TSX futures down as Russia-Ukraine tensions escalate

(Reuters) – Futures for Canada’s fundamental inventory index fell on Tuesday, with traders becoming a member of a worldwide flight from dangerous belongings, as tensions between Russia and Ukraine escalated, though stronger crude costs on the again of provide considerations restricted additional losses.

March futures on the S&P/TSX index had been down 0.2% at 6:48 a.m. ET.

World shares slumped, whereas oil costs surged to their highest in seven years as Europe’s jap flank stood on the cusp of conflict after Russian President Vladimir Putin ordered troops into two breakaway areas of jap Ukraine. [MKTS/GLOB] [O/R]

The Toronto Inventory Alternate’s S&P/TSX composite index ended 0.8% decrease at 21,008.20 on Friday. [.TO]

Dow e-minis had been down 126 factors, or 0.37%, as of 0648 a.m. ET, whereas S&P 500 e-minis had been down 15.5 factors, or 0.36%, and Nasdaq 100 e-minis had been down 113 factors, or 0.81%. [.N]

TOP STORIES [TOP/CAN]

Canada’s parliament backed Prime Minister Justin Trudeau’s resolution on Monday to invoke rarely-used emergency powers to finish pandemic-related protests which have blocked streets within the capital Ottawa for greater than three weeks.

ANALYST RESEARCH HIGHLIGHTS [RCH/CA]

Air Canada: CIBC raises goal worth to C$35 from C$33

Dye & Durham Ltd: Canaccord Genuity cuts goal worth to C$65 from C$75

Uni-Choose Inc: Nationwide Financial institution of Canada raises PT to C$31 from C$27.50

COMMODITIES AT 7:00 a.m. ET

Gold futures: $1896.9; -0.1% [GOL/]

US crude: $94.43; +3.64% [O/R]

Brent crude: $97.79; +2.5% [O/R]

U.S. ECONOMIC DATA DUE ON TUESDAY

0900 Month-to-month dwelling worth mm for Dec: Prior 1.1%

0900 Month-to-month dwelling worth yy for Dec: Prior 17.5%

0900 Month-to-month House Value Index for Dec: Prior 362.4

0900 Caseshiller 20 mm SA for Dec: Anticipated 1.1%; Prior 1.2%

0900 Caseshiller 20 mm NSA for Dec: Prior 1.0%

0900 Caseshiller 20 yy for Dec: Anticipated 18.0%; Prior 18.3%

0945 Markit Manufacturing PMI Flash for Feb: Anticipated 56.0; Prior 55.5

0945 Markit Companies PMI Flash for Feb: Anticipated 53.0; Prior 51.2

0945 Markit Composite Flash PMI for Feb: Prior 51.1

1000 Shopper Confidence for Feb: Anticipated 110.0; Prior 113.8

1000 Wealthy Fed Composite  Index for Feb: Prior 8

1000 Wealthy Fed, Companies Index for Feb: Prior 4

1000 Wealthy Fed Manufacturing Shipments for Feb: Prior 14

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report [.TO]

Canadian greenback and bonds report [CAD/] [CA/]

Reuters international shares ballot for Canada

Canadian markets listing

($1= C$1.27)

(Reporting by Amal S in Bengaluru; Modifying by Sherry Jacob-Phillips)