(Reuters) – Futures for Canada’s main stock index fell on Monday, dragged down by weakness in oil prices as a surge in coronavirus cases in China and restrictions across the globe triggered concerns over global fuel demand.
Brent crude futures and U.S. West Texas Intermediate crude futures shed 1.32% and 0.77%, respectively.
Germany reported an increase in coronavirus cases even as most of Europe was under the strictest restrictions, while China saw its biggest daily increase in infections in more than five months.
December futures on the S&P/TSX index were down 0.17% at 7:00 a.m. ET.
The Toronto Stock Exchange’s S&P/TSX composite index ended 0.01% lower at 18,025.20 on Friday.
Dow Jones Industrial Average e-mini futures were down 0.64% at 7:00 a.m. ET, while S&P 500 e-mini futures were down 0.52% and Nasdaq 100 e-mini futures NQc1 were down 0.38%.
TOP STORIES [TOP/CAN]
Toronto-Dominion Bank will defend itself in a trial starting in a Canadian court on Monday in which liquidators of the collapsed Antigua bank of former Texas financier Robert Allen Stanford are seeking $5.5 billion in damages.
ANALYST RESEARCH HIGHLIGHTS [RCH/CA]
Barrick Gold Corp: National Bank of Canada raises to “outperform” from “sector perform”
Dye & Durham Ltd: Scotiabank reinstates coverage with “sector outperform” rating
Royal Bank of Canada: National Bank of Canada raises PT to C$117 from C$113
COMMODITIES AT 7:00 a.m. ET
Gold futures: $1850.8; +0.84% [GOL/]
US crude: $51.84; -0.77% [O/R]
Brent crude: $55.25; -1.32% [O/R]
U.S. ECONOMIC DATA DUE ON MONDAY
1000 Employment Trends for Dec: Prior 98.81
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report [.TO]
Canadian dollar and bonds report [CAD/] [CA/]
Reuters global stocks poll for Canada
Canadian markets directory
($1= C$1.28)
(Reporting by Amal S in Bengaluru; Editing by Krishna Chandra Eluri)
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