Nov 16 (Reuters) - Canada stock futures fell on Wednesday, along with oil prices as industry data showed an unexpected build in U.S. crude stocks in the previous week.
December futures on the S&P TSX index were down 0.36 percent at 7:15 a.m. ET.
Crude oil prices dropped more than 1 percent, returning some of the gains made in one of the year’s biggest rallies a day earlier.
That had helped Canada’s main stock index notch its biggest gain since September on Tuesday.
Dow Jones Industrial Average e-mini futures were down 0.25 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.34 percent and Nasdaq 100 e-mini futures were down 0.35 percent.
Canadian manufacturing sales slipped 0.1 percent in September after increasing 0.9 percent in August, a report due at 8:30 a.m. ET is expected to show.
Canadian grocery and pharmacy retailer Loblaw Cos Ltd reported a 25.5 percent rise in quarterly profit, helped by a drop in expenses and improved performances by its financial services and property businesses.
ANALYST RESEARCH HIGHLIGHTS
First Quantum Minerals : Goldman Sachs raises target price to C$8 from C$5.50
Great-West Lifeco Inc : CIBC raises target price to C$36 from C$35
Whitecap Resources : Desjardins raises target price to C$12 from C$11.50
COMMODITIES AT 7:15 a.m. ET
Gold futures : $1,222.6; -0.15 pct
US crude : $45.19; -1.35 pct
Brent crude : $46.43; -1.11 pct
LME 3-month copper : $5,484.50; -0.76 pct
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0830 PPI final demand yy for Oct: Expected +1.2 pct; Prior +0.7 pct
0830 PPI final demand mm for Oct: Expected +0.3 pct; Prior +0.3 pct
0830 PPI ex food/energy yy for Oct: Expected +1.5 pct; Prior +1.2 pct
0830 PPI ex food/energy mm for Oct: Expected +0.2 pct; Prior +0.2 pct
0830 PPI ex food/energy/transport yy for Oct: Prior +1.5 pct
0830 PPI ex food/energy/transport mm for Oct: Prior +0.3 pct
0915 Industrial output mm for Oct: Expected +0.2 pct; Prior +0.1 pct
0915 Capacity utilization mm for Oct: Expected +75.5 pct; Prior +75.4 pct
0915 Manufacturing output mm for Oct: Expected +0.3 pct; Prior +0.2 pct
1000 NAHB Housing Market Index for Oct: Expected 63; Prior 63
1600 Net L-T flows,exswaps for Sep: Prior +$48.3 bln
1600 Foreign buying, T-bonds for Sep: Prior -$24.8 bln
1600 Overall net capital flow for Sep: Prior +$73.8 bln
1600 Net L-T flows,including swaps for Sep: Prior +$31.1 bln
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$1.35) (Reporting by Nivedita Balu in Bengaluru; Editing by Savio D’Souza)
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