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TSX futures dip as U.S.-China trade tensions escalate again

Credit: REUTERS/CHRIS HELGREN

Canada's main stock index futures were lower on Wednesday, as Sino-U.S. trade tensions escalated after China condemned U.S. Senate measures on Hong Kong.

Nov 20 (Reuters) - Canada's main stock index futures were lower on Wednesday, as Sino-U.S. trade tensions escalated after China condemned U.S. Senate measures on Hong Kong.

The U.S. senate angered China by passing a bill requiring annual certification of Hong Kong's autonomy and warning Beijing against violently suppressing protesters. China demanded that the United States stop interfering in its internal affairs and said it would retaliate.

U.S. President Donald Trump also threatened to up tariffs on Chinese goods if a trade deal was not reached soon.

December futures on the S&P/TSX index SXFc1 were down 0.3% at 7:00 a.m. ET (1200 GMT).

Canada's inflation data for October is due at 8:30 a.m. ET.

The Toronto Stock Exchange's S&P/TSX composite index fell 0.08% to 17,011.40 on Tuesday.

Dow Jones Industrial Average e-mini futures 1YMc1 were down 0.3% at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.28% and Nasdaq 100 e-mini futures NQc1 were down 0.37%. .N

TOP STORIES TOP/CAN

Canadian Prime Minister Justin Trudeau will shuffle his cabinet on Wednesday and insiders say he may well move Foreign Minister Chrystia Freeland into a new job and ask her to prevent a national unity crisis.

U.S. House of Representatives Speaker Nancy Pelosi on Tuesday conditioned her support for a new U.S.-Mexico-Canada trade deal on better enforcement of its labor provisions, defying pressure by the Trump administration to get the deal done quickly.

ANALYST RESEARCH HIGHLIGHTS RCH/CA

Berry Petroleum Corp BRY.O: Keybanc cuts rating to underweight from sector weight

Castlight Health Inc CSLT.N: Canaccord Genuity cuts rating to hold from buy

LivePerson Inc LPSN.O: JP Morgan initiates coverage with neutral rating

COMMODITIES AT 7:00 a.m. ET COM/WRAP

Gold futures GCc2: $1474.7; rose 0.03 % GOL/

US crude CLc1: $55.56; rose 0.63 % O/R

Brent crude LCOc1: $61.33; rose 0.69 % O/R

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$1.33)

(Reporting by Swathi Nair in Bengaluru; Editing by Rashmi Aich)

((s.nair@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.

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