3 Min Read
Dec 4 (Reuters) - Canada's main stock index futures pointed to a lower open on Wednesday as markets focused on U.S. economic data that might provide hints when the U.S. Federal Reserve will start to wind down its bond-buying stimulus.
* The recovery in the euro zone private sector lost momentum in November, according to a survey that again highlighted the growing disparity between some of the bloc's biggest economies.
* Japanese Prime Minister Shinzo Abe is readying a $182 billion economic package this week in his latest bid to pull the economy out of deflation, but the new measures will not require the government to sell more debt.
* EU antitrust regulators fined six financial institutions including Deutsche Bank, Royal Bank of Scotland and Citigroup a record total of 1.71 billion euros for rigging financial benchmarks.
* Standard Chartered warned that 10 years of record earnings are likely to end this year, with profit set to fall because of losses in Korea, a slowdown in its key Asian markets and tougher regulations.
* Canada stock futures traded down 0.25 percent
* U.S. stock futures , , were mixed around -0.15 percent to 0.14 percent
* European shares, were down COMMODITY PRICE MOVES
* Thomson Reuters-Jefferies CRB Index : 277.668; rose 0.27 percent
* Gold futures : $1,222; rose 0.02 percent
* US crude : $97.05; rose 1.05 percent
* Brent crude : $111.79; fell 0.74 percent
* LME 3-month copper : $7,008; rose 0.69 percent CANADIAN STOCKS TO WATCH
* Barrick Gold Corp : The gold producer will name Ned Goodman, a veteran Canadian money manager, as a director and James Gowans, a former De Beers Canada chief executive, as its new chief operating officer, Dow Jones reported, quoting a person familiar with the matter.
* BlackBerry : The interim chief executive recently appointed to revamp the mobile phone maker is in it "for the long haul", the company's largest shareholder Prem Watsa told Reuters.
National Bank : Canada's sixth-largest lender, announced a 2-for-1 stock split and raised its dividend after reporting a 4 percent fall in fourth-quarter profit. ANALYSTS' RECOMMENDATIONS
Following is a summary of research actions on Canadian companies reported by Reuters.
* Bank of Montreal : CIBC cuts price target to C$77 from C$78 as it reported fourth-quarter EPS below expected
* Copper Mountain Mining Corp : Raymond James cuts price target to C$3.25 from C$3.75 as a result of dilution from the equity raise
* Kelt Exploration Ltd : CIBC raises price target to C$13 from C$9.50, says the company's acquisition in Alberta looks very attractive for shareholders ON THE CALENDAR
* Major Canadian economic data includes exports, imports, trade balance and BOC rate decision
* Major U.S. events and data includes ADP employment, international trade, PMI and ISM non-manufacturing