Sept 5 (Reuters) - Canada’s main stock index futures edged lower on Tuesday as traders were cautious due to lingering geopolitical tensions over North Korea’s sixth and most powerful nuclear test on Sunday.
September futures on the S&P TSX index were down 0.02 percent at 7:15 a.m. ET.
Canada’s main stock index slipped on Friday as retailers pulled back on investor fears about the threat posed to their business by Amazon’s Whole Foods Market acquisition a day after the index hit a three-week high.
Dow Jones Industrial Average e-mini futures were down 0.28 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.25 percent and Nasdaq 100 e-mini futures were down 0.15 percent.
Canada’s Cenovus Energy Inc said it would sell its Pelican Lake heavy oil operations in Alberta for C$975 million and the oil company is also considering sale of other assets to reduce debt.
Trade negotiators from Canada, the United States and Mexico have made headway on issues including energy, small businesses and telecommunications in talks to revamp the North American Free Trade Agreement, the head of a top business lobby said on Monday.
ANALYST RESEARCH HIGHLIGHTS
Metro Inc: TD Securities cuts price target to C$44 from C$49
Primero Mining Corp: RBC cuts target price to C$0.10 from C$0.80
COMMODITIES AT 7:15 a.m. ET
Gold futures: $1332.3; +0.59 percent
US crude: $48; +1.5 percent
Brent crude: $52.73; +0.75 percent
LME 3-month copper: $6938.5; +0.31 percent
U.S. ECONOMIC DATA DUE ON TUESDAY
0945 ISM-New York Index for Aug: Prior 745.5
0945 ISM NY Business Conditions for Aug: Prior 62.8
1000 Employment Trends for Aug: Prior 133.8
1000 Durables ex-defense, R mm for July: Prior -7.8 pct
1000 Durable goods, R mm for July: Prior -6.8 pct
1000 Factory orders mm for July: Expected -3.3 pct; Prior 3.0 pct
1000 Durables ex-transport R mm for July: Prior 0.5 pct
1000 Nondefense cap ex-air R mm for July: Prior 0.4 pct
1000 Factory ex-transport mm for July: Prior -0.2 pct
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$1.24) (Reporting by Pathikrit Bandyopadhyay in Bengaluru; Editing by Shounak Dasgupta)
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