Stock futures for markets in Canada’s biggest centre were lower on Thursday, after weak Chinese trade data sparked concerns that recovery in the world's second-largest economy may be faltering.
The S&P/TSX Composite recovered 69.37 points to conclude Wednesday at 14,618.97, with December futures off 0.3% Thursday.
The Canadian dollar moved up 0.14 cents to 75.46 cents U.S. early Thursday.
Germany's Constitutional Court cleared the government to approve a trade accord between the European Union and Canada under defined conditions, boosting the agreement's chances of passing an EU vote next week.
Desjardins raised the target price on Advantage Oil & Gas to $11.00 from $10.00
Barclays raised the target price on Sun Life Financial to $45.00 from $44.00
Barclays raised the target price on Manulife Financial to $20.00 from $19.00
China's exports fell 10% in September from a year earlier, far worse than expected, while imports unexpectedly shrank after picking up in August.
Economically speaking here at home, Statistics Canada reported that its new housing price index rose 0.2% in August from July.
The agency also says, while prices were up in eight census metropolitan areas, the increase was largely attributable to new housing prices in the combined region of Toronto and Oshawa.
ON BAYSTREET
The TSX Venture Exchange fell 2.12 points Wednesday to 770.55.
ON WALL STREET
U.S. stock index futures pointed to a sharply lower open on Thursday as traders digested the release of data and earnings.
Ahead of the opening bell, futures for the Dow Jones Industrials skidded 112 points, or 0.6%, to 17,941 while futures for the S&P 500 fell 13.5 points, or 0.6%, to 2,118. NASDAQ futures faded 31.25 points, or 0.7%, at 4,782.25
Infosys is among the companies due to report after the bell. Friday will see Citigroup, JPMorgan and Wells Fargo report. Delta Air Lines reported mixed results Thursday, with earnings per share beating expectations while revenues missed. Winnebago also posted quarterly results before the bell.
On the data front, jobless claims held at a 43-year low last week, while U.S. import prices rose less than expected. Export prices, meanwhile, rose 0.3%.
Oil prices dipped six cents to $50.12 U.S. a barrel
Gold prices gained $4.80 to $1,258.60 U.S. an ounce.
Related Stories
