CANADA STOCKS-TSX set for lower open due to global tensions

Thu Mar 26, 2015 7:34am EDT
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March 26 (Reuters) - Tracking global markets, stock futures pointed to a lower opening for Canada's main stock index on Thursday after Saudi Arabia and its allies launched air strikes on Yemen.

June futures on the S&P TSX index were down 0.09 percent at 7:15 a.m. ET.

Warplanes from Saudi Arabia and Arab allies struck Shi'ite Muslim rebels fighting to oust Yemen's president on Thursday, a gamble by the world's top oil exporter to check Iranian influence in its backyard without direct military backing from Washington.

No major economic events are scheduled.

Canada's main stock index fell 1 percent on Wednesday, weighed down by heavyweight banks and insurers, while a bounce in oil prices helped some of the country's biggest oil and gas producers.

Dow Jones Industrial Average e-mini futures were down 0.7 percent at 7:15 a.m. ET, S&P 500 e-mini futures were down 0.69 percent and Nasdaq 100 e-mini futures were down 1.05 percent. (Morning News Call newsletter; The Day Ahead newsletter


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