CANADA STOCKS-TSX poised to open lower ahead of U.S. jobs report

Fri Aug 1, 2014 7:31am EDT
 
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Aug 1 (Reuters) - Canadian stocks looked set to open lower on the last trading day of the week, as investors remained on the sidelines ahead of the key U.S. jobs report.

September futures on the S&P TSX index <0#SXF:> were down 0.25 percent at 0715 ET.

August data for manufacturing PMI is due at 0930 ET.

The TSX index tumbled on Thursday after a default by Argentina stoked worries about other emerging-market economies, while shares of Valeant Pharmaceuticals International dropped sharply after the drugmaker cut its forecast.

Dow Jones Industrial Average e-mini futures were down 0.59 percent at 0715 ET, while S&P 500 e-mini futures were down 0.60 percent. Nasdaq 100 e-mini futures were down 0.68 percent.

U.S. job growth likely cooled a bit in July, but retained enough momentum to suggest the economy remained on solid ground.

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

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