UPDATE 1-CANADA STOCKS-TSX may open lower after OPEC shuns output cut

Fri Nov 28, 2014 8:49am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds econ data)

Nov 28 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Friday as oil prices slumped after Organization of the Petroleum Exporting Countries decided to refrain from cutting output despite a supply glut.

December futures on the S&P TSX index were down 0.18 percent at 8.30 a.m. ET.

Budget balance data is due at 10 a.m. ET.

Canada's main stock index declined on Thursday as oil prices plunged after the outcome of an OPEC meeting disappointed investors, dragging down shares of energy companies.

Dow Jones Industrial Average e-mini futures were down 0.12 percent at 8.30 a.m. ET, S&P 500 e-mini futures were up 0.01 percent, while Nasdaq 100 e-mini futures were up 0.27 percent.

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