CORRECTED-CANADA STOCKS-Futures lower on concerns over Trump

Wed May 17, 2017 8:02am EDT
 
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(Corrects numbers under the "commodities" section)

May 17 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Wednesday, mirroring trends in global stocks as investors showed concerns about political turmoil in the United States.

Concern that U.S. President Donald Trump's reform agenda could be slowed down, and that Trump himself could even face the threat of impeachment, added to disappointing U.S. economic data to hit the dollar and spur a pullback from richly valued stocks.

June futures on the S&P TSX index were down 0.16 percent at 7:15 a.m. ET.

Investors will also watch for manufacturing sales data, which is likely to have jumped 1 percent in March, rebounding from a 0.2 percent fall in February. The data is due at 8:30 a.m. ET.

Canada's main stock index fell on Tuesday as bank and energy shares, pinched by housing market jitters and lower oil prices, weighed on the market.

Dow Jones Industrial Average e-mini futures were down 0.35 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.35 percent and Nasdaq 100 e-mini futures were down 0.28 percent.

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