Canada Stocks: Futures down as virus fears eclipse stimulus hopes

DRC Gold

02/03/2020 12:39

March 2 (Reuters) - Canada's main stock index futures fell
on Monday as a rise in coronavirus cases dampened investor
sentiment, despite expectations of a global policy stimulus.
    March futures on the S&P/TSX index  SXFc1  were down 1.46%
at 7:00 a.m. ET.
    Canada's Markit Manufacturing PMI data is due at 9:30 a.m.
ET 
    The Toronto Stock Exchange's S&P/TSX index fell 2.72% to
16,263.05 on Friday.  urn:newsml:reuters.com:*:nL5N2AS986
    Dow Jones Industrial Average e-mini futures  1YMc1  were
down 0.72% at 7:00 a.m. ET, while S&P 500 e-mini futures  ESc1 
were down 0.98% and Nasdaq 100 e-mini futures  NQc1  were down
0.53%.  .N 
    
     
    TOP STORIES  TOP/CAN 
    AJN Resources  AJN.CD  has scrapped a plan to purchase a 10%
stake in Congo's biggest gold mine from state-owned gold firm
SOKIMO, buckling under pressure from Barrick, the operator and
45% stakeholder of the Kibali mine which opposed the deal.
 urn:newsml:reuters.com:*:nL5N2AV003
    Canadian Prime Minister Justin Trudeau, in his first major
climate change speech this year, will reach out on Monday to
businesses, indigenous groups and citizens for help in defining
his ambitious plan to cut carbon emissions, a senior government
official said.  urn:newsml:reuters.com:*:nL8N2AU121
    Canadian authorities on Sunday reached a tentative deal with
an indigenous group in the Pacific province of British Columbia
that could end solidarity protests across Canada that have been
blocking rail lines and roads for weeks.  urn:newsml:reuters.com:*:nL8N2AU0ZY
    Canadian National Railway Co  CNR.TO  has started calling
back many of the 450 workers it laid off earlier this month in
eastern Canada, when blockades crippled operations on strategic
rail lines, according to a company email sent to customers on
Friday.  urn:newsml:reuters.com:*:nL2N2AS2WO
    
    ANALYST RESEARCH HIGHLIGHTS  RCH/CA 
    Altagas Ltd  ALA.TO : National Bank of Canada raises target
price to C$26 from C$25
    Newmont  NGT.TO : National Bank of Canada raises target
price to C$75 from C$66
    Onex Corp  ONEX.TO : Canaccord Genuity cuts target price to
C$94 from C$97
    
    COMMODITIES AT 7:00 a.m. ET 
    Gold futures  GCc2 : $1605.1; +2.45%  GOL/ 
    US crude  CLc1 : $45.15; +0.87%  O/R 
    Brent crude  LCOc1 : $50.21; +1.09%  O/R 
    
    U.S. ECONOMIC DATA DUE ON MONDAY
    0945 Markit Manufacturing PMI Final for Feb: Prior 50.8
    1000 Construction spending mm for Jan: Expected 0.7%; prior
-0.2%
    1000 ISM Manufacturing PMI for Feb: Expected 50.4; prior
50.9
    1000 ISM Manufacturing Prices Paid for Feb: Expected 51.5;
prior 53.3
    1000 ISM Manufacturing Employment Index for Feb: Prior 46.6
    1000 ISM Manufacturing New Orders Index for Feb: Prior 52.0
    
    FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
    TSX market report  .TO 
    Canadian dollar and bonds report  CAD/   CA/ 
    Reuters global stocks poll for Canada  EQUITYPOLL1 
 EPOLL/CA 
    Canadian markets directory  CANADA 
    ($1= C$1.34)

 (Reporting by Nachiket Tekawade in Bengaluru;
Editing by Vinay Dwivedi)
 ((Nachiket.tekawade@thomsonreuters.com))