June 26, 2015 / 11:30 AM / 2 years ago

CANADA STOCKS-Futures edge lower ahead of Greece debt talks

3 Min Read

June 26 (Reuters) - Stock futures pointed to a slightly lower opening for Canada's main stock index on Friday on uncertainty ahead of debt negotiations between Greece and its creditors.

Demands for tax increases and pension cuts that Greece's creditors are setting as conditions for the disbursement of aid are putting the country in an impossible position, its finance minister said.

September futures on the S&P TSX index were down 0.08 percent at 7:15 a.m. ET.

No major economic events are scheduled for the day.

Canada's main stock index finished lower on Thursday, pulled down by a hefty retreat in energy names that snapped a three-session rally.

Dow Jones Industrial Average e-mini futures were up 0.22 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.18 percent and Nasdaq 100 e-mini futures were up 0.08 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)

Top Stories

Shares in German potash miner K+S leapt almost 40 percent on Friday after a takeover proposal from Canada's Potash Corp which sources close to the matter said was worth more than 7 billion euros.

Fairfax India Holdings, a fund set up by Canadian investor Prem Watsa to target Indian assets, is set to take a majority stake in logistics firm National Collateral Management Services, two sources familiar with the matter said.

Mexican conglomerate Alfa said on Thursday the offer it and Harbour Energy have made to buy oil company Pacific Rubiales is "full, fair and final."

COMMODITIES AT 7:15 a.m. ET

Gold futures : $1,172.7; +0.1 pct

US crude : $59.48; -0.0.37 pct

Brent crude : $63.16; -0.1 pct

LME 3-month copper : $5,756.0; -0.3 pct

Analyst Research Highlights

Continental Gold : CIBC raises target to C$5.25 from C$5

Empire Co : Barclays raises target price to C$95 from C$91

Manulife Financial : Canaccord Genuity raises target to C$27 from C$26

u.s. Economic Data Due on Friday

1000 U Mich Sentiment Final for Jun: Expected +94.6; Prior +94.6

1000 U Mich Conditions Final for Jun: Expected +106.7; Prior +106.8

1000 U Mich Expectations Final for Jun: Expected +86.9; Prior +86.8

1000 U Mich 1year inflation final for Jun: Prior +2.7 pct

1000 U Mich 5-year inflation final for Jun: Prior +2.7 pct

1030 ECRI Weekly Index: Prior +134.3

1030 ECRI weekly annualized: Prior +1.0 pct

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$1.23 Reporting by Nandi Kaul in Bengaluru; Editing by Maju Samuel

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