CANADA STOCKS-Fall in oil prices weigh on index futures

Fri Feb 19, 2016 7:29am EST
 
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Feb 19 (Reuters) - Stock futures suggested a lower opening for Canada's main stock index on Friday as oil prices fell after a record build in U.S. crude inventories last week stoked concerns over persistent global oversupply.

Crude stocks rose by 2.1 million barrels to a peak of 504.1 million, data from the U.S. government's Energy Information Administration (EIA) showed on Thursday.

March futures on the S&P TSX index were down 0.5 percent at 7:15 a.m. ET.

Inflation numbers and retail sales data are due at 8:30 a.m. ET.

Annual inflation rate is expected to have edged up slightly in January to 1.7 percent from 1.6 percent in December. Last month's annual core inflation rate is estimated at 1.9 percent, same as the previous month. Meanwhile, retail sales in December are predicted to have dropped by 0.6 percent from November.

The Toronto Stock Exchange's S&P/TSX composite index gained for a fourth straight session on Thursday, sustaining a six-week high, as gold, consumer and telecom stocks rose.

Dow Jones Industrial Average e-mini futures were down 0.35 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.35 percent and Nasdaq 100 e-mini futures were down 0.40 percent.

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

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