Canada Stocks: TSX futures fall on U.S. crude crash

Stingray

21/04/2020 12:29

April 21 (Reuters) - Canada's main stock index futures slid
on Tuesday as U.S. oil futures continued to trade in the
negative after their first ever sub-zero dive on Monday,
furthering concerns of a global recession in the coming months.
    June futures on the S&P/TSX index  SXFc1  were down 1.71% at
7:00 a.m. ET (11:00 a.m. GMT).
    Retail sales data is due at 8:30 a.m. ET. 
    The Toronto Stock Exchange's S&P/TSX composite index
 .GSPTSE  ended 0.20% higher at 14,388.28 on Monday.
    Dow Jones Industrial Average e-mini futures  1YMc1  were
down 1.75% at 7:00 a.m. ET, while S&P 500 e-mini futures  ESc1 
were down 1.32% and Nasdaq 100 e-mini futures  NQc1  were down
0.72%.  .N 
    
     
    TOP STORIES  TOP/CAN 
    Teck Resources Ltd  TCKb.TO ,  TECK.N  reported a much
bigger-than-expected 84% plunge in quarterly profit, hit by
shutdowns due to the coronavirus outbreak and weak performance
in its energy unit.  urn:newsml:reuters.com:*:nL4N2C91RS
     Pipeline operator Enbridge Inc  ENB.TO  said on Monday it
would not ration capacity for May on North America's biggest oil
pipeline network, as Canada's oil producers deepen production
cuts to cope with low prices and weak demand.  urn:newsml:reuters.com:*:nL1N2C8174
    The London Stock Exchange said on Tuesday it was committed
to completing its $27 billion takeover of data company Refinitiv
in the second half of the year, with no plans to revise its
savings targets for the deal as a deep recession
beckons. urn:newsml:reuters.com:*:nL8N2C91XF
    
    
    ANALYST RESEARCH HIGHLIGHTS  RCH/CA 
    Fortis Inc  FTS.TO : JP Morgan raises target price to C$57
from C$55
    Linamar Corp  LNR.TO : CIBC cuts target price to C$40 from
C$43
    Stingray Group Inc  RAYa.TO : RBC cuts to sector perform
from outperform
    
    
    COMMODITIES AT 7:00 a.m. ET 
    Gold futures  GCc2 : $1683.5; -1.17%  GOL/ 
    US crude  CLc1 : $-6.4; +82.99%  O/R 
    Brent crude  LCOc1 : $21.69; -15.17%  O/R 
    
    
    U.S. ECONOMIC DATA DUE ON TUESDAY
    1000 Existing home sales for Mar: Expected 5.30 mln; Prior
5.77 mln
    1000 Existing home sales percentage change for Mar: Expected
-8.1%; Prior 6.5%
    
    
    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$1.42)

 (Reporting by Pooja Kesavan in Bengaluru; Editing by Rashmi
Aich)
 ((pooja.theikkattu@thomsonreuters.com))