Oct 27 (Reuters) - Canada's main stock index futures inched lower on Tuesday, as weakness in bullion weighed by a buoyant dollar and lack of progress on a U.S. stimulus package offset firmer oil prices.
Spot gold GCc2 dipped 0.19% to $1899.4 per ounce.
Bullion, considered a hedge against inflation and currency debasement, has risen 25% this year, supported by massive government and central bank stimulus worldwide.
December futures on the S&P/TSX index SXFc1 were down 0.08% at 0700 a.m. ET.
The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE ended 1.38% lower at 16,079.55 on Monday.
Dow Jones Industrial Average e-mini futures 1YMc1 were up 0.4% at 0700 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.48% and Nasdaq 100 e-mini futures NQc1 were up 0.51%.
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Bird Construction Inc BDT.TO: CIBC initiates coverage with "outperform" rating
Canadian Tire Corp Ltd CTCa.TO: RBC raises target price to C$173 from C$168
Absolute Software Corp ABT.TO: National Bank of Canada raises target to C$18 from C$17
COMMODITIES AT 7:00 a.m. ET
Gold futures GCc2: $1899.4; -0.19% GOL/
US crude CLc1: $39.01; +1.17% O/R
Brent crude LCOc1: $40.93; +1.16% O/R
U.S. ECONOMIC DATA DUE ON TUESDAY
0830 Durable goods for Sep: Expected 0.5%; Prior 0.5%
0830 Durables ex-transport for Sep: Expected 0.4%; Prior 0.6%
0830 Durables ex-defense mm for Sep: Prior 0.9%
0830 Nondefense cap ex-air for Sep: Expected 0.5%; Prior 1.9%
0900 Monthly home price mm for Aug: Prior 1.0%
0900 Monthly home price yy for Aug: Prior 6.5%
0900 Monthly Home Price Index for Aug: Prior 293.0
0900 Caseshiller 20 mm SA for Aug: Expected 0.5%; Prior 0.6%
0900 Caseshiller 20 mm NSA for Aug: Expected 0.5%; Prior 0.6%
0900 Caseshiller 20 yy for Aug: Expected 4.2%; Prior 3.9%
1000 Consumer Confidence for Oct: Expected 102.0; Prior 101.8
1000 Rich Fed Composite Index for Oct: Prior 21
1000 Rich Fed, Services Index for Oct: Prior 6
1000 Rich Fed Manufacturing Shipments for Oct: Prior 13
1030 Texas Service Sector Outlook for Oct: Prior 11.5
1030 Dallas Fed Services Revenues for Oct: Prior 14.0
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
(Reporting by Amal S in Bengaluru, Editing by Sherry Jacob-Phillips)
((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3677;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.