Aug 6 Stock futures pointed to a lower opening
for Canada's main stock index on Wednesday after reports of a
build-up of Russian troops near the Ukraine border dampened
investors' risk appetite across global markets.
September futures on the S&P TSX index <0#SXF:> were down
0.01 percent at 0715 ET.
June data for Canadian trade balance is due at 0830 ET.
The TSX index declined on Tuesday as sluggish economic data
from China and renewed geopolitical tensions in Ukraine weighed
on the market.
European stocks fell on Wednesday as nervous investors took
refuge in high-rated bonds after reports of Russian troop
Dow Jones Industrial Average e-mini futures were
down 0.37 percent at 0715 ET, while S&P 500 e-mini futures
were down 0.38 percent. Nasdaq 100 e-mini futures
were down 0.52 percent.
(Morning News Call newsletter link.reuters.com/nex49s;
The Day Ahead newsletter link.reuters.com/mex49s)
China's decision to investigate two Canadians for suspected
spying highlights a sharp and unexpected deterioration in
bilateral ties just months ahead of a trip by Canada's Prime
Minister Stephen Harper to Beijing.
Oil sands producer Athabasca Oil Corp reported a
bigger quarterly loss as it set aside C$49 million to settle
some claims by PetroChina Co Ltd's Phoenix Energy
Canada and the European Union have finalized the text of a
proposed free trade deal after months of disagreements, but
implementation is still about two years away, Canadian officials
said on Tuesday.
COMMODITIES AT 0715 ET
Gold futures : $1,289.9; +0.45 pct
US crude : $97.60; +0.23 pct
Brent crude : $104.84; +0.22 pct
LME 3-month copper : $6,978.50; -1.08 pct
ANALYST RESEARCH HIGHLIGHTS
TMX Group : National Bank Financial raises target to
C$63 from C$60; rating "sector perform"
Avigilon Corp : CIBC cuts target to C$45 from C$50;
rating "sector outperformer"
Luna Gold Corp : Canaccord Genuity, National Bank
Financial downgrade the stock
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0830 International trade mm for June: Expected -$44.7 bln,
prior -$44.4 bln
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report
Canadian dollar and bonds report
Reuters global stocks poll for Canada
Canadian markets directory
($1= $1.10 Canadian)
(Reporting by Mononshila Deka in Bangalore; Editing by