Aug 28 (Reuters) - Canada’s main stock index futures were trading modestly lower on Monday, tracking losses in U.S. oil prices as markets tried to gauge Tropical Storm Harvey’s impact on oil production and refinery demand.
September futures on the S&P TSX index were down 0.08 percent at 7:15 a.m. ET.
Canada’s main stock index inched lower on Friday, caught between a plunge in Tahoe Resources Inc and jumps in shares of retailer Hudson Bay Co and construction company Aecon Group.
Dow Jones Industrial Average e-mini futures were down 0.09 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.02 percent and Nasdaq 100 e-mini futures were down 0.04 percent.
U.S. President Donald Trump renewed his threat to scrap NAFTA and ripped on trading partners Canada and Mexico in a tweet early on Sunday, days before the three countries were scheduled to hold a second round of negotiations on rewriting the 23-year-old agreement.
The new chief executive of German department store chain Kaufhof, owned by Canada’s Hudson’s Bay Co, denied reports that the group was in a dispute with a lender consortium, in an interview by German weekly Welt am Sonntag.
ANALYST RESEARCH HIGHLIGHTS
Northern Dynasty Minerals Ltd: BMO starts with “market perform” rating, C$2.5 target price
COMMODITIES AT 7:15 a.m. ET
Gold futures: $1293.5; +0.08 percent
US crude: $47.46; -0.86 percent
Brent crude: $52.64; rose 0.44 percent
LME 3-month copper: $6704; +0.24 percent
U.S. ECONOMIC DATA DUE ON MONDAY
0830 Advance goods trade balance for July: Prior -$64.01 bln
0830 Advance wholesale inventory for July: Prior 0.7 pct
0830 Advance retail inventory ex auto for July: Prior 0.5 pct
1030 Dallas Fed Manufacturing Business Index for Aug: Prior 16.80
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$1= C$1.25 Reporting by Nikhil Kumar in Bengaluru; Editing by Maju Samuel
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