March 21 (Reuters) - Canadian stock futures were slightly lower on Monday, as oil prices fell under pressure from signs that some U.S. producers increased drilling and from uncertainty over a meeting of the world’s major exporters next month to discuss freezing output.
June futures on the S&P TSX index were down 0.05 percent at 7:15 a.m. ET.
Canada’s main stock index fell on Friday, erasing the week’s gains with a pullback in energy and banking stocks as well as slips in telecom and consumer staples names offsetting modest gains for industrial and materials stocks.
Dow Jones Industrial Average e-mini futures were up 0.09 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.09 percent and Nasdaq 100 e-mini futures were up 0.11 percent.
(Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)
TOP STORIES
Canada’s Pacific Exploration & Production Corp said it chose not to make an interest payment due March 28, as the company works with debtholders to restructure debt.
COMMODITIES AT 7:15 a.m. ET
Gold futures : $1,245.00; -0.70 pct
US crude : $39.14; -0.76 pct
Brent crude : $41.13; -0.17 pct
LME 3-month copper : $5,069.50; +0.55 pct
ANALYST RESEARCH HIGHLIGHTS
Valeant Pharmaceuticals : Mizuho Securities cuts target price to $18 from $70
U.S. ECONOMIC DATA DUE ON MONDAY
0830 National Activity Index for Feb: Prior 0.28
1000 Existing home sales for Feb: Expected 5.34 mln; Prior 5.47 mln
1000 Existing home sales percentage change for Feb: Expected -2.2 pct; Prior 0.4 pct
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report
Canadian dollar and bonds report
Reuters global stocks poll for Canada
Canadian markets directory ($1= C$1.30) (Reporting by Riniki Sanyal in Bengaluru; Editing by Sriraj Kalluvila)
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