CANADA STOCKS-Futures point to lower start as oil prices weaken

Reuters

Published Aug 12, 2016 07:33

CANADA STOCKS-Futures point to lower start as oil prices weaken

Aug 12 (Reuters) - Futures pointed to a lower start for Canada's main stock index on Friday as oil prices weakened after data showed that China's economic activity slowed in July.

Data showed that China's investment grew at its slowest pace in more than 16 years in the first seven months of the year as the world's second-largest economy grappled with the painful restructuring of its older industrial sectors. futures on the S&P TSX index SXFc1 were down 0.06 percent at 7:15 a.m. ET.

Canada's main stock index rose on Thursday as energy stocks gained from a bounce in oil prices, while drugmaker Valeant Pharmaceuticals International Inc (NYSE:VRX) VRX.TO slumped on a report it is the target of a criminal probe. major economic data is due on Friday ECONCA .

Dow Jones Industrial Average e-mini futures 1YMc1 were up 0.02 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.01 percent and Nasdaq 100 e-mini futures NQc1 were up 0.01 percent. .N

(Morning News Call newsletter http://link.reuters.com/nex49s; The Day Ahead newsletter http://link.reuters.com/mex49s)

TOP STORIES TOP/CAN

Amaya Inc AYA.TO AYA.O said Chief Executive David Baazov, who was charged with insider trading by Quebec's securities regulator, had stepped down on Thursday. AT 7:15 a.m. ET COM/WRAP

Gold futures GCc1 : $1336.30; -0.46 percent GOL/

US crude CLc1 : $43.32; -0.39 percent O/R

Brent crude LCOc1 : $45.76; -0.61 percent O/R

LME 3-month copper CMCU3 : $4775; -1.51 percent MET/L

ANALYST RESEARCH HIGHLIGHTS RCH/CA

Altus Group AIF.TO : Canaccord Genuity raises target price to C$30 from C$28.; rating "buy"

Cineplex Inc CGX.TO : RBC cuts target price to C$51 from C$52; rating "sector perform"

Lundin Mining Corp LUN.TO : Canaccord Genuity raises price target to C$7.50 from C$7.00; rating "buy"

U.S. ECONOMIC DATA DUE ON FRIDAY

0830 PPI final demand yy for Jul: Expected 0.2 pct; Prior 0.3 pct

0830 PPI final demand mm for Jul: Expected 0.1 pct; Prior 0.5 pct

0830 PPI exfood/energy yy for Jul: Expected 1.2 pct; Prior 1.3 pct

0830 PPI exfood/energy mm for Jul: Expected 0.2 pct; Prior 0.4 pct

0830 PPI ex food/energy/transport yy for Jul: Prior 0.9 pct

0830 PPI ex food/energy/transport mm for Jul: Prior 0.3 pct

0830 Retail sales mm for Jul: Expected 0.4 pct; Prior 0.6 pct

0830 Retail sales ex-autos mm for Jul: Expected 0.2 pct; Prior 0.7 pct

0830 Retail ex gas/autos for Jul: Prior 0.7 pct

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0830 Retail control for Jul: Expected 0.3 pct; Prior 0.5 pct

1000 Business inventories mm for Jun: Expected 0.1 pct; Prior 0.2 pct

1000 U Mich Sentiment Preliminary for Aug: Expected 91.5; Prior 90.0

1000 U Mich Conditions Preliminary for Aug: Expected 109.0; Prior 109.0

1000 U Mich Expectations Preliminary for Aug: Expected 78.1; Prior 77.8

1000 U Mich 1 year inflation preliminary for Aug: Prior 2.7 pct

1000 U Mich 5-year inflation preliminary for Aug: Prior 2.6 pct

1030 ECRI Weekly Index: Prior 137.6

1030 ECRI weekly annualized: Prior 8.2 pct

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)

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