July 5 (Reuters) - Stock futures pointed to a lower open for Canada's main stock index on Wednesday after oil prices tumbled more than 1 percent, pressured by rising OPEC exports and strong U.S. dollar.
September futures on the S&P TSX index SXFc1 were down 0.27 percent at 7:25 a.m. ET.
Canada's main stock index fell on Tuesday to its lowest close in nearly seven months, as precious metal miners and technology shares led a retreat in lighter than usual trading volumes with U.S. markets closed for Independence Day. major Canadian economic releases are scheduled for release ECONCA .
Dow Jones Industrial Average e-mini futures 1YMc1 were up 0.03 percent at 7:25 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.05 percent and Nasdaq 100 e-mini futures NQc1 were down 0.25 percent. .N
(Morning News Call newsletter http://share.thomsonreuters.com/assets/newsletters/Morning_News_Call/MNC_US.pdf ; The Day Ahead newsletter http://share.thomsonreuters.com/assets/newsletters/The_Day_Ahead/TDA_NAM.pdf)
TOP STORIES TOP/CAN
Canada's inflation should be well into an uptrend by the first half of 2018, the Bank of Canada's head told a German newspaper, adding that policy normalization must begin before price growth hits its target in the latest hawkish comments from the central bank. RESEARCH HIGHLIGHTS RCH/CA
Athabasca Oil Corp ATH.TO : Raymond James cuts rating to "market perform" from "outperform"
Jean Coutu Group PJC Inc PJCa.TO : Barclays (LON:BARC) cuts target price to C$17 from C$19; rating "underweight"
Veresen Inc VSN.TO : TD Securities raises target price to C$18.50 from C$11
COMMODITIES AT 7:25 a.m. ET COM/WRAP
Gold futures GCc1 : $1218.4; +0.04 percent GOL/
US crude CLc1 : $46.29; -1.66 percent O/R
Brent crude LCOc1 : $48.9; -1.43 percent O/R
LME 3-month copper CMCU3 : $5850; -0.71 percent MET/L
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0945 ISM-New York Index for Jun: Prior 736.4
0945 ISM Newyork Business Conditions for Jun: Prior 46.7
1000 Durables ex-defense R mm for May: Prior -0.6 pct
1000 Durable goods R mm for May: Prior -1.1 pct
1000 Factory orders mm for May: Expected -0.5 pct; Prior -0.2 pct
1000 Durables ex-transport R mm for May: Prior 0.1 pct
1000 Non defense cap ex-air R mm for May: Prior -0.2 pct
1000 Factory ex-transport mm for May: Prior 0.1 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)