CANADA STOCKS-TSX set to open lower on global economy worries

Tue Oct 14, 2014 7:36am EDT
 
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Oct 14 (Reuters) - Stock futures pointed to a lower opening
for Canada's main stock index on Tuesday as deepening worries
about the health of the global economy unnerved investors.
    December futures on the S&P TSX index were down 1.61
percent at 0720 ET.
    No major economic events are scheduled for Tuesday.
    The country's main stock index recorded its
biggest drop in more than a year and hit a six-month low on
Friday as worries about global economic growth hit shares in
every major market sector. 
    Dow Jones Industrial Average e-mini futures were up
0.10 percent at 0720 ET on Tuesday, S&P 500 e-mini futures
 were up 0.16 percent and Nasdaq 100 e-mini futures 
were up 0.18 percent. 
    
 (Morning News Call newsletter link.reuters.com/nex49s;
The Day Ahead newsletter link.reuters.com/mex49s)
    
    TOP STORIES 
    Canadian Pacific Railway Ltd has approached CSX Corp
 about merging the two North American railroad operators
to create a transcontinental carrier worth more than $60
billion, according to the Wall Street Journal. 
    
    COMMODITIES AT 0720 ET 
    Gold futures : $1,235.90; +0.54 pct 
    US crude : $84.79; -1.11 pct 
    Brent crude : $87.79; -1.24 pct 
    LME 3-month copper : $6,754.75; +0.67 pct 
    
    ANALYST RESEARCH HIGHLIGHTS 
    Canadian Pacific Railway Ltd : UBS starts with "buy"
rating; price target C$263
    Canadian Tire Corp : Canaccord Genuity raises
target to C$138 from C$123; rating "buy"
    Lumenpulse Inc : National Bank Financial resumes
coverage with "outperform rating"
    
    U.S. ECONOMIC DATA DUE ON TUESDAY
    No major economic events are scheduled.
    
    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$1.12)

 (Reporting by Benny Thomas in Bangalore; Editing by Joyjeet
Das)