TSX futures down as oil slips due to Saudi boost, trade war

(Reuters) – Futures pointed to a lower opening for Canada’s main stock index on Friday as oil prices dipped due to higher output from top exporter Saudi Arabia and under pressure from a trade war between the United States and China.

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

Oil slipped towards $77 a barrel after Saudi Arabia told OPEC it raised production by almost 500,000 barrels per day last month.

September futures on the S&P/TSX index were down 0.37 percent at 7:15 a.m. ET.

Employment change data and trade balance numbers are due at 08:30 a.m. ET

The Toronto Stock Exchange’s S&P/TSX fell 38.11 points, or 0.23 percent, to 16,266.61 on Thursday.

Dow Jones Industrial Average e-mini futures were down 0.32 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.17 percent and Nasdaq 100 e-mini futures were down 0.22 percent.

Reporting by Debanjan Bose in Bengaluru; Editing by Arun Koyyur

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