CANADA STOCKS-TSX futures fall as North Korea tensions brew

Reuters

Aug 10 (Reuters) - Canada's benchmark stock index was set to
follow global markets lower on Thursday as investors sought
refuge in safe-haven assets following exchange of more threats
between the United States and North Korea.
    North Korea dismissed warnings by U.S. President Donald
Trump that it would face "fire and fury" if it threatened the
United States and outlined detailed plans for a missile strike
near the U.S. Pacific territory of Guam. [nL4N1KV6U0]
    September futures on the S&P TSX index  were down
0.37 percent at 7:15 a.m. ET.
    Canada new housing price index data is due at 8:30 a.m. ET
.
    On Wednesday, Canada's main stock index fell as heightened
tensions between North Korea and the United States drove
investors away from higher-risk assets to safe havens such as
gold. [nL1N1KV21I]
    Dow Jones Industrial Average e-mini futures <1YMc1> were
down 0.28 percent at 7:15 a.m. ET, while S&P 500 e-mini futures
 were down 0.45 percent and Nasdaq 100 e-mini futures
 were down 0.7 percent. [.N]

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    TOP STORIES [TOP/CAN]
    Two of Canada's biggest insurance companies, Manulife
Financial Corp  and Sun Life , reported
second-quarter earnings on Wednesday that beat market estimates,
benefiting in part from strong growth in Asia. [nL1N1KV27O]
    Canadian fertilizer maker Agrium Inc , 
reported quarterly profit and revenue on Wednesday that edged
past analysts' estimates, helped by higher selling prices for
potash. [nL1N1KV2D5]
    First Quantum Minerals Ltd  said on Wednesday it
plans to suspend operations at its Ravensthorpe nickel mine in
Western Australia at the beginning of next month due to
persistently weak nickel prices, sending its shares
lower.[nL1N1KV28I]

    ANALYST RESEARCH HIGHLIGHTS [RCH/CA]
    Pan American Silver Corp : Credit Suisse raises
target price to C$25 from C$23Stella-Jones Inc : National Bank of Canada raises
target price to C$48 from C$42Tahoe Resources Inc : National Bank of Canada cuts
target to C$8.50 from C$9.75

    COMMODITIES AT 7:15 a.m. ET [COM/WRAP]
    Gold futures : $1280.50; +0.59 percent [GOL/]
    US crude : $49.90; +0.69 percent [O/R]
    Brent crude : $53.22; +0.91 percent [O/R]
    LME 3-month copper : $6457.50; +0.04 percent [MET/L]

    U.S. ECONOMIC DATA DUE ON THURSDAY
    0830 Initial jobless claims: Expected 240,000; Prior 240,000
    0830 Jobless claims 4-week average: Prior 241,750
    0830 Continued jobless claims: Expected 1.960 mln; Prior
1.968 mln
    0830 PPI final demand yy for Jul: Expected 2.2 pct; Prior
2.0 pct
    0830 PPI final demand mm for Jul: Expected 0.1 pct; Prior
0.1 pct
    0830 PPI ex food/energy yy for Jul: Expected 2.1 pct; Prior
1.9 pct
    0830 PPI ex food/energy mm for Jul: Expected 0.2 pct; Prior
0.1 pct
    0830 PPI ex food/energy/transport yy for Jul: Prior 2.0 pct
    0830 PPI ex food/energy/transport mm for Jul: Prior 0.2 pct
    1400 Federal budget for Jul: Expected -$73.00 bln; Prior
-$90.0 bln

    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= C$1.27)

 (Reporting by Nishit Kunal in Bengaluru; Editing by Arun
Koyyur)
 ((Reuters Messaging:
nishit.kunal.thomsonreuters.com@reuters.net ; phone +1 651 848
5900 or +91 80 6749 8175))

Keywords: CANADA STOCKS/

Referenced Symbols:AGU

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