CANADA STOCKS-Futures lower after weak Chinese data

Tue Mar 8, 2016 7:48am EST
 
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March 8 (Reuters) - Canada's main stock index looked set to open lower on Tuesday after another batch of weak data from China stoked concerns about the health of the global economy.

Exports from the world's second-biggest economy tumbled 25.4 percent in February, compared with the same month last year, while its imports dropped 13.8 percent.

March futures on the S&P TSX index were down 0.23 percent at 7:30 a.m. ET.

The Canadian Mortgage and Housing Corp releases housing starts data at 8:30 a.m. ET. The seasonally adjusted annualized rate of housing starts is expected to have increased to 180,000 units in February from 165,900 units in January.

Separately, the value of Canadian building permits is expected to have dropped 2.5 percent in January after rising 11.3 percent in December. The data is due at 8:30 a.m. ET.

The Toronto Stock Exchange's S&P/TSX composite index rose on Monday to a three-month high as mining and energy stocks gained on the back of higher oil and gold prices, while industrial and financial sector stocks also rallied.

Dow Jones Industrial Average e-mini futures were down 0.35 percent at 7:30 a.m. ET. S&P 500 e-mini futures were down 0.43 percent and Nasdaq 100 e-mini futures were down 0.52 percent.

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

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