August 14, 2019 / 11:28 AM / 3 months ago

CANADA STOCKS-TSX futures fall on lower crude prices

Aug 14 (Reuters) - Futures for Canada’s main stock index were down on Wednesday, as oil prices dropped on concerns over weaker economic data from Europe and China.

September futures on the S&P/TSX index were down 0.49% at 7:15 a.m. ET.

TR IPSOS primary consumer sentiment index data is due at 11:00 a.m. ET

The Toronto Stock Exchange S&P/TSX composite index closed up 113.07 points, or 0.70%, at 16,350.84 on Tuesday.

Dow Jones Industrial Average e-mini futures were down 0.92% at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.89% and Nasdaq 100 e-mini futures were down 0.96%.

TOP STORIES

Canada Goose Holdings Inc’s, first-quarter revenue beat analysts’ estimates, as the company sold more expensive jackets and parkas to department stores and opened several retail outlets.

Air Canada said it will launch a direct Seattle-Montreal service next spring with its new A220-300 jets, as the carrier eyes new routes to grow its share of lucrative international transit traffic to and from the United States.

Australia’s Aveo Group said it had signed a deal with units of Brookfield Asset Management under which the Canadian firm will buy the Australian retirement home operator for A$1.27 billion.

ANALYST RESEARCH HIGHLIGHTS

Absolute Software Corp: Canaccord Genuity raises rating to buy from hold

Centerra Gold: National Bank of Canada raises rating to outperform from sector perform

Franco-Nevada Corp: JP Morgan raises target price to C$117 from C$110

COMMODITIES AT 7:15 a.m. ET

Gold futures: $1511.9; +0.51 percent

US crude: $55.95; -2.01 percent

Brent crude: $60.32; -1.6 percent

U.S. ECONOMIC DATA DUE ON WEDNESDAY

0830 Import prices mm for Jul: Expected 0.0%; Prior -0.9%

0830 Export prices mm for Jul: Expected 0.0%; Prior -0.7%

1100 TR IPSOS PCSI for Aug: Prior 62.48

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 Siddharth Athreya V in Bengaluru; Editing by Shailesh Kuber

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