CANADA STOCKS-Canadian stocks poised for a lower start

Tue Sep 23, 2014 9:07am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds Canadian retail sales data)

Sep 23 - Stock futures pointed to a lower opening for Canada's main stock index on Tuesday as conflict intensified in the Middle East and the U.S. Treasury moved to curb "tax inversion" deals.

December futures on the S&P TSX index <0#SXF:> down 0.25 percent at 0850 ET.

Canadian retail sales slipped unexpectedly in July, falling 0.1 percent from June's record level after six straight monthly rises, according to Statistics Canada data released on Tuesday.

The United States and Arab allies bombed Syria for the first time on Tuesday, pursuing a campaign against militants into a war at the heart of the Middle East.

The Toronto Stock Exchange's S&P/TSX composite index declined to its lowest in six weeks on Monday with worries about an economic slowdown in China and a drop in commodity prices weighing on shares of natural resource producers.

But a preliminary HSBC survey showed on Tuesday that China's manufacturing sector expanded at a slightly faster pace in September even as employment fell to a 5-1/2-year low.

Dow Jones Industrial Average e-mini futures were down 0.35 percent at 0850 ET, S&P 500 e-mini futures were down 0.34 percent and Nasdaq 100 e-mini futures were down 0.37 percent.

(Morning News Call newsletter; The Day Ahead newsletter   Continued...