CANADA STOCKS-Futures indicate lower start on weak global econ data

Thu Nov 20, 2014 7:39am EST
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Nov 20 (Reuters) - Stock futures pointed to a lower start for Canada's main stock index on Thursday as investors grew cautious after weak economic data from Europe and China raised concerns over global growth prospects.

The China flash HSBC/Markit manufacturing purchasing managers' index showed factory output contracted in the world's second biggest economy for the first time in six months.

The signs in Europe were just as gloomy as the private sector in its biggest economy, Germany, grew at the slowest rate in 16 months and in France, a slight pickup was overshadowed by the fastest drop in new business in over a year.

December futures on the S&P TSX index were down 0.29 percent at 7.30 a.m. ET.

Wholesale trade data is due at 8.30 a.m. ET.

The Toronto Stock Exchange's S&P/TSX composite index shrugged off the much-anticipated minutes of the latest U.S. Federal Reserve policy meeting and closed little changed on Wednesday despite a sharp drop in gold miners' shares.

Dow Jones Industrial Average e-mini futures were down 0.4 percent at 7.30 a.m. ET, while S&P 500 e-mini futures were down 0.46 percent and Nasdaq 100 e-mini futures were down 0.47 percent. (Morning News Call newsletter; The Day Ahead newsletter

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