Aug 29 (Reuters) - Canada’s main stock index was set to open lower on Tuesday as investors turned cautious after North Korea fired a missile over Japan’s northern Hokkaido island, sparking concerns of fresh tension between Washington and Pyongyang.
A decline in oil prices also weighed on index futures as markets grappled with the damage caused by hurricane Harvey.
September futures on the S&P TSX index were down 0.66 percent at 7:15 a.m. ET.
Canada producer prices data for July is due at 8:30 a.m. ET .
Canada’s main stock index was little changed on Monday as a decline in U.S. crude oil prices weighed on shares of energy companies, offsetting a gain in the gold-mining sector.
Dow Jones Industrial Average e-mini futures were down 0.43 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.53 percent and Nasdaq 100 e-mini futures were down 0.77 percent.
Bank of Nova Scotia, Canada’s third-biggest lender, reported stronger than expected third-quarter results, driven by a robust performance of its domestic and international operations.
Bank of Montreal reported third-quarter earnings which were ahead of expectations, driven by strong growth of its Canadian retail and wealth management businesses.
Canadian lender Home Capital Group Inc named Canaccord Genuity Group Inc veteran Brad Kotush as its chief financial officer, effective September 1.
ANALYST RESEARCH HIGHLIGHTS
Toromont Industries Ltd: Canaccord Genuity raises rating to “buy” from “hold”, raises target price to C$58 from C$50
Polaris Materials Corp: Eight Capital cuts rating to “neutral” from “buy”, raises price to C$2.79 from C$1.15
COMMODITIES AT 7:15 a.m. ET
Gold futures: $1318.2; +0.65 percent
US crude: $46.64; +0.15 percent
Brent crude: $51.66; -0.44 percent
LME 3-month copper: $6806; +2.1 percent
U.S. ECONOMIC DATA DUE ON TUESDAY
0900 CaseShiller 20 mm SA for June: Expected 0.2 pct; Prior 0.1 pct
0900 CaseShiller 20 mm NSA for June: Expected 0.8 pct; Prior 0.8 pct
0900 CaseShiller 20 yy for June: Expected 5.7 pct; Prior 5.7 pct
1000 Consumer Confidence for Aug: Expected 120.3; Prior 121.1
1030 Texas Services Sector Outlook for Aug: Prior 10.5
1030 Dallas Fed Services Revenue for Aug: Prior 15.7
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 Shradha Singh in Bengaluru; Editing by Shounak Dasgupta)
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