(Reuters) - Futures for Canada's main stock index were subdued on Wednesday, as investors remained cautious amid renewed global restrictions to curb the spread of Omicron variant cases.
March futures on the S&P/TSX index were flat at 7:00 a.m. ET.
Markets have been volatile this month as the rising cases of Omicron variant of the coronavirus have forced countries to reinstate restrictions and refueled concerns about a slowdown in global economic recovery.
The Toronto Stock Exchange's S&P/TSX composite index ended 1.9% higher at 20,924.87 on Tuesday, its biggest gain since February. [.TO]
Dow e-minis were up 37 points, or 0.1%, at 7:00 a.m. ET, while S&P 500 e-minis were up 1.75 points, or 0.04% and Nasdaq 100 e-minis were down 8.75 points, or 0.05%. [.N]
TOP STORIES [TOP/CAN]
Canada's cloud-based service provider Dye & Durham Ltd said on Tuesday it will acquire Australia-listed Link Administration Holdings Ltd for about C$3.2 billion ($2.48 billion).
BlackBerry Ltd, beat Wall Street estimates for third-quarter revenue on Tuesday, helped by sustained demand for its cybersecurity and Internet of Things products.
ANALYST RESEARCH HIGHLIGHTS [RCH/CA]
Bank of Montreal: CIBC cuts to "neutral" from "outperform"
Bank of Montreal: Scotiabank cuts to "sector perform" from "sector outperform"
Canadian National Railway Co: Scotiabank raises target price to C$166 from C$160
COMMODITIES AT 7:00 a.m. ET
Gold futures: $1790.3; +0.13% [GOL/]
US crude: $71.35; +0.32% [O/R]
Brent crude: $74.03; +0.13% [O/R]
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0830 Corporate profits revised for Q3 : Prior 4.2%
0830 GDP final for Q3 : Expected 2.1%; Prior 2.1%
0830 GDP sales final for Q3 : Prior 0.0%
0830 GDP cons spending final for Q3 : Prior 1.7%
0830 GDP deflator final for Q3 : Expected 5.9%; Prior 5.9%
0830 Core PCE prices final for Q3 : Expected 4.5%; Prior 4.5%
0830 PCE prices final for Q3 : Prior 5.3%
0830 National Activity Index for Nov : Prior 0.76
1000 Consumer Confidence for Dec : Expected 110.8; Prior 109.5
1000 Existing home sales for Nov : Expected 6.52 mln; Prior 6.34 mln
1000 Existing home sales percentage change for Nov : Prior 0.8%
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
(Reporting by Amal S in Bengaluru; Editing by Krishna Chandra Eluri)