CANADA STOCKS-TSX futures point to lower start for Canadian stocks

Tue May 6, 2014 9:04am EDT
 
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(Updates Canada and U.S. economic data)

May 6 (Reuters) - Canadian stocks looked set to open lower on Tuesday after data showed Canada's trade surplus plunged in March.

June futures on the S&P TSX index <0#SXF:> down 0.22 percent at 0850 ET after being down 0.12 percent just before the data was released.

Canada's trade surplus fell to just C$79 million in March from C$847 million in February as exports dropped and imports rose, Statistics Canada said.

PMI data is due at 1000 ET

The index dropped on Monday as disappointing economic data from China and violence in Ukraine spurred declines in almost every major sector.

Dow Jones Industrial Average futures were up 0.02 percent at 0850 ET while, S&P 500 futures were down 0.15 percent and Nasdaq 100 futures were down 0.15 percent. The U.S. trade deficit also narrowed in March as exports rebounded.

(Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)   Continued...