RTRS: TSX set to start big earnings week little changed
(Reuters) - Canadian stocks looked set to start a heavy earnings week little changed, as fresh rounds of European sanctions on Russia weighed on investor sentiment.
September futures on the S&P TSX index <0#SXF:> were up 0.03 percent at 0715 ET.
The index showed no signs of slowing its ascent into uncharted territory on Friday, with gold miners and banks helping it to another record close and a 1.2 percent gain in a week of all-time highs.
Dow Jones Industrial Average e-mini futures were down 0.02 percent at 0715 ET, while S&P 500 e-mini futures were down 0.04 percent. Nasdaq 100 e-mini futures were up 0.03 percent.
No major Canadian economic data is due for release on Monday.
(Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)
TOP STORIES
Germany will reject a multi-billion free trade deal between the European Union and Canada that is widely seen as a template for a bigger agreement with the United States, a leading German paper reported on Saturday.
Africa Oil Corp and partner Tullow Oil are likely to bring in a third partner to help develop their oil discoveries in northern Kenya, Africa Oil's CEO said.
Silver bullion banks Deutsche Bank, Bank of Nova Scotia and HSBC have been accused of manipulating prices in the multi-billion dollar market in a lawsuit filed on Friday.
COMMODITIES AT 0715 ET
Gold futures : $1,304.1; +0.06 pct
US crude : $101.48; -0.6 pct
Brent crude : $107.44; -0.88 pct
LME 3-month copper : $7,136.50; +0.16 pct
ANALYST RESEARCH HIGHLIGHTS
Athabasca Oil : Raymond James cuts rating to market perform; price target to C$7.50 from C$10.50
Contrans Group Inc : NBF revises rating to tender from sector perform
Suncor Energy Inc : Barclays raises target price to C$58 from C$55; rating overweight
