Feb 13 (Reuters) - Canada's main stock index futures fell on Thursday, mirroring global equity markets, as a surge in new coronavirus cases in China stoked panic amongst investors.
The Chinese province at the epicentre of the coronavirus outbreak reported a record rise in deaths and thousands more cases on Thursday under a new diagnostic method, raising fresh questions about the scale of the crisis.
Oil prices fell on Thursday after OPEC and IEA reports cut back demand forecasts for this year on the back of the coronavirus outbreak in China, the world's biggest oil importer.
March futures on the S&P/TSX index were down 0.57% at 7:00 a.m. ET.
The Toronto Stock Exchange's TSX ended 0.31% higher at 17,832.85 on Wednesday.
Dow Jones Industrial Average e-mini futures were down 0.69% at 7:00 a.m. ET, while S&P 500 e-mini futures were down 0.68% and Nasdaq 100 e-mini futures were down 0.78%.
Canada's biggest life insurers reported increases in core quarterly profit on Wednesday as gains in earnings from wealth and asset management helped offset slower growth elsewhere. Manulife Financial Corp missed estimates as earnings from Canada fell 5.6%, while Sun Life Financial beat expectations despite only posting 2% increase in profit from its Asian business, its traditional growth driver.
Caltex Australia Ltd said Canada's Alimentation Couche-Tard Inc has raised its buyout offer to A$8.80 billion ($5.93 billion), in a final attempt to sway the oil refiner and convenience store firm after interest from Britain's EG Group.
Canadian Tire Corp Ltd CTCa.TO beat quarterly profit estimates on Thursday, buoyed by strength in the diversified retailer's credit card business and strong demand at its retail stores.
Acadian Timber Corp: CIBC raises target price to C$18 from C$17
Hydro One Ltd: RBC raises target price to C$30 from C$26
Western Forest Products Inc: RBC raises rating to sector perform from underperform
COMMODITIES AT 7:00 a.m. ET
Gold futures: $1,573.2; +0.28%
US crude: $51.00; -0.31%
Brent crude: $55.37; -0.75%
0830 Core CPI mm, SA for Jan: Expected 0.2%; Prior 0.1%
0830 Core CPI yy, NSA for Jan: Expected 2.2%; Prior 2.3%
0830 CPI Index, NSA for Jan: Expected 257.863; Prior 256.974
0830 Core CPI Index, SA for Jan: Prior 265.92
0830 CPI mm, SA for Jan: Expected 0.2%; Prior 0.2%
0830 CPI yy, NSA for Jan: Expected 2.4%; Prior 2.3%
0830 Real weekly earnings mm for Jan: Expected 0.1%; Prior -0.1%
0830 (approx.) CPI mm NSA for Jan: Prior -0.090%
0830 (approx.) CPI Index SA for Jan: Prior 258.500
0830 Initial jobless claims : Expected 210,000; Prior 202,000
0830 Jobless claims 4-week average : Prior 211,750
0830 Continued jobless claims : Expected 1.745 mln; Prior 1.751 mln
1100 Cleveland fed CPI for Jan: Prior 0.2%
TSX market report
Canadian dollar and bonds report
Reuters global stocks poll for Canada
Canadian markets directory
$1 = 1.33 Canadian dollars Reporting by Yoganand KN in Bengaluru; Editing by Shinjini Ganguli