CANADA STOCKS-Futures indicate lower start on weak data, Italy downgrade

Mon Dec 8, 2014 7:36am EST
 
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Dec 8 (Reuters) - Stock futures pointed to a lower start for Canada's main stock index on Monday as weak data from Asia and a cut in Italy's credit rating to just a notch above junk raised concerns over global economic growth.

December futures on the S&P TSX index were down 0.28 percent at 7.15 a.m. ET.

Building permits data is due at 7.00 p.m. ET

Canada's main stock index ended flat on Friday, rattled by lusterless bank earnings and weakness in oil and gas shares, a day after its biggest single-day drop in 18 months.

Dow Jones Industrial Average e-mini futures were down 0.27 percent at 7.15 a.m. ET, while S&P 500 e-mini futures were down 0.18 percent and Nasdaq 100 e-mini futures were down 0.41 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)

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