June 30 (Reuters) - Canadian stocks looked set to start the week lower as investors awaited the country’s second-quarter growth data.
June futures on the S&P TSX index <0#SXF:> were down 0.15 percent at 0715 ET.
Growth data for April is due at 0830 ET. The economy is expected to grow by 0.2 percent in April, as analysts hope for a pickup in the second quarter after a winter induced slump in the first quarter.
The index rose on Friday as gains in shares of banks and insurers helped overcome concerns about sluggish economic data.
Dow Jones Industrial Average e-mini futures were down 0.2 percent at 0715 ET, while S&P 500 e-mini futures were down 0.17 percent. Nasdaq 100 e-mini futures were down 0.05 percent.
Thomson Reuters is revising its foreign exchange trading rules, the company said, following consultations with market participants.
Wal-Mart Stores Inc violated Quebec’s labor code when it closed a store in the province that had become one of the first in Canada to successfully unionize, the Supreme Court of Canada ruled on Friday.
Saudi Arabia’s Mobily has signed a $200 million vendor financing agreement with Canada’s export credit agency to buy equipment from Alcatel Lucent, the kingdom’s number two telecommunications operator said on Sunday.
COMMODITIES AT 0715 ET
Gold futures : $1,314.1; -0.45 pct
US crude : $105.34; -0.38 pct
Brent crude : $112.61; -0.61 pct
LME 3-month copper : $6,938.75; -0.09 pct
ANALYST RESEARCH HIGHLIGHTS
Canadian National Railway : Barclays raises rating to overweight
Lucara Diamond : Finncap raises target price to C$2.29 from C$1.72
TransCanada Corp : Citigroup raises to buy from neutral
U.S. ECONOMIC DATA DUE ON MONDAY
0945 Chicago PMI for June: Expected +63.0, prior +65.5
1000 Pending homes index for May: Prior +97.8
1000 Pending sales change mm for May: Expected +1.5 pct, prior +0.4 pct
1030 Dallas Fed manufacturing business index for June: Prior +8.00
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= $1.07 Canadian)
Canada markets will remain closed on Tuesday, July 1, in observance of Canada Day. Reporting by Mononshila Deka in Bangalore; Editing by Saumyadeb Chakrabarty
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