CANADA STOCKS-Futures fall on lower oil prices

Wed Dec 14, 2016 7:36am EST
 
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Dec 14 (Reuters) - Canada stock futures were lower on Wednesday as oil prices fell and ahead of a widely expected U.S. interest rate hike.

Oil fell more than 1 percent after industry data showed an unexpected rise in U.S. inventories and on concerns that the OPEC may have produced more crude in November.

The U.S. Federal Reserve will conclude its two-day policy meeting later in the day, with an interest rate increase all but assured, and will issue new forecasts assessing whether the economic outlook has changed since the U.S. election.

December futures on the S&P TSX index were down 0.2 percent at 7:15 a.m. ET.

December Thomson Reuters/Ipsos Primary Consumer Sentiment Index data is due at 11:00 a.m. ET.

Canada's main stock index rose to a fresh 19-month high on Tuesday, led by gains in heavyweight energy and banking stocks, while materials stocks weighed.

Dow Jones Industrial Average e-mini futures were up 0.01 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.03 percent and Nasdaq 100 e-mini futures were up 0.08 percent.

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