Aug 6 (Reuters) - Futures for Canada’s main stock index fell on Tuesday, as investors returned after an extended weekend amid a fragile mood in global markets.
Canadian markets were closed for Civic Holiday on Monday, when global markets tumbled following an escalation in the U.S.-China trade war that also crushed any lingering hopes for a quick resolution of the dispute.
September futures on the S&P/TSX index were down 2.43% at 7:00 a.m. ET on Tuesday, even as the rout in global markets eased after China kept the yuan on a leash.
The Toronto Stock Exchange’s S&P/TSX fell 105.38 points, or 0.64%, to 16,271.66 on Friday.
Dow Jones Industrial Average e-mini futures were up 0.75% at 7:00 a.m. ET, while S&P 500 e-mini futures were up 0.8% and Nasdaq 100 e-mini futures were up 0.91%.
Australia’s Aveo Group said Brookfield Asset Management Inc had offered A$1.27 billion ($861.6 million) in cash to acquire the retirement-home operator.
ANALYST RESEARCH HIGHLIGHTS
Cineplex Inc: Canaccord Genuity cuts target price to C$31 from C$32
Hudbay Minerals Inc: Credit Suisse cuts target price to C$8.75 from C$11.50
Telus Corp: Desjardins cuts target price to C$55.50 from C$56.50
COMMODITIES AT 7:00 a.m. ET
Gold futures: $1467.1; -0.04 percent
US crude: $54.84; +0.27 percent
Brent crude: $59.82; +0.02 percent
U.S. ECONOMIC DATA DUE ON TUESDAY
1000 JOLTS job openings for June: Expected 7.317 mln; Prior 7.323 mln
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$1.32) ($1 = 1.47 Australian dollars) (Reporting by Pathikrit Bandyopadhyay in Bengaluru; Editing by Sriraj Kalluvila)
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