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CANADA STOCKS-TSX futures inch lower on weaker commodities

June 28 (Reuters) - Futures for Canada’s main stock index fell on Monday, a day after closing at a record high, as both crude and gold prices traded within a tight range.

Spot gold fell 0.18% as investors remained on the sidelines given the U.S. Federal Reserve’s mixed signals on policy tightening.

Brent Crude and West Texas Intermediate both fell over 0.2%. A spike in COVID-19 cases in Asia put a brake on a rally in oil prices last week, before this week’s OPEC+ meeting.

June futures on the S&P/TSX index were down 0.11% at 7:00 a.m. ET.

The Toronto Stock Exchange’s S&P/TSX composite index ended 0.07% higher at 20,230.26 on Friday.

Dow Jones Industrial Average e-mini futures were down 0.13% at 7:00 a.m. ET, while S&P 500 e-mini futures were flat and Nasdaq 100 e-mini futures were up 0.2%.

TOP STORIES

Canada's real estate service provider Brookfield Business Partners LP announced on Sunday an agreement to acquire UK-based Modulaire Group IPO-MODU.L, backed by private equity firm TDR capital, for $5 billion.

ANALYST RESEARCH HIGHLIGHTS

Granite REIT: TD Securities raises target price to C$94 from C$92

Mainstreet Equity Corp: TD Securities raises target price to C$105 from C$90

Richelieu Hardware Ltd: TD Securities starts coverage with “hold” rating

COMMODITIES AT 7:00 a.m. ET

Gold futures: $1776.7; -0.02%

US crude: $73.95; -0.14%

Brent crude: $75.98; -0.26%

U.S. ECONOMIC DATA DUE ON MONDAY

1030 Dallas Fed Manufacturing Business Index for Jun : Prior 34.90

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$1.23) (Reporting by Amal S in Bengaluru; Editing by Shounak Dasgupta)

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