Canada Stocks: TSX futures dip on trade war fears

Spectra7 Microsystems

23/03/2018 11:49

March 23 (Reuters) - Futures for Canadian main stock index
fell on Friday on rising fears of a global trade war after U.S.
President Donald Trump announced tariffs on Chinese goods.
    Trump signed a presidential memorandum on Thursday that
could impose tariffs on up to $60 billion of imports from China,
but only after a 30-day consultation period that starts once a
list is published.  urn:newsml:reuters.com:*:nL1N1QZ0DZ
    June futures on the S&P TSX index  SXFc1  were down 0.25
percent at 7:15 a.m. ET.
    Canada's inflation data is expected to show that annual
inflation rose 2 percent in February from 1.7 percent in
January.
    Retail sales rose 1.1 percent in January, compared with a
fall of 0.8 percent in December, a report by Statistics Canada
is expected to show. The two reports will be released at 8:30
a.m. ET.  ECONCA .
    Canada's main stock index ended sharply lower on Thursday,
registering its biggest one-day percentage drop since September
2016, as worries over the threat of trade wars between the
United States and China rattled investors.  urn:newsml:reuters.com:*:nL1N1R422F
    Dow 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 0.21 percent and Nasdaq 100 e-mini futures
 NQc1  were down 0.61 percent.  .N 
    
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    TOP STORIES  TOP/CAN 
    Malaysia's Petronas said it is one of the producers involved
in TransCanada's  TRP.TO  proposal to expand a pipeline system
that would open up more markets for the energy company's gas
produced in Western Canada.  urn:newsml:reuters.com:*:nL3N1R5279
    Boeing Co  BA.N  will not appeal against the U.S. trade
commission ruling that allows Canada's Bombardier Inc  BBDb.TO 
to sell its newest jets to U.S. airlines without heavy duties, a
Boeing spokesman said on Thursday.  urn:newsml:reuters.com:*:nL3N1R51OM
    
    ANALYST RESEARCH HIGHLIGHTS  RCH/CA 
    Autocanada Inc  ACQ.TO : RBC raises target price to C$30
from C$27
    Eldorado Gold Corp  ELD.TO : Desjardins cuts to sell from
hold
    Spectra7 Microsystems  SEV.TO : Canaccord Genuity cuts to
hold from speculative buy
    
    COMMODITIES AT 7:15 a.m. ET  COM/WRAP 
    Gold futures  GCc1 : $1,326.6; was unchanged 0 pct  GOL/ 
    U.S. crude  CLc1 : $64.64; +0.53 pct  O/R 
    Brent crude  LCOc1 : $69.22; +0.45 pct  O/R 
    LME 3-month copper  CMCU3 : $6,686; -0.13 pct  MET/L 
    
    U.S. ECONOMIC DATA DUE ON FRIDAY
    0800 Build permits R number mm for Feb: Prior 1.298 mln
    0800 Build permits R change mm for Feb: Prior -5.7 pct
    0830 Durable goods for Feb: Expected 1.5 pct; Prior -3.6 pct
    0830 Durables ex-transport for Feb: Expected 0.5 pct; Prior
-0.3 pct
    0830 Durables ex-defense mm for Feb: Prior -2.6 pct
    0830 Nondefense cap ex-air for Feb: Expected 0.8 pct; Prior
-0.3 pct
    1000 New home sales-units for Feb: Expected 0.623 mln; Prior
0.593 mln
    1000 New home sales change mm for Feb: Expected 4.4 pct;
Prior -7.8 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$1.29)

 (Reporting by Nandi Kaul in Bengaluru; Editing by Anil D'Silva)
 ((nandi.kaul@thomsonreuters.com))