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REFILE-CANADA STOCKS-TSX futures slip on trade war fears

Published 2018-06-28, 07:22 a/m
© Reuters.  REFILE-CANADA STOCKS-TSX futures slip on trade war fears
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June 28 (Reuters) - Stock futures pointed to a lower open for Canada's main stock index on Thursday as investors worried that trade wars will harm economic growth.

June futures on the S&P/TSX index SXFc1 were down 0.18 percent at 7:15 a.m. ET.

The Toronto Stock Exchange's S&P/TSX .GSPTSE fell 48.84 points, or 0.30 percent, to 16,231.25. Jones Industrial Average e-mini futures 1YMc1 were down 0.34 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.35 percent and Nasdaq 100 e-mini futures NQc1 were down 0.20 percent. .N

TOP STORIES TOP/CAN

The effects of U.S. tariffs and tighter mortgage rules will "figure prominently" in the Bank of Canada's interest rate decision in July, but central bank Governor Stephen Poloz kept markets guessing on Wednesday on whether it would be a hike or a hold. representatives at Hudson's Bay HBC.TO German department store chain Kaufhof are expected to put the brakes on restructuring talks in the face of reports about a possible joint venture with Austria's Signa, a union leader said. RESEARCH HIGHLIGHTS RCH/CA

Corus Entertainment Inc CJRb.TO Desjardins cuts target price to C$6.50 from C$9.50

Stuart Olson Inc SOX.TO Raymond James raises target price to C$9 from C$8

COMMODITIES AT 7:15 a.m. ET COM/WRAP

Gold futures GCc2 : $1,257.7; -0.20 pct GOL/

US crude CLc1 : $72.39; -0.05 pct O/R

Brent crude LCOc1 : $78.85; +0.60 pct O/R

LME 3-month copper CMCU3 : $6,659.50; -0.55 pct MET/L

U.S. ECONOMIC DATA DUE ON THURSDAY

0830 Corporate profits revised for Q1: Expected 1.9 pct; Prior 5.9 pct

0830 GDP final for Q1: Expected 2.2 pct; Prior 2.2 pct

0830 GDP sales final for Q1: Expected 2.2 pct; Prior 2.0 pct

0830 GDP consumption spending final for Q1: Prior 1.0 pct

0830 GDP deflator final for Q1: Expected 1.9 pct; Prior 1.9 pct

0830 Core PCE prices final for Q1: Expected 2.3 pct; Prior 2.3 pct

0830 PCE prices final for Q1: Expected 2.6 pct; Prior 2.6 pct

0830 Initial jobless claims for June: Expected 220,000; Prior 218,000

0830 Jobless claims 4-week Average for June: Prior 221,000

0830 Continued jobless claims for June: Expected 1.725 mln; Prior 1.723 mln

1100 KC Fed Manufacturing for June: Prior 41

1100 KC Fed Composite Index for June: Prior 29

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$1.32)

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