Feb 7 (Reuters) - Stock futures suggested Canada's main stock index could shed gains on Wednesday after rebounding in the previous session, as the recovery in share markets lost steam.
March futures on the S&P TSX index SXFc1 were down 0.41 percent at 7:15 a.m. ET.
Canadian building permits data for December is due at 8:30 a.m. ET ECONCA
Canada's main stock index closed higher on Tuesday, reversing earlier falls as it followed a similar turnaround on Wall Street and benefited from gains among energy and industrial stocks. Jones Industrial Average e-mini futures 1YMc1 were down 0.35 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.43 percent and Nasdaq 100 e-mini futures NQc1 were down 0.36 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
Embraer SA EMBR3.SA and Bombardier Inc BBDb.TO are targeting the Chinese market with a limited offering of smaller aircraft for regional airlines because they are allowed to only operate jets with 100 seats or less, according to company executives.
Manulife Financial Corp MFC.TO is weighing the sale of a number of U.S. insurance assets after conducting a strategic review of its U.S. operations including John Hancock, people familiar with the plans told Reuters this week. Power TERP.O , controlled by Canada's Brookfield Asset Management BAMa.TO , has launched a 995 million euro ($1.2 billion) takeover bid for Spanish renewable energy firm Saeta Yield SAY.MC to expand its presence in Western Europe.
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Innergex Renewable Energy Inc INE.TO : BMO cuts target price to C$15 from C$19
Klondex Mines Ltd KDX.TO : RBC cuts target price to C$3 from C$4.50
Stelco Holdings Inc STLC.TO : Credit Suisse (SIX:CSGN) raises price target to C$32 from C$29
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc2 : $1327; +0.07 pct GOL/
US crude CLc1 : $63.26; -0.21 pct O/R
Brent crude LCOc1 : $66.88; +0.03 pct O/R
LME 3-month copper CMCU3 : $7052; -0.34 pct MET/L
U.S. ECONOMIC DATA DUE ON WEDNESDAY
1500 Consumer credit for Dec: Expected 20.00 bln; Prior 27.95 bln
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Canadian markets directory CANADA
($1 = 1.25 CAD)