CANADA STOCKS-Futures lower as oil prices tumble

Mon Dec 14, 2015 7:48am EST
 
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Dec 14 (Reuters) - Stock futures pointed to a lower start for Canada's main stock index on Monday as oil prices fell for the seventh straight session.

Oil prices came close to 11-year lows on Monday on growing fears that the global oil glut would worsen in the months to come in a pricing war between leading OPEC and non-OPEC producers.

December futures on the S&P TSX index were down 0.52 percent at 7:30 a.m. ET.

No major economic events are scheduled for the day.

Canada's main stock index saw renewed selling pressure on Friday after a two-day respite, recording its weakest close in more than two years, including deep losses for financial and energy stocks as crude oil prices hit fresh lows.

Dow Jones Industrial Average e-mini futures were down 0.40 percent at 7:30 a.m. ET, while S&P 500 e-mini futures were up 0.34 percent and Nasdaq 100 e-mini futures were down 0.36 percent.

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

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