CANADA STOCKS-Futures indicate poor start to 2016

Mon Jan 4, 2016 7:34am EST
 
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Jan 4 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Monday after Chinese data rekindled global growth worries.

China's factory activity contracted for the 10th straight month in December and at a sharper pace than in November, a private survey showed, dampening hopes that the world's second-largest economy will enter 2016 on a more stable footing.

March futures on the S&P TSX index were down 1.49 percent at 7:30 a.m. ET.

The RBC Canadian Manufacturing Purchasing Managers' index for December is due at 9:30 a.m. ET

Canada's main stock index fell on Thursday despite a rally in crude oil prices, leaving the market down 11 percent in 2015 and closing out its worst year since the global financial crisis of 2008.

Dow Jones Industrial Average e-mini futures were down 1.78 percent at 7:30 a.m. ET, while S&P 500 e-mini futures were down 1.77 percent and Nasdaq 100 e-mini futures were down 2.06 percent.

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

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