CANADA STOCKS-Futures point to lower start a day after Fed boost

Thu Mar 17, 2016 7:38am EDT
 
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March 17 (Reuters) - Stock futures pointed to a lower start for Canada's main stock index on Thursday, giving up gains made a day earlier after the U.S. Federal Reserve cut the number of rate hikes it expects this year to two from four.

March futures on the S&P TSX index were down 0.68 percent at 7:15 a.m. ET.

Data on wholesale trade prices is due at 8:30 a.m. ET .

Canada's main stock index rose on Wednesday as energy stocks gained, albeit less than oil prices, as the U.S. dollar plunged after the Fed's statement.

Dow Jones Industrial Average e-mini futures were down 0.36 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.38 percent and Nasdaq 100 e-mini futures were down 0.47 percent.

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

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