August 26, 2013 / 12:24 PM / 4 years ago

CANADA STOCKS-TSX may open lower as oil prices slip

August 26 (Reuters) - Canada's main stock index looked set to open flat to slightly lower on Monday after hitting a one-week high on Friday, with a slip in oil prices expected to weigh on energy stocks.

TOP STORIES

* Italy's centre left will not accept any "blackmail" from its centre-right coalition partner, its leader said, after Silvio Berlusconi's party threatened to bring down the government if he is ejected from parliament.

* Amgen Inc struck a deal to buy cancer drug maker Onyx Pharmaceuticals Inc for about $10.4 billion on Sunday, as it moves to restock its product pipeline in response to declining sales of its flagship anemia drugs.

* Anadarko Petroleum Corp said it agreed to sell a 10 percent stake in a gas field offshore Mozambique to a unit of India's Oil & Natural Gas Corp for $2.64 billion in cash, as the U.S. oil company looks to focus more on its domestic assets.

* ING Groep edged closer to completing its year-and-a-half-old Asia divestment plan after private equity firm MBK Partners agreed to buy its South Korean insurance unit for total cash proceeds of 1.84 trillion won.

MARKET SNAPSHOT

* Canada stock futures traded down 0.11 percent

* U.S. stock futures , , were down around 0.17 percent to 0.06 percent

* European shares, were down

COMMODITY PRICE MOVES

* Thomson Reuters-Jefferies CRB Index : 291.6223; rose 0.09 percent

* Gold futures : $1,394.2; fell 0.11 percent

* US crude : $106.14; fell 0.26 percent

* Brent crude : $110.55; fell 0.44 percent

* LME 3-month copper : $7,360; rose 0.55 percent

ANALYSTS' RECOMMENDATIONS

Following is a summary of research actions on Canadian companies reported by Reuters.

* Kinross Gold Corp : National Bank Financial raises target price to C$7.55 from C$7.25, says the company's balance sheet strength outweighs the inevitability of production declines

ON THE CALENDAR

* No major Canadian economic data scheduled for the day

* Major U.S. events and data includes durable goods

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below