CANADA STOCKS--TSX set to open lower, China manufacturing data weighs

Wed Apr 23, 2014 8:01am EDT
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April 23 - Stock futures indicated lower opening for Canadian shares on Wednesday as signs of a slowing Chinese economy and worries about Ukraine offset some positive European economic data.

Chinese factory activity shrank for the fourth straight month in April but private businesses across the euro zone enjoyed their best month in nearly three years.

June futures on the S&P TSX index <0#SXF:> were down 0.02 percent at 0745 ET.

Retail sales data for Feb is due at 0830 ET

The S&P TSX index rose on Tuesday, helped by a surge in shares of Valeant Pharmaceuticals International Inc after it offered to buy Botox maker Allergan Inc and an upbeat outlook from Canadian Pacific Railway Ltd .

Dow Jones Industrial Average futures were down 0.03 percent at 0745 ET, S&P 500 futures were down 0.09 percent and Nasdaq 100 futures were down 0.18 percent.

(Morning News Call newsletter; The Day Ahead newsletter

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