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TSX futures fall on weaker bullion prices

Published 2020-10-06, 07:34 a/m
© Reuters. A TMX Group sign, the company that runs the Toronto Stock Exchange, is seen in Toronto
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(Reuters) - Futures for Canada's main index retreated on Tuesday, dragged by weaker bullion prices, while investors awaited cues on further U.S. fiscal stimulus.

December futures on the S&P/TSX index were down 0.5% at 7:00 a.m. ET.

The yellow metal fell 0.11% to $1913.9 an ounce as investors shifted to riskier assets after U.S. President Donald Trump returned to the White House on Monday after being treated for COVID-19.

Canada's trade data for August is due at 8:30 a.m. ET

The trade deficit is likely to have narrowed to C$2 billion ($1.51 billion) in August from C$2.5 billion in July, as per a Reuters poll.

The Toronto Stock Exchange's S&P/TSX composite index ended 1.3% higher at 16,410.19 on Monday, after posting its best intraday in nearly a month.

Dow Jones Industrial Average e-mini futures were up 0.01 at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.23% and Nasdaq 100 e-mini futures NQc1 were down 0.37%.

TOP STORIES

A workers union at the Candelaria copper mine in Chile rejected a contract offer from Canada's Lundin Mining, union officials said on Monday, raising the possibility of a strike.

ANALYST RESEARCH HIGHLIGHTS

Cineplex Inc: CIBC cuts target price to C$6 from C$10

Northland Power Inc: National Bank of Canada raises PT to C$43 from C$39

Calibre Mining Corp: Canaccord Genuity raises target price to C$4 from C$3.20

COMMODITIES AT 7:00 a.m. ET

Gold futures: $1913.9; -0.11%

US crude : $39.61; +0.99%

Brent crude : $41.71; +1.02%

U.S. ECONOMIC DATA DUE ON TUESDAY

0830 International trade for Aug: Expected -$66.1 bln; Prior -$63.6 bln

0830 Goods trade balance (R) for Aug: Prior -82.94 bln

© Reuters. A TMX Group sign, the company that runs the Toronto Stock Exchange, is seen in Toronto

1000 JOLTS job openings for Aug: Expected 6.685 mln; Prior 6.618 mln

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