June 14, 2016 / 11:22 AM / a year ago

CANADA STOCKS-Futures drop as oil tumbles over Brexit worries

3 Min Read

June 14 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Tuesday, as oil prices fell more than 1 percent following investor concerns over next week's vote on Britain's future in the European Union.

June futures on the S&P TSX index were down 0.22 percent at 7:15 a.m. ET.

No major economic events are scheduled for the day.

Canada's main stock index fell for the fourth straight day on Monday, hitting a nearly three-week low as global jitters about whether Britain will vote to leave the European Union weighed, but losses were restrained by gains in resource stocks.

Dow Jones Industrial Average e-mini futures were down 0.19 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.23 percent and Nasdaq 100 e-mini futures were down 0.30 percent.

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

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Gold futures : $1,280.60; -0.30 pct

US crude : $48.19; -1.41 pct

Brent crude : $49.64; -1.41 pct

LME 3-month copper : $4,523.00; -0.75 pct

Analyst Research Highlights

Canadian Natural Resources Ltd : RBC raises target to C$50 from C$43

First Quantum Minerals Ltd : Goldman Sachs reinstates coverage with "sell" rating

u.s. Economic Data Due on Tuesday

0830 Import prices mm for May: Expected 0.7 pct; Prior 0.3 pct

0830 Export prices mm for May: Expected 0.3 pct; Prior 0.5 pct

0830 Retail sales mm for May: Expected 0.3 pct; Prior 1.3 pct

0830 Retail sales ex-autos mm for May: Expected 0.4 pct; Prior 0.8 pct

0830 Retail ex gas/autos for May: Prior 0.6 pct

0830 Retail control for May: Expected 0.3 pct; Prior 0.9 pct

0855 Redbook mm: Prior -1.0 pct

0855 Redbook yy: Prior 0.6 pct

1000 Business inventories mm for Apr: Expected 0.2 pct; Prior 0.4 pct

For Canadian Markets News, Click on Codes:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory ($1= C$1.28) (Reporting by Riniki Sanyal in Bengaluru)

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