CANADA STOCKS-Futures lower as weak China data fuels caution

Mon Feb 1, 2016 7:29am EST
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Stock futures pointed to a lower opening for Canada's main stock index on Monday as investors turned cautious after weak manufacturing data from China and Europe.

China's manufacturing activity contracted at its fastest pace in almost 3-1/2 years in January, suggesting the world's second-largest economy was off to a weak start in 2016.

Manufacturing growth also slowed in the euro zone at the start of 2016.

March futures on the S&P TSX index were down 0.66 percent at 7:15 a.m. ET.

The RBC Canadian Manufacturing PMI data is due at 9:30 a.m. ET.

The Toronto Stock Exchange's S&P/TSX composite index jumped on Friday as investors cheered the Bank of Japan's bold move to stimulate growth, while rising oil prices and an accommodative royalty update in Alberta boosted energy stocks.

Dow Jones Industrial Average e-mini futures were down 0.49 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.52 percent and Nasdaq 100 e-mini futures were up/down 0.47 percent.

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