CANADA STOCKS-Futures flat as investors await Yellen's speech

Fri Aug 26, 2016 7:31am EDT
 
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August 26 (Reuters) - Stock futures pointed to a flat opening for Canada's main stock index on Friday as investors awaited a speech by U.S. Federal Reserve Chair Janet Yellen for a clearer picture on U.S. rate hikes.

Investors were wary of Yellen hinting at a near-term interest rate hike, which could divert some of the liquidity that has underpinned riskier assets worldwide, though others predicted she would strike a more equivocal note.

September futures on the S&P TSX index were down 0.05 percent at 7:15 a.m. ET.

Canada's main share index edged higher on Thursday as the materials group pared some recent losses before the start of a global central bankers' gathering and Canadian Imperial Bank of Commerce rose after better-than-expected earnings.

Dow Jones Industrial Average e-mini futures were down 0.02 percent at 7:15 a.m. ET. S&P 500 e-mini futures were unchanged and Nasdaq 100 e-mini futures were down 0.05 percent.

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

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