Oct. 17 Canadian stock futures were lower on
Monday after comments from U.S. Federal Reserve Chair Janet
Yellen about the health of the economy unnerved investors.
Yellen, in a speech at a conference of policymakers and
academics on Friday, laid out the deepening concern at the
central bank that U.S. economic potential is slipping and may
need aggressive steps to rebuild.
December futures on the S&P TSX index were down 0.15
percent at 7:15 a.m. ET.
Canadian securities data is due at 8:30 a.m. ET
Canada's main stock index fell on Friday as a stronger U.S.
dollar pressured gold prices and energy companies scrambled to
Dow Jones Industrial Average e-mini futures were
down 0.15 percent at 7:15 a.m. ET, while S&P 500 e-mini futures
were down 0.18 percent and Nasdaq 100 e-mini futures
were down 0.26 percent.
(Morning News Call newsletter link.reuters.com/nex49s
; The Day Ahead newsletter link.reuters.com/mex49s)
Rogers Communications Inc named Joseph Natale as
chief executive officer and reported a 3.2 percent rise in
Supervalu Inc said it would sell its Save-A-Lot
business to Canadian private equity firm Onex Corp for
Canadian manufacturing workers at Fiat Chrysler Automobiles
voted on Sunday to approve a tentative labor agreement
with the automaker, their union said, averting a strike and
clearing the way for talks with Ford Motor Co.
ANALYST RESEARCH HIGHLIGHTS
Teck Resources Ltd : RBC raises price target to
C$30 from C$23.
Oceanagold Corp : Barclays raises rating to
"overweight" from "equal weight".
COMMODITIES AT 7:15 a.m. ET
Gold futures : $1,253.4; -0.05 pct
US crude : $50.43; +0.14 pct
Brent crude : $52.17; +0.64pct
LME 3-month copper : $4,688.50; +0.29 pct
U.S. ECONOMIC DATA DUE ON MONDAY
0830 NY Fed Manufacturing for Oct: Expected 1.00; Prior
0915 Industrial output mm for Sep: Expected 0.2 pct; Prior
0915 Capacity utilization mm for Sep: Expected 75.6 pct;
Prior 75.5 pct
0915 Manufacturing output mm for Sep: Expected 0.1 pct;
Prior -0.4 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
(Reporting by Nivedita Balu; Editing by Anil D'Silva)