CANADA STOCKS-Futures lower after China turmoil, slide in oil

Thu Jan 7, 2016 7:37am EST
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Jan 7 (Reuters) - Stock futures pointed to a sharply lower opening for Canada's main stock index on Thursday after China guided the yuan aggressively lower and oil prices slid to their lowest in more than a decade.

The People's Bank of China again surprised markets by setting the official midpoint rate on the yuan 0.5 percent weaker at 6.5646 per dollar, the lowest since March 2011.

March futures on the S&P TSX index were down 2.05 percent at 7:30 a.m. ET.

Data on Ivey PMI is due at 10:00 a.m. ET.

The Toronto Stock Exchange's S&P/TSX composite index fell for a sixth straight session on Wednesday as energy shares tracked crude oil prices lower, while heavyweight banks and railways declined on rising geopolitical tensions and growth worries.

Dow Jones Industrial Average e-mini futures were down 2.16 percent at 7:30 a.m. ET, while S&P 500 e-mini futures were down 2.18 percent and Nasdaq 100 e-mini futures were down 2.79 percent.

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