CANADA STOCKS-TSX futures lower as Ukraine tension rises
March 3 (Reuters) - The rising possibility of war between Ukraine and Russia reduced investor appetite for riskier assets and pushed Canada's stock index futures lower on Monday. TOP STORIES * Ukraine said Russia was building up armored vehicles on its side of a narrow stretch of water near the Ukrainian region of Crimea. Russian President Vladimir Putin said he had the right to invade his neighbor, prompting a selloff in Russian assets. * Growth in euro-zone factory activity eased last month from January's 2-1/2-year high, but for the first time in almost three years, output rose in all of the bloc's four biggest economies, a survey showed. * China's services sector regained momentum in February but its manufacturing sector struggled, according to separate surveys, with the divergence adding to the difficulty in assessing the strength of the economy at the start of 2014. * Magna International Inc, one of the world's largest auto parts suppliers, posted a 31 percent jump in quarterly profit on a pickup in vehicle production in North America and Europe. The company also raised its dividend. * Tyco International Ltd, a maker of fire safety and security systems, is selling its South Korean security business to private equity firm Carlyle Group LP for $1.93 billion. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ To receive an early email of Reuters Morning News Call - Canada, a preview of market-moving news, Thomson Reuters subscribers can register at ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ MARKET SNAPSHOT * Canada stock futures <0#SXF:> traded down 0.6 percent * U.S. stock futures <0#SP:>, <0#DJ:>, <0#ND:> fell nearly 1 percent * European shares were off nearly 2 percent COMMODITY PRICE MOVES * The Thomson Reuters-Jefferies CRB Index : 306.5143; rises 1.1 percent * Gold futures : $1,345.1, up 1.79 percent * U.S. crude : $104.62, up 2 percent * Brent crude : $111.97, up 3.1 percent * LME 3-month copper : $6,959, off 0.77 percent CANADIAN STOCKS TO WATCH * TransCanada Corp : Police arrested hundreds of young people protesting the company's Keystone XL project on Sunday. Demonstrators fastened themselves with plastic ties to fences at the White House and called for U.S. President Barack Obama to reject the controversial oil pipeline. ANALYSTS' RECOMMENDATIONS Following is a summary of research actions on Canadian companies, as reported by Reuters. * Genworth MI Canada Inc : CIBC raises to sector outperformer from sector performer and boosts price target to C$42 from C$36 on expectations the company's earnings per share would increase by 18 percent. * TVA Group Inc : CIBC cuts to sector underperformer from sector performer after the company reported weak fourth-quarter results and a lack of dividend. * Western Energy Services Corp : CIBC raises the target price to C$10.50 from C$9.25, citing the company's above-consensus fourth-quarter results. ON THE CALENDAR * Major Canadian economic data includes producer price index and RBC manufacturing PMI * Major U.S. events and data includes personal consumption, ISM manufacturing and domestic vehicle sales data ($1= $1.10 Canadian) (Reporting by Ayesha Sruti Ahmed in Bangalore; Editing by Jeffrey Benkoe)
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