO Trans Mountain oil pipeline and its proposed expansion project in an attempt to ensure that it is built, Bloomberg reported on Monday, citing a person familiar with the talks. AT 7:15 a.m. ET COM/WRAP
Gold futures GCcv1 : $1303; -0.05 pct GOL/
US crude CLc1 : $66.93; -1.40 pct O/R
Brent crude LCOc1 : $75.78; 0.64 pct O/R
LME 3-month copper CMCU3 : $6864; -0.31 pct MET/L
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Corus Entertainment Inc CJRb.TO : CIBC cuts price target to C$8.50 from C$9.
Vermilion Energy Inc VET.TO : TD Securities raises price target to C$55 from C$54.
U.S. ECONOMIC DATA DUE ON TUESDAY
0900 CaseShiller 20 mm SA for Mar: Expected 0.7 pct ; Prior 0.8 pct
0900 CaseShiller 20 mm NSA for Mar: Prior 0.7 pct
0900 CaseShiller 20 yy for Mar: Expected 6.5 pct ; Prior 6.8 pct
1000 Consumer Confidence for May: Expected 128.0 ; Prior 128.7
1030 Dallas Fed Manufacturing Business Index for May: Prior 21.80
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$1.30)