March 26, 2015 / 11:44 AM / in 3 years

TSX set for lower open due to global tensions

(Reuters) - Tracking global markets, stock futures pointed to a lower opening for Canada’s main stock index on Thursday after Saudi Arabia and its allies launched air strikes on Yemen.

A Toronto Stock Exchange (TSX) logo is seen in Toronto November 9, 2007. REUTERS/Mark Blinch

June futures on the S&P TSX index SXFc1 were down 0.09 percent at 7:15 a.m. ET.

Warplanes from Saudi Arabia and Arab allies struck Shi‘ite Muslim rebels fighting to oust Yemen’s president on Thursday, a gamble by the world’s top oil exporter to check Iranian influence in its backyard without direct military backing from Washington.No major economic events are scheduled ECONCA.

Canada’s main stock index fell 1 percent on Wednesday, weighed down by heavyweight banks and insurers, while a bounce in oil prices helped some of the country’s biggest oil and gas producers.

Dow Jones Industrial Average e-mini futures 1YMc1 were down 0.7 percent at 7:15 a.m. ET, S&P 500 e-mini futures ESc1 were down 0.69 percent and Nasdaq 100 e-mini futures NQc1 were down 1.05 percent. [.N]

TOP STORIES [TOP/CAN]

Canadian yogawear retailer Lululemon Athletica Inc (LULU.O) forecast a weaker-than-expected profit in the first quarter, months after it said margins would dip in 2015 as it continues to invest in improving quality and solving supply-chain problems.

A senior executive at BCE Inc’s (BCE.TO) Bell Media unit apologized on Wednesday for interfering in editorial coverage after Canada biggest communications company was harshly rebuked by the country’s broadcast regulator.

Three Canadian National Railway Co (CNR.TO) derailments in the same area in three weeks are a significant problem and cannot be explained away as a fluke of nature, Canadian Transport Minister Lisa Raitt said in an interview on Wednesday.

Reporting by Nandi Kaul in Bengaluru; Editing by Simon Jennings

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