CANADA STOCKS-TSX set to open lower as weak global data dents sentiment

Thu Oct 2, 2014 12:41pm BST

Related Topics

Oct 2 (Reuters) - Canada's main stock index looked set for a
lower start on Thursday as weak global manufacturing activity
and an Ebola health scare in the United States spooked world
markets.
     December futures on the S&P TSX index <0#SXF:> were down
0.14 percent at 0740 ET.
    No major economic events are scheduled for Thursday 
    The index dropped to a near four-month low on Wednesday as
worries about a slowdown in U.S. factory activity and news of
the first confirmed case of Ebola in the United States fueled a
broad selloff. 
    U.S. stocks looked set to recover on Thursday, however. Dow
Jones Industrial Average e-mini futures were up 0.07
percent at 0740 ET, while S&P 500 e-mini futures were up
0.15 percent and Nasdaq 100 e-mini futures were up 0.16
percent. 
    (Morning News Call newsletter link.reuters.com/nex49s;
 The Day Ahead newsletter link.reuters.com/mex49s)

    TOP STORIES 
    Struggling Sears Holdings Corp said it would raise
up to $380 million by selling most of its stake in Sears Canada
Inc through a rights issue, generating liquidity ahead
of the crucial holiday shopping season. 
    The pace of growth in the Canadian manufacturing sector
cooled last month as production slowed and new orders for
exports stalled, data showed on Wednesday. 
     Canadian Pacific Railway Ltd aims to boost its
annual revenue to C$10 billion ($8.96 billion) in 2018 and more
than double earnings per share over the next four years, Chief
Executive Hunter Harrison said on Wednesday. 

    COMMODITIES AT 0720 ET 
    Gold futures : $1,213.60; -0.08 pct 
    US crude : $88.72; -2.23 pct 
    Brent crude : $92.03; -2.26 pct 
    LME 3-month copper : $6,661; +0.28 pct 

    ANALYST RESEARCH HIGHLIGHTS 
    Canadian Pacific Railway Ltd : Raymond James raises
to strong buy from outperform
    Encana Corp : Deutsche Bank raises to buy -
Theflyonthewall.com

    U.S. ECONOMIC DATA DUE ON THURSDAY
    0830 Initial jobless claims: Expected 297,000; Prior 293,000
    0830 Jobless claims 4-wk avg: Prior 298,500
    0830 Continued jobless claims: Expected 2.438 mln Prior
2.439 mln
    0945 ISM-New York index for Sep: Prior 648.0                
                   
    1000 Durables ex-def, rev. mm for Aug: Prior -19.0 pct
    1000 Durable goods, rev. mm for Aug: Prior -18.2 pct
    1000 Factory orders mm for Aug: Expected -9.3 pct; Prior
+10.5 pct
    1000 Durables ex-transpt rev mm for Aug: Prior +0.7 pct
    1000 Nondef cap ex-air rev mm for Aug: Prior +0.6 pct
    1000 Factory ex-trans mm for Aug: Prior -0.8 pct
    FOR CANADIAN MARKETS NEWS, CLICK ON CODES: 
    TSX market report 
    Canadian dollar and bonds report  
    Reuters global stocks poll for Canada 
 
    Canadian markets directory 

    ($1= $1.11 Canadian)

 (Reporting by Benny Thomas in Bangalore; Editing by Ted Kerr)
FILED UNDER:
 
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.