CANADA STOCKS-TSX looks set to open lower

Thu May 8, 2014 9:22am EDT
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(Updates after release of economic data)

May 8(Reuters) - Canadian stocks looked set to open lower, with June futures on the S&P TSX index <0#SXF:> down 0.26 percent at 0920 ET even after better-than-expected Canadian and U.S. economic data.

The index advanced on Wednesday as market-supportive comments from Federal Reserve Chair Janet Yellen helped to fuel gains in energy and financial shares.

Dow Jones Industrial Average futures were up 0.08 percent at 0920 ET while S&P 500 futures were down 0.25 percent and Nasdaq 100 futures were down 0.37 percent.

Canadian housing starts picked up more than expected in April, though it was unlikely to sway expectations that the country's housing market is stabilizing.

U.S. initial jobs claims data was also better than expected.

(Morning News Call newsletter; The Day Ahead newsletter

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