August 23, 2018 / 11:26 AM / a month ago

CANADA STOCKS-Futures lower on weak oil, U.S.-China tariffs

Aug 23 (Reuters) - Canada's main stock index futures were lower on Thursday, dragged down by a drop in oil prices and as new tariffs took effect in the Sino-U.S. trade spat.

September futures on the S&P/TSX index were down 0.16 percent at 7:15 a.m. ET.

The Toronto Stock Exchange's S&P/TSX closed up on Wednesday.

Dow Jones Industrial Average e-mini futures were up 0.02 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.01 percent and Nasdaq 100 e-mini futures were down 0.04 percent.

TOP STORIES

Canadian Imperial Bank of Commerce reported third-quarter earnings that beat market expectations with the help of strong performances from all its businesses.

Bombardier Inc on Wednesday appointed Danny Di Perna as its aerospace unit's chief operating officer.

ANALYST RESEARCH HIGHLIGHTS

Royal Bank Of Canada: Eight Capital raises price target to C$122 from C$119

COMMODITIES AT 7:15 a.m. ET

Gold futures: $1196.5; -0.57 percent

US crude: $68; + 0.21 percent

Brent crude: $74.73; -0.07 percent

LME 3-month copper: $5950; -0.92 percent

U.S. ECONOMIC DATA DUE ON THURSDAY

0800 Building permits R number for July: Prior 1.311 mln

0800 Building permits R change mm for July: Prior 1.5 pct

0830 Initial jobless claims: Expected 215,000; Prior 212,000

0830 Jobless claims 4-week average: Prior 215,500

0830 Continued jobless claims: Expected 1.731 mln; Prior 1.721 mln

0900 Monthly home price mm for June: Prior 0.2 pct

0900 Monthly home price yy for June: Prior 6.4 pct

0900 Monthly Home Price Index for June: Prior 263.3

0945 Markit Composite Flash PMI for Aug: Prior 55.7

0945 Markit Manufacturing PMI Flash for Aug: Expected 55; Prior 55.3

0945 Markit Services PMI Flash for Aug: Expected 55.9; Prior 56

1000 New home sales-units for July: Expected 0.645 mln; Prior 0.631 mln

1000 New home sales change mm for July: Expected 2.2 pct; Prior -5.3 pct

1100 KC Fed Manufacturing for Aug: Prior 22

1100 KC Fed Composite Index for Aug: Prior 23

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$1.31 Reporting by Swathi Nair in Bengaluru

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