Jan 26 (Reuters) - Stock futures pointed to a lower start for Canada’s main stock index on Monday as prices of metals, including gold and copper, fell after an anti-austerity party won elections in Greece, raising concerns over economic stability in Europe.
March futures on the S&P TSX index were down 0.15 percent at 7.15 a.m. ET.
No economic data is due on Monday.
Canada’s main stock index edged higher on Friday and recorded a sharp weekly gain as investors welcomed moves by the Bank of Canada and the European Central Bank earlier this week.
Dow Jones Industrial Average e-mini futures were down 0.35 percent at 7.15 a.m. ET, while S&P 500 e-mini futures were down 0.29 percent and Nasdaq 100 e-mini futures were down 0.13 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)
Struggling Canadian wireless operator Mobilicity will not bid for more airwaves in one upcoming government auction and the company is trying to secure funding to participate in another, its court-appointed monitor said in a filing on the company’s website.
COMMODITIES AT 7.15 a.m. ET
Gold futures : $1,290.60; -0.15 pct
US crude : $45.03; -1.23 pct
Brent crude : $48.17; -1.27 pct
LME 3-month copper : $54,65.50; -0.98 pct
ANALYST RESEARCH HIGHLIGHTS
Suncor Energy Inc : NBF raises target to C$40 from C$38
Canadian Oil Sands Ltd : NBF cuts price target to C$8 from C$10
Long Run Exploration Ltd : NBF cuts to “sector perform” from “outperform”
U.S. ECONOMIC DATA DUE ON MONDAY
1030 Dallas Fed Manufacturing Business Index for Jan: Prior 4.10
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$1.25) (Reporting by Abhinav Kaul in Bengaluru; Editing by Kirti Pandey)
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