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CANADA STOCKS-TSX set to open flat

Published 2018-09-04, 07:57 a/m
CANADA STOCKS-TSX set to open flat
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Sept 4 (Reuters) - Futures pointed to a flat opening for Canada's main stock index on Tuesday as trading resumes after Labour Day holiday and a deal with the United States to revamp the NAFTA trade pact remained elusive.

U.S. President Donald Trump on Friday notified Congress of his intent to sign a bilateral deal with Mexico, after contentious talks with Canada ended without a deal to revamp NAFTA. futures on the S&P/TSX index SXFc1 were up 0.02 percent at 7:20 a.m. ET.

Markit Manufacturing PMI data is due at 9:30 a.m. ET

The Toronto Stock Exchange's S&P/TSX fell 108.67 points, or 0.66 percent, to 16,262.88. Jones Industrial Average e-mini futures 1YMc1 were down 0.25 percent at 7:20 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.15 percent and Nasdaq 100 e-mini futures NQc1 were down 0.14 percent. .N

TOP STORIES TOP/CAN

Canadian landlord Oxford Properties Group lobbed a last-minute A$3.3 billion bid for Australian office owner Investa Office Fund IOF.AX , edging out an earlier offer from U.S. private equity firm Blackstone (NYSE:BX) Group BX.N . Royal Mail RMG.L expanded into the Canadian market on Monday with the purchase of parcel delivery firm Dicom Canada for C$360 million, adding to a series of recent bets on markets in Europe and North America. RESEARCH HIGHLIGHTS RCH/CA

Canopy Growth Corp WEED.TO : Cowen and Company raises price target to C$74 from C$56

New Gold Inc NGD.TO : Desjardins cuts target price to C$0.75 from C$1.25

COMMODITIES AT 7:25 a.m. ET COM/WRAP

Gold futures GCc2 : $1,193; fell 0.72 pct GOL/

US crude CLc1 : $71.14; rose 1.92 pct O/R

Brent crude LCOc1 : $79.30; rose 1.47 percent O/R

U.S. ECONOMIC DATA DUE ON TUESDAY

0945 Markit Manufacturing PMI Final for Aug: Prior 54.5

1000 Construction spending MM for Jul: Expected 0.5 pct; Prior -1.1 pct

1000 ISM Manufacturing PMI for Aug: Expected 57.7; Prior 58.1

1000 ISM Manufacturing Prices Paid for Aug: Expected 70.2; Prior 73.2

1000 ISM Manufacturing Employment Index for Aug: Prior 56.5

1000 ISM Manufacturing New Orders Index for Aug: Prior 60.2

1530 Domestic car sales for Aug: Prior 3.93 mln

1530 Total vehicle sales for Aug: Expected 16.80 mln; Prior 16.77 mln

1530 Domestic truck sales for Aug: Prior 9.14 mln

1530 All car sales for Aug: Prior 5.32 mln

1530 All truck sales for Aug: Prior 11.45 mln

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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