European banks fell sharply, led by Deutsche Bank (ETR:DBKGn) and UBS, on mounting worries that the crisis in the sector was showing no signs of easing. [MKTS/GLOB]
March futures on the S&P/TSX index were down 0.7% at 7:17 a.m. ET.
Crude oil prices fell on lower demand prospects after U.S. Energy Secretary Jennifer Granholm said refilling the country’s Strategic Petroleum Reserve (SPR) may take several years. [O/R]
Among company news, Enbridge (NYSE:ENB) Inc said it was “disappointed” by the U.S. Army Corps of Engineers’ decision to extend the federal permitting process for the oil distributor’s proposed Great Lakes Tunnel.
Western Copper (NYSE:WRN) and Gold Corp said Mitsubishi Materials Corp has agreed to acquire a 5% stake in the miner for $C2.63 per share.
Investors also await Canada’s retail sales data for January, which is expected to rise 0.7%, as per a Reuters poll, from a 0.5% increase in the previous month.
In the previous session, the Toronto Stock Exchange’s S&P/TSX composite index closed down 0.4% to a six-day low, dragged down by energy and financial stocks. (TO)
Dow e-minis were down 326 points, or 1.01%, at 7:17 a.m. ET, while S&P 500 e-minis were down 33 points, or 0.83%, and Nasdaq 100 e-minis were down 67.25 points, or 0.52%. [.N]
COMMODITIES AT 7:00 a.m. ET
Gold futures: $2,002; +0.3% [GOL/]
US crude: $67.42; -3.63% [O/R]
Brent crude: $73.4; -3.64% [O/R]
U.S. ECONOMIC DATA DUE ON FRIDAY
Feb Durable Goods due at 8:30 a.m. ET
March S&P Global (NYSE:SPGI) composite PMI data due at 9:45 a.m. ET
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 = 1.3769 Canadian dollars)
Source: Economy - investing.com
