TSX futures fall on tumbling oil prices amid U.S.-China trade tensions

A sign board displaying Toronto Stock Exchange (TSX) stock information is seen in Toronto June 23, 2014. REUTERS/Mark Blinch

(Reuters) – Canada’s main stock index futures fell on Friday as oil prices came under pressure from rising tensions between the United States and China, after the largest Asian economy moved to impose a national security law on Hong Kong.

China is set to impose new national security legislation on Hong Kong after last year’s pro-democracy unrest, a Chinese official said on Thursday, drawing a warning from U.S. President Donald Trump that Washington would react “very strongly” against the attempt to gain more control over the former British colony.

June futures on the S&P/TSX index were down 0.48% at 7:00 a.m. ET, as China’s move raised fears of more pro-democracy protests that engulfed the Asian city last year.

Canada’s retail sales data for March is due at 08:30 ET.

The Toronto Stock Exchange’s S&P/TSX composite index <.GSPTSE> ended 0.75% lower at 14,884.85 on Thursday.

Dow Jones Industrial Average e-mini futures <1YMc1> were down 0.4% at 7:00 a.m. ET, while S&P 500 e-mini futures were down 0.32 and Nasdaq 100 e-mini futures were down 0.48%. [.N]

(Reporting by Priyanka Das in Bengaluru; Editing by Shinjini Ganguli)

This content is also available in: Tiếng Việt


Bài Liên Quan

An adventure to the wild beauty of Nam Du Islands

Nam Du is a glistening archipelago of 21 tropical islands in all sizes. They are all nestling in the peaceful Gulf of Thailand...

Canadian farmers expected to plant less canola, more wheat in 2020

Reported By: Kelsey Johnson, Reuters OTTAWA, May 7 (Reuters) - Canadian farmers plan to seedless canola and more wheat...

Ford government announces online support for workers laid off and more

During today’s provincial address, Premier Doug Ford and the Ontario government announced that they are launching an online portal to help individuals...

4 New cases of Covid-19 in Toronto area, bringing total in Canada to 24

Four more new cases of Coronavirus (Covid-19) in Toronto and York Region have been confirmed by Health officials on Sunday, March...

PM Trudeau provides updates Canada’s COVID-19 status and Future Projections in his national address

During his daily national address to the country, Prime Minister Justin Trudeau addressed the updated federal projection figures for the COVID-19 cases...

Some Canadian universities say fall classes will be offered primarily online

Reported By: The Canadian Press Some Canadian universities say classes this fall will be offered primarily online as uncertainty over...

Linh Quy Phap An Pagoda

There is a small temple located in Bao Lam district, Lam Dong province, that has attracted the attention of young people...

This content is also available in: Tiếng Việt