March 7 (Reuters) - Canada's main stock index was poised to
open lower after scaling a new high for 2016 in the previous
session and a 3.2 percent gain over the week.
March futures on the S&P TSX index SXFc1 were down 0.36
percent at 7:30 a.m. ET on Monday.
The index futures mirrored cautious sentiment on European
bourses where investors abstained from placing big bets ahead of
the European Central Bank's policy meeting later this week.
Weakness in commodity prices reduced risk appetite. Copper
and zinc prices retreated from four-month highs, hurt by a
firmer dollar and as investors locked in gains from a rally.
The Toronto Stock Exchange's S&P/TSX composite index rose on
Friday as resource stocks tracked commodity prices higher and
after data showed a better-than-expected U.S. jobs gain and
record Canadian exports.
Dow Jones Industrial Average e-mini futures 1YMc1 were
down 0.22 percent at 7:30 a.m. ET. S&P 500 e-mini futures Esc1
were down 0.34 percent and Nasdaq 100 e-mini futures NQc1 were
down 0.42 percent.
TOP STORIES
China's CGN Mining Co Ltd 1164.HK , the first direct
Chinese investor in a Canadian uranium project, is interested in
buying stakes in more Canadian companies, a company official
said on Sunday.
Corus Entertainment Inc 's CJRb.TO minority shareholders
are set to approve its C$2.65 billion ($2 billion) bid for Shaw
Communications Inc's SJRb.TO media assets, despite vocal
opposition from private equity firm Catalyst Capital, according
to two sources familiar with the situation.
AT 7:30 a.m. ET Gold futures GCc1 : $1,272.30; +0.19 pct
US crude CLc1 : $36.56; +1.78 pct
Brent crude LCOc1 : $39.38; +1.73 pct
LME 3-month copper CMCU3 : $4,989.50; -0.76 pct
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Endeavour Mining Corp EDV.TO : Raymond James cuts target
price to C$13.25 from C$14; rating "outperform"
Mandalay Resources Corp MND.TO : Desjardins raises target
price to C$1.15 from C$1.05; rating "buy"
Oceanagold Corp OGC.TO : Raymond James raises rating to
"outperform" from "market perform"
U.S. ECONOMIC DATA DUE ON MONDAY
1000 Employment Trends Index for Feb: Prior 128.9
1500 Consumer credit for Jan: Expected $17.00 bln; Prior
$21.27 bln
($1= C$1.34)