CANADA STOCKS-Futures point to a lower start on global growth concerns

Mon Nov 17, 2014 7:54am EST
 
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Nov 17 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Monday after an unexpected economic contraction in Japan added to worries about global growth.

The world's third-largest economy unexpectedly shrank by an annualized 1.6 percent in July-September.

December futures on the S&P TSX index were down 0.16 percent at 7:45 a.m. ET.

Canadian Securities data is due at 8:30 a.m. ET.

The Toronto Stock Exchange's S&P/TSX composite index advanced on Friday, recording its 5th straight weekly gain as natural resource shares jumped on the back of surging commodity prices. Bullish U.S. economic data provided further support.

Dow Jones Industrial Average e-mini futures were down 0.18 percent at 7:45 a.m. ET, while S&P 500 e-mini futures were down 0.23 percent and Nasdaq 100 e-mini futures were down 0.15 percent.

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

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