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CANADA STOCKS-TSX futures slip on renewed trade war fears

Mon, 02nd Apr 2018 12:22

April 2 (Reuters) - Futures for Canada's main stock indexwere lower on Monday amid renewed concerns over a trade warafter China imposed additional tariffs on U.S. products.

China has slapped extra tariffs of up to 25 percent on 128U.S. products including frozen pork, as well as wine and certainfruits and nuts, in response to U.S. duties on imports ofaluminium and steel.

June futures on the S&P TSX index were down 0.3percent at 7:15 a.m. ET.

Canada's Markit Manufacturing PMI data for March is due at10:30 a.m. ET

Canada's main stock index notched its biggest gain in morethan six weeks on Thursday, led by resource and financialshares, but still suffered its deepest quarterly decline intwo-and-a-half years.

Dow Jones Industrial Average e-mini futures weredown 0.43 percent at 7:15 a.m. ET, while S&P 500 e-mini futureswere down 0.44 percent and Nasdaq 100 e-mini futureswere down 0.88 percent.

(Morning News Call newsletter http://tmsnrt.rs/2fwPLTh; The DayAhead newsletter http://tmsnrt.rs/2ggOmBi)

TOP STORIES

Canadian printing company Transcontinental Incsaid it would buy U.S.-based plastics packager Coveris Americasfor $1.32 billion.

Goldcorp Inc made the first gold deposit on TradewindMarkets' new digitized trading platform, the companies said onThursday, with 3,000 ounces of bullion from its Red Lake minecomplex in Ontario.

Toronto Dominion Bank Chief Executive Bharat Masranisaid on Thursday the bank's commercial clients were nervousabout the outcome of talks to update the North American FreeTrade.

ANALYST RESEARCH HIGHLIGHTS

Hudbay Minerals Inc: Eight Capital raises pricetarget to C$16 from C$15.50?

Prometic Life Sciences Inc: TD Securities cutsprice target to C$2 from C$3.50

Tidewater Midstream and Infrastructure Ltd: CIBCcuts price target to C$2.35 from C$2.45

COMMODITIES AT 7:15 a.m. ET

Gold futures: $1330.9; up 0.61 percent

US crude: $65.2; up 0.4 percent

Brent crude: $69.75; up 0.59 percent

LME 3-month copper: $6740.5; up 1.13 percent

U.S. ECONOMIC DATA DUE ON MONDAY

0945 Markit Manufacturing PMI Final for March: Prior 55.71000 Construction spending mm for Feb: Expected 0.6 pct; Prior0.0 pct

1000 ISM Manufacturing PMI for March: Expected 60 .0; Prior60.8

1000 ISM Manufacturing Prices Paid for March: Expected 74.5; Prior 74.2

1000 ISM Manufacturing Employment Index for March: Prior59.7

1000 ISM Manufacturing New Orders Index for March: Prior64.2

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$1.29)(Reporting by Pathikrit Bandyopadhyay in Bengaluru)

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