June 8 (Reuters) - Futures for Canada's main stock index fell on Wednesday, as investors worried that aggressive policy tightening by global central banks will stifle economic growth.
June futures on the S&P/TSX index SXFc1 were down 0.5% at 6:45 a.m. ET.
The Organisation for Economic Cooperation and Development on Wednesday cut its 2022 global growth forecast to 2.8% from 3.2%, a day after the World Bank slashed its estimates by nearly a third to 2.9%.
The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE ended 0.5% higher at 20,928.21 on Tuesday. .TO
Dow e-minis 1YMcv1 were down 176 points, or 0.53% at 6:45 a.m. ET, while S&P 500 e-minis EScv1 were down 21.25 points, or 0.51% and Nasdaq 100 e-minis NQcv1 were down 56.75 points, or 0.45%. .N
TOP STORIES TOP/CAN
Prices in Canada are rising at their quickest pace in 31 years, but that is not yet feeding in to a wage spiral, Canada's budgetary watchdog said on Tuesday, with inflation still expected to return to target in coming years.
ANALYST RESEARCH HIGHLIGHTS RCH/CA
BRP Inc DOO.TO: D.A. Davidson cuts target price to C$122 from C$134
Vitalhub Corp VHI.TO: Cormark Securities raises target price to C$5 from C$4.75
Wishpond Technologies Ltd WISH.V: Canaccord Genuity starts with "speculative buy" rating
COMMODITIES AT 6:45 a.m. ET
Gold futures GCc2: $1848.5; -0.04% GOL/
US crude CLc1: $121.12; +1.45% O/R
Brent crude LCOc1: $122.11; +1.27% O/R
U.S. ECONOMIC DATA DUE ON WEDNESDAY
1000 Wholesale inventory, R mm for Apr : Expected 2.1%; Prior 2.1%
1000 Wholesale sales mm for Apr : Prior 1.7%
1200 Refinitiv IPSOS PCSI for Jun : Prior 54.72
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report .TO
Canadian dollar and bonds report CAD/CA/
Reuters global stocks poll for Canada EQUITYPOLL1, EPOLL/CA
Canadian markets directory CANADA
($1= C$1.25)
(Reporting by Amal S in Bengaluru; Editing by Sriraj Kalluvila)
((amal.s@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.