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CANADA STOCKS-Futures lower as Saudi tensions add to worries

Published 2018-10-15, 07:43 a/m
Updated 2018-10-15, 07:50 a/m
CANADA STOCKS-Futures lower as Saudi tensions add to worries

CANADA STOCKS-Futures lower as Saudi tensions add to worries

Oct 15 (Reuters) - Futures for Canada's main stock index dipped on Monday, after world markets reacted negatively to rising tensions between Western powers and Saudi Arabia over the disappearance of journalist Jamal Khashoggi, which added to lingering trade concerns.

Saudi Arabia on Sunday warned against threats to punish it over last week's disappearance of journalist Khashoggi, as European leaders piled on pressure and two more U.S. executives scrapped plans to attend a Saudi investor conference. futures on the S&P/TSX index SXFc1 were down 0.18 percent at 6:55 a.m. ET.

The Toronto Stock Exchange S&P/TSX composite index .GSPTSE closed up 97.16 points, or 0.63 percent, at 15,414.29 on Friday. Jones Industrial Average e-mini futures 1YMc1 were down 0.4 percent at 6:55 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.49 percent and Nasdaq 100 e-mini futures NQc1 were down 0.82 percent. .N

TOP STORIES TOP/CAN

Enbridge Inc ENB.TO said on Sunday it has started work on a temporary access road to the site of a natural gas pipeline fire last week in northern British Columbia, which disrupted refinery operations in the U.S. state of Washington. RESEARCH HIGHLIGHTS RCH/CA

Rogers Communications Inc RCIb.TO : Macquarie cuts target price to C$74 from C$76

Stelco Holdings Inc STLC.TO : Credit Suisse (SIX:CSGN) cuts target price to C$30 from C$35

West Fraser Timber Co Ltd WFT.TO : CIBC cuts target price to C$82 from C$97

COMMODITIES AT 6:55 a.m. ET COM/WRAP

Gold futures GCc2 : $1231.6; +0.99 percent GOL/

US crude CLc1 : $71.71; +0.52 percent O/R

Brent crude LCOc1 : $81.09; +0.82 percent O/R

U.S. ECONOMIC DATA DUE ON MONDAY

0830 Newyork Fed Manufacturing for Oct: Expected 20.00; Prior 19.00

0830 Retail sales ex-autos mm for Sep: Expected 0.4 pct; Prior 0.3 pct

0830 Retail sales mm for Sep: Expected 0.6 pct; Prior 0.1 pct

0830 Retail ex gas/autos for Sep: Prior 0.2 pct

0830 Retail control for Sep: Expected 0.3 pct; Prior 0.1 pct

0830 Retail sales YoY for Sep: Prior 6.64 pct

1000 Business inventories mm for Aug: Expected 0.5 pct; Prior 0.6 pct

1000 Retail inventories Ex-Auto Rev for Aug: 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)

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