CANADA STOCKS-Futures fall as investors eye U.S. debate, oil meet

Mon Sep 26, 2016 7:31am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Sept 26 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Monday, as oil prices fluctuated and ahead of a major U.S. presidential debate.

Oil prices were up as the world's largest producers gathered in Algeria to discuss ways to support the market but implied volatility rose to its highest since April 18, when a meeting in Doha among OPEC members to discuss an output freeze ended in an impasse.

The first face-off between Republican Donald Trump and Democrat Hillary Clinton will take place at 9:00 p.m. ET, with investors looking for indications of who could win the race to lead the world's biggest economy.

December futures on the S&P TSX index were down 0.38 percent at 7:15 a.m. ET.

Canada's benchmark stock index fell on Friday after a strong rally earlier this week, with energy stocks slipping on slumping oil prices on growing skepticism that a deal to curb output could be struck next week.

Dow Jones Industrial Average e-mini futures were down 0.49 percent at 7:15 a.m. ET. S&P 500 e-mini futures were down 0.47 percent and Nasdaq 100 e-mini futures were down 0.59 percent.

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

TOP STORIES   Continued...