CANADA STOCKS-TSX futures weighed down by lower oil prices

Tue Apr 18, 2017 7:39am EDT
 
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April 18 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Tuesday as an expected surge in U.S. shale oil output in May weighed on oil prices.

U.S. government's drilling data showed shale production next month was set to rise to 5.19 million barrels per day (bpd), with output from the Permian play, the largest U.S. shale region, expected to reach a record 2.36 million bpd.

June futures on the S&P TSX index were down 0.43 percent at 7:15 a.m. ET.

Canada's main stock index posted its biggest gain in more than six weeks on Monday as heavyweight banking stocks bounced back from a recent slip and several industrial miners also gained as Chinese data showed surprising growth.

Statistics Canada will release its report on foreign investment in Canadian securities and foreign securities bought by Canadians. The data is due at 8:30 a.m. ET,

Dow Jones Industrial Average e-mini futures were down 0.09 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.25 percent and Nasdaq 100 e-mini futures were down 0.22 percent.

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